Without business angels, "there would be no start-ups," say the leaders of Occitanie Angels
Published
Business angels play an important role in the creation of innovative companies in France. They are individual investors who provide money to young companies, but also their experience and advice. According to the co-presidents of the Occitanie Angels network, these investors are essential to the development of start-ups.
The Occitanie Angels network brings together investors from the Occitanie region, in the south of France. Its leaders state that, without the support of these individuals, a large number of start-ups would be unable to get off the ground or grow. For young entrepreneurs, it is often difficult to find financing from banks, especially during the first years of their activity.
Business angels generally invest their own money in projects they consider promising. They also take part in the life of the company, by giving strategic advice or by putting founders in touch with other partners. This support is, according to the network's managers, just as important as the money itself.
These statements recall the key role of private investors in the ecosystem of young French companies. While the creation of start-ups remains an economic challenge for many regions, the support of these local investors could continue to play an essential role in the years to come.
Sources: La Lettre M
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