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The development of business angel networks in Latin American countries: the case of Chile

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  • Gianni Romaní
  • Miguel Atienza
  • José Ernesto Amorós

Abstract

This article analyses the recent development of business angel networks (BANs) in Chile, in order to understand the limitations of the current public policies to encourage informal venture capital and especially the BANs. We describe the evolution of this policy and apply a semi-structured interview to managers of Chilean BANs. The poor results in total investments in the case of Chilean BANs allow us to understand how government programmes exclusively oriented towards the supply of the informal venture capital market are insufficient to promote the dynamism of this industry. It is necessary to implement articulated programmes both from the supply and demand side, accompanied by the continuous evaluation of their results.

Suggested Citation

  • Gianni Romaní & Miguel Atienza & José Ernesto Amorós, 2013. "The development of business angel networks in Latin American countries: the case of Chile," Venture Capital, Taylor & Francis Journals, vol. 15(2), pages 95-113, April.
    • Handle: RePEc:taf:veecee:v:15:y:2013:i:2:p:95-113
    DOI: 10.1080/13691066.2013.788822
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    1. Colin Mason & Jennifer Kwok, 2010. "Investment Readiness Programmes and Access to Finance: A Critical Review of Design Issues," Local Economy, London South Bank University, vol. 25(4), pages 269-292, June.
    2. Josh Lerner, 2010. "The future of public efforts to boost entrepreneurship and venture capital," Small Business Economics, Springer, vol. 35(3), pages 255-264, October.
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    Cited by:

    1. Sergio A. Contreras & Andrew J. Greenlee, 2021. "Evaluating the effectiveness of ChileCompra's Entrepreneurship Centers policy," Regional Science Policy & Practice, Wiley Blackwell, vol. 13(4), pages 1262-1282, August.

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