MACC BAM
Measures to Accelerate the Mediterranean Business Angel Market- MACC BAM
Project website: http://www.macc-bam.net/
Building a Business Angel Market
Exemplas has been asked to join a group of partner organisations from France, Greece and Italy, to support the development of a Business Angels network around the Mediterranean. Through the MACC BAM project, we will build and test a coherent framework for planning and implementing a sustainable Business Angel Market which will result in the formation of a number of Business Angels Networks (BANs).
The project, which is being funded by the European Commission, gained support because BAN activity is so fragmented throughout the Mediterranean region. Our aim will be to strengthen organisations wishing to set up, run or validate BANs while assessing existing governmental policies to improve the environment in which BANs operate.
It will be a highly innovative project, which will have a significant impact on local economic development and will result in an integrated approach to accelerating the development of BANs within the Mediterranean area.
MACC BAM project aims at:
- creating permanent MED Business Angel Support Centres (MBASC) and their Network
- training their staff in order to help SMEs to compete in their respective markets
- sensitizing BA, SMEs and institutions with this key topic
- promoting collaboration between institutional and interested actors, involving all the relevant stakeholders
- assessing the pilot activities that will be undertaken
- preparing a plan for the continuity of the MBASC and their services
- proposing policy recommendations to concretely accelerating the BAM in the MED area.
All the activities above will bring to:
- raise awareness of Business angels and BANs
- promote Public sector support for the BANs development
- foster Public participation in Angel co-investment funds
- promote an Integrated approach to accelerate the MED angel market
- test tools such as equity guarantees, credit rating
- implement a Pilot Strategic Plan for the BAM development
- establish a BAM Support network in the MED space