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Scots advice to delegates

Women angels offer tips to overseas visitors

Women angels
L to R, Mariana Tancheva (Bulgaria), Lynne Cadenhead (Chair Women’s Enterprise Scotland), Stillyann Staniminov (Bulgaria), Zeljka Kelkedi (Slovenia) and Mary Jane Brouwers (LINC Scotland and Scottish Investment Bank).

A delegation of women from around Europe converged on Scotland this weekend to pick up tips on how to set up business angel networks.

Representatives from Bulgaria, Cyprus, Greece, Hungary, Italy and Slovenia are in Scotland for a two-day summit, seeking advice from Women’s Enterprise Scotland. 

Scotland is hosting the groups from across South East Europe, looking at how to grow the numbers of female business angels and mixed gender business angel consortia which invest in women-led businesses.

The SEEWBAN (South East Europe Women’s Business Angel Network) project is funded by the European Union.

Women now control 30% of the world’s wealth, up 5% from five years ago and estimated to grow another 7% in the next five years. Surveys, however, show that access to finance remains one of the biggest barriers for women looking to start their own businesses.

It is expected that as a result of the project, around €2.4 million will be invested in new women-led businesses.

A survey published earlier this week revealed that women are creating businesses at a faster rate than men.

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