World Business Angels Association - Explained
What is the WBAA?
Written by J. Mance Gordon
Updated at April 20th, 2024
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What is the World Business Angels Association?
The World Business Angels Association (WBAA) is an international organization that is responsible for enhancing ethical practices and exchange of information among angel investors who are the active participants in the angel capital financing.
Usually, investors in the angel capital financing are individuals with high net worth that provide financial assistance or backing for small startups or entrepreneurs. Their focus is often on businesses with tendencies of long-term growth. WBAA is a not-for-profit organization known for promoting best practices among angel investors.
What does the World Business Angels Association Do?
WBAA was created by prominent angel investors who are leaders in their federations. The aim was to build a network that accommodates angel investors and leaders are enhance development in their respective countries by financing high-growth start-ups. This organization fosters angel groups and associations worldwide.
As a not-for-profit organization, countries who have representation in the organization include Australia, India, Italy, Portugal, UAE, UK, US, among others. WBAA is based in Brussels, and has had a lot of organizational meetings attended by angel federations in the world. One of the meetings held in Estoril, Portugal, on October 10, 2007, another on April 19, 2009 in Dubai and an inaugural conference in Beijing China on December 56, 2009.
WBAA seeks to increase global awareness on the practice and importance of angel investing in promoting development in many nations.