Improving access to early stage venture capital in regional economies: A new approach to investment readiness

Colin Mason, Richard T. Harrison

Research output: Contribution to journalArticle

40 Citations (Scopus)

Abstract

It is now recognised that many businesses are unsuccessful in raising equity finance because they are not investment ready. This has prompted enterprise support organisations in various countries to develop investment ready programmes. In the UK, the emphasis of these programmes is on providing information on sources of finance and how to access them, and on presentational skills. These are necessary but not sufficient conditions to get a business investment ready because they do not address business development issues which discourage potential investors. These issues are generally company specific and often require the input of significant expertise in order to make the company investable. This paper reviews LINC Scotland's approach, which is based on investment facilitation. It suggests that this approach does effectively address the business development support component of investment readiness at limited public cost and provides useful lessons for the design of investment ready programmes.
LanguageEnglish
Pages159-173
Number of pages14
JournalLocal Economy
Volume19
Publication statusPublished - 2004

Fingerprint

Venture capital
Readiness
Regional economy
Business development
Business investment
Expertise
Make-to-order
Investors
Costs
Finance
Scotland
Facilitation
Equity finance

Keywords

  • business angels
  • access to finance
  • investment readiness
  • business support

Cite this

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Improving access to early stage venture capital in regional economies: A new approach to investment readiness. / Mason, Colin; Harrison, Richard T.

In: Local Economy, Vol. 19, 2004, p. 159-173.

Research output: Contribution to journalArticle

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