(Vocus) November 11, 2010 -- More and more entrepreneurs are turning to online angel networks to secure funding for their businesses. These portals give entrepreneurs a quick and easy way to present their projects to a large number of investors. These sites also give investors access to a comprehensive range of business ideas and investment opportunities.
Connecting business owners and investors online provides great opportunities for business entrepreneurs based outside of large metropolitan areas and business owners who dont have the right connections to get in contact with angels. These online networks give anyone with a great idea the chance to get the funding they need to get their business off the ground or expand.
Angel Investment Network Ltd, has noticed a big difference in the sectors where people are looking for funding, and the sectors that are getting funded. Data from the University of New Hampshires Center for Venture Research shows the largest area of focus for US angel investors in the first half of 2010 was healthcare services and medical devices/equipment, accounting for 24% of investments. That was followed by biotechnology (20%), software (12%), industrial/energy (11%), retail (9%) and media (5%).
However, Mike Lebus (director of Angel Investment Network Ltd said, "The sector where were getting the most funding applications at the moment is Internet & eCommerce which makes up 7.99% of all the business plans we receive. The next highest were Technology with 7.03% and Food & Beverage with 6.32%. In fact, Medical & Health Care, the area getting the most funding from angels, is right down in 9th place."
He continued, "Its also interesting to look at the variations from country to country. In the UK, for example, Internet & eCommerce is the runaway winner with 13.21% - the same as the US. But the next most popular industry among http://www.midwestinvestmentnetwork.com business entrepreneurs looking to raise capital was Leisure & Tourism with 7.77%, which doesnt even feature in the top 10 in our US networks."
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