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WBAA, EBAN and FNABA congratulate Portugal for the new Business Angels’ Co-Investment Fund.

Brussels, September 1st, 2009

Worldwide Business Angels have increasingly been syndicating and co-investing with public and private funds. This new initiative will represent a global investment of 25 million euros in 60 new start ups.

The new Business Angels (BA) Co-Investment Fund that was announced yesterday by the Portuguese government, brings Portugal to a new era of innovation, risk taking, enabling the development of several early stage projects.

“Portugal is showing how important the Business Angels community is for the development of innovation and a new generation of entrepreneurial companies. Portugal is definitely in the forefront of the World BA community, as they were when hosting the formative first meeting of the World Business Angels Association. Congratulations to Portugal and FNABA for this exciting achievement!”, mentioned John May, President of the World Business Angels Association and Chair Emeritus of the Angel Capital Association (US).

Read the Full Release HERE.