IDEAS home Printed from https://ideas.repec.org/a/taf/veecee/v4y2002i4p357-362.html
   My bibliography  Save this article

Encouraging angel capital: What the US states are doing

Author

Listed:
  • George Lipper
  • Bruce Sommer

Abstract

The importance of business angels has increased in recent years as venture capital funds are investing less and less in the smaller initial funding stages. Individual states are now recognizing the significant impact of angel investors in economic development. The paper reports on a survey to discover how individual states across the US are encouraging angel activity. One-third of states responded. The Oklahoma Technology Commercialisation Corporation has a well-thought out and designed programme of tax credits, forums and other incentives. Six other states have angel incentive programmes and four states have tax credit programmes. Economic development through innovation is stimulated by the presence of angel investing which acts as a catalyst. Economic development in 'have not' states with low levels of venture capital investments is being threatened by the transfer of local entrepreneurs and angel investors to nearby 'have' states with high levels of venture capital investment activity.

Suggested Citation

  • George Lipper & Bruce Sommer, 2002. "Encouraging angel capital: What the US states are doing," Venture Capital, Taylor & Francis Journals, vol. 4(4), pages 357-362, October.
    • Handle: RePEc:taf:veecee:v:4:y:2002:i:4:p:357-362
    DOI: 10.1080/1369106022000024996
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1369106022000024996
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1369106022000024996?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Harrison, Richard T. & Bock, Adam J. & Gregson, Geoff, 2020. "Stairway to heaven? rethinking angel investment policy and practice," Journal of Business Venturing Insights, Elsevier, vol. 14(C).
    2. Solodoha, Eliran & Rosenzweig, Stav & Harel, Shai, 2023. "Incentivizing angels to invest in start-ups: Evidence from a natural experiment," Research Policy, Elsevier, vol. 52(1).
    3. Roundy, Philip T. & Bradshaw, Mike & Brockman, Beverly K., 2018. "The emergence of entrepreneurial ecosystems: A complex adaptive systems approach," Journal of Business Research, Elsevier, vol. 86(C), pages 1-10.
    4. Elhem Ben Fatma & Ezzeddine Ben Mohamed & Léo-Paul Dana & Sami Boudabbous, 2021. "Does entrepreneurs’ psychology affect their business venture success? Empirical findings from North Africa," International Entrepreneurship and Management Journal, Springer, vol. 17(2), pages 921-962, June.
    5. Townsend, David M. & Busenitz, Lowell W., 2015. "Turning water into wine? Exploring the role of dynamic capabilities in early-stage capitalization processes," Journal of Business Venturing, Elsevier, vol. 30(2), pages 292-306.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:veecee:v:4:y:2002:i:4:p:357-362. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/TVEC20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.