LEWIATAN BUSINESS ANGELS

Lewiatan Business Angels (LBA) is the largest and most active Business Angels network in Poland. It was established in 2005 with the use of EU funds under the brand of Polish Confederation Lewiatan (www.konfederacjalewiatan.pl). LBA matches entrepreneurs who have innovative ideas and ambitious development plans with private investors (so called Business Angels). Its main goals are: to promote the Business Angels investing in Poland, to match private investors (Business Angels) with compan... ies seeking growth funding, to exchange experience and encourage best practice. LBA assists in gaining capital for companies on an early stage of their development, including start-ups, which are not financed by banks (due to the lack of sureties) nor by venture capitals (too small scale of investments), and helps to identify the best source of Angel financing for each individual business. A good idea is a necessary but not sufficient condition to receive funding - the ability to execute, experience, commitment (also financial), and a properly written business plan are of key importance. Many entrepreneurs underestimate the importance of having the idea properly thought through and presented in a spread- sheet and on paper.More