Monday, 1 July 2013

HBAN named EBAN Federation of the Year and grows Irish business angel syndicates

- Three new angel syndicates established in 2012 focusing on regional and sector specific investments - HBAN has developed new entrepreneur and business angel guides that will be used across Europe 
 - Record attendance at national conference demonstrating appetite for angel investing in Ireland

HBAN, the all-island umbrella group responsible for stimulating angel investment, has been named as the EBAN Federation of the Year at the 8th Annual EBAN Awards in Vienna. The annual EBAN awards recognise European business angel federations, networks and investors who have demonstrated excellence and commitment to driving business angel investment over the last year.

HBAN was selected as EBAN Federation of the Year in recognition of its contribution to the Irish and European business angel landscape and the development of new entrepreneur and business angel guides which will be used by business angel federations across Europe to grow the overall number of angel investors. Additionally, a key objective of HBAN is to promote the development of business angel syndicates in Ireland and 2012 saw the establishment of three new HBAN supported syndicates.

 The new syndicates include the FUSE syndicate which is aiming to ignite growth among businesses in the south east and attract new high growth businesses to the region. There are also two new industry specific syndicates, the Medical Technology syndicate and the Food & Nutraceuticals syndicate, which will support Irish businesses operating in these sectors.

 Working closely with the Irish Business Innovation Centre's (BICs), HBAN introduces these syndicates to pre-screened, high potential Irish businesses looking for the funding and expertise to help them make the next steps in their growth. HBAN also ran its annual conference, in October 2012, which was attended by 300 high net worth Irish angel investors and potential investors, almost doubling the attendance of the previous year. According to Michael Culligan, national director of HBAN, "The huge number of attendees at our conference is a testament to the appetite that is out there for angel investment.

We are continually working to accelerate business angel activity and educate both the entrepreneurs and potential investors of the crucial role angel investment plays in raising equity. "The role of business angel investment in high potential start-up and growth oriented businesses is critical to developing a strong economy. Many Irish start-ups have become leaders in their sector and are essential to increasing employment and growth in our economy."