For alternative sources of funding, you might want to consider business angels. A business angel is a private individual who directly invests part of his or her personal wealth in new and growing private businesses. Business angels can invest individually or as part of a syndicate where one angel typically takes the lead role. Angel investors also provide business management experience, skills and contacts for the entrepreneur. The European Trade Association for Business Angels, Seed Funds and Early Stage Market Players (EBAN) represents the early stage investor community in Europe, including business angels networks and angel investors themselves. EBAN provides educational programmes, access to seasoned entrepreneurs, connections with potential investors and a supportive community fostering cross-border and cross-network investments.


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