
Angel investors form associations across all nations. This reduces problems of communication with innovators, enables angels to invest more money, and broadens the fields of investment. I would define two types of business angel associations: an online one, and a private club. Our Start Invest association is exactly a private club that brings together people with shared interests like syndicated investments in new projects.
All over the globe a regions-to-center principle of business angel integration prevails. Associations are formed based on entrepreneurs’ personal relationships; such regional alliances also typically include innovators and scientists who live close by. This ‘neighborhood’ pattern facilitates interaction greatly. The alliances then go on to forge national and international systems.
The difference between a business angel and a venture fund is even deeper; angel investors put up and manage their own money while venture funds work with other people’s funds. Therefore a business angel will do his utmost to ensure project success. An investment horizon is of little concern for him; if necessary, an angel investor will work on his project for eight or ten years, much longer than a typical three-to-five years. For his project to succeed a business angel may bring into play other angels, venture funds or corporate venture investors. In contrast to an angel, a VC fund may opt to even bar another fund from accessing its project (remember “the dog in the manger”?) A business angel rarely teams up with government; he doesn’t need any government funds as he’s an entrepreneur operating in small or medium-sized business.
I think, as private-public foundations spring up typical problems may arise, which would result in something different from what the planners hoped for. We have techno-parks, business incubators, private-public foundations; but angel investors need development in the right direction. Ironically, the root of the problem is that doing business in Russia is very simple, in spite of conventional belief. In mainstream sectors you can easily make 30-50% interest; making money in the stock market is an option, etc. As long as easy money is available, risking one’s capital on innovation projects is the province of those with deep knowledge in the investment fields. When, and if, traditional business yields less opportunity for a quick buck, entrepreneurs will look for other investment prospects. This is exactly the chance of attracting them into a business angel environment—given the correctly set system—and this is the way to having angels in each region multiply from dozens to hundreds or even thousands.
One of the major snags that need addressing is very few projects that we can evaluate. Another one is the quality of those projects available. Unfortunately, all the system of grants and funds that Russia has works to ensure the survival of scientists who used to literally starve in the 1990s and now must be rescued from extinction. Many fled overseas. They don’t flee today; instead they prefer to apply with the same project over and over and over again to a variety of funds to get grants and live off grant money rather than pushing for actual business results. In a comfort of their $20-30k, all they have to do is write formal reports.
There is also a so-called ‘translation barrier,’ a gap that stems from the innovator’s low literacy in business ABCs. Unless innovators are taught to understand that each scientific work has an element worth a certain amount of dollars, this gap cannot be bridged. Labs and universities tend to show reluctance in sharing their developments; distrust, lack of incentives and fear of change are all behind such ‘wary’ conduct. This is an across-the-board problem, to be tackled by the RF government and the Academy of Sciences. In my opinion, the ministries and the Academy should be motivated to not only increase numbers of scientific developments but also promote actual commercialization of those developments. Of course, the government could back the process by providing tax incentives.
To raise more investment, I think it’s worth repeating how important reasonable and systematic self-promotion is.
There still is a ‘missing link,’ the complete lack of a system to train managers for innovation projects. Unless this is firmly in place, nothing will change in Russia.
Drawing the line, I would like to emphasize that despite all the problems that Russia’s business angels face I strongly believe this country will eventually succeed in innovation.
ReplyDeleteشركة تنظيف بالامارات
شركة تنظيف دبي
شركة تنظيف كنب بدبي بالبخار
شركة تنظيف سجاد بدبي
شركة تنظيف في ابوظبي
شركة تنظيف منازل فى العين
شركة تنظيف كنب في ابوظبي
شركة تنظيف كنب العين
Every angel knows what are the key elements of a narrative. You will know it too!
ReplyDeleteThis is really very nice post you shared, i like the post, thanks for sharing..@ Packers and Movers mumbai
ReplyDeleteAll business owners are playing a very positive role because they are investing a lot of money, and they are making their country's economics strong. I think, we should appreciate our country's business owners because they are doing work very well. Dissertation writing services.
ReplyDeleteThanks for sharing Such a valuable information.Im very thankful to You That You Had Given Me This opportunity to write on This blog.please visit our website I Assure You That it will be very useful for @ Packers and Movers mumbai
ReplyDeleteSuch an amazing and kind information, when I was reading I thought I highlighted the main points and I realized that all lines are important so thank you for sharing.
ReplyDeleteDissertation Proposal Help
this is great learn how to solve canon error p22 and canon printer error p22
ReplyDeletethis is great learn how to solve Canon Printer Error 1250 and canon error code 1250
ReplyDelete
ReplyDeleteHey there, You’ve done an incredible job. I’ll definitely digg it
and for my part suggest to my friends. I am confident they will be benefited from this site.|
Also visit my page: 오피 (jk)
I completely resolved my question when I read this post, thanks to the author for the very detailed description. I wrote my review on the https://cvwritingservicesuk.com/professional-cv-writing-review/, you can go in and read. Thank you very much for your attention in your time.
ReplyDeleteGreat blog Birmingham Landscaping
ReplyDeleteIt's a very useful blog. http://www.bhamlimousine.com
ReplyDelete
ReplyDeleteHey friend, it is very well written article, thank you for the valuable and useful information you provide in this post. Keep up the good work! FYI, please check these depression, stress and anxiety related articles:
Essay on discipline , The Alchemist book review
ReplyDeleteThank You For sharing This Superb Article with us Keep sharing Best Of luck
Varanasi Escorts
#varanasiEscorts #escortsinvaranasi #varanasicallgirls
Nice Post...
ReplyDeleteVisit Our Website:-
Hauz khas Escorts
Mayur Vihar Escorts
An online search for Delhi Escorts is a perfect way of making sure that you will receive a popular type of Hot Escorts service. This escort agency has trained all the hot beauties a lot. Making sure that you will receive everything your body is asking for.
ReplyDeleteNice post. I used to be constantly checking this blog and I’m impressed! Amazon Upcoming Sale
ReplyDeleteVery nice blog, Thanks for sharing great article putting it all together for us.
ReplyDeleteAmazon Upcoming Sale
I have just found this website while searching over the internet, you have posted valuable information which i like reading.
ReplyDeleteBest Massage Chair in India
Your post is very interesting, thanks for sharing.
ReplyDeleteBest trimmer under 1500
Excellent Blog! I would like to thank you for the efforts you have made in writing this post. Best baby diapers in India
ReplyDeleteNice post! This is a very nice blog that I will definitively come back to more times this year! Best trimmer under 1500
ReplyDeleteThank You For sharing This Superb Article with us Keep sharing All the Best
ReplyDeletebest hair dryer under 2000
It can be said that more and more families are installing smart door locks, which not only allows our overall safety to be better protected, but also solves the problem of forgetting to bring the key.wholesale Multi-language Access Control Machine are not only anti-wear but also anti-violence, and their appearance is much better than traditional door locks.
ReplyDeleteyou will need support or suggestions, write me privately.
ReplyDeleteI interested in your implementation/use case.
the best situs slot terbaik
Togel2win
daftar bo bonanza
Slot gampang menang
Get CMMI Level 3 & Level 5 Certification Online - SIS Certifications
ReplyDelete