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Two researchers from iaelyon - University Jean Moulin Lyon 3 - are leading a Horizon Europe project

Published on October 9, 2024 Updated on October 29, 2024
Business Angels and Crowdinvestors for Startups’ Human Capital
Business Angels and Crowdinvestors for Startups’ Human Capital

The research project "Business Angels and Crowdinvestors for Startups’ Human Capital" (BAC4SHC) has received European funding for a duration of three years. It is led on the French side by two researchers from the Magellan Research Laboratory @iaelyon: Laurence Cohen and Aurélien Petit, in partnership with the Politecnico di Milano, and coordinated by the University of Eastern Piedmont.

This project aims to develop existing research on the role of human capital within two major players in the entrepreneurial finance ecosystem: Business Angels (BAs) and Crowdinvestors (CIs).



A France - Italy - Belgium Partnership

The project is based on an original partnership between Jean Moulin Lyon 3 University, the Università degli Studi del Piemonte Orientale Amedeo Avogadro and the Politecnico di Milano.
It includes several companies and organizations: Accirculate SPRL (Belgium), Make Mothers Matter EU Delegation (Belgium), B12 Consulting (Belgium), and WeAreStarting S.r.l. (Bergamo - Italy), a crowdfunding platform.
 


The 3 Objectives of the Project “Business Angels and Crowdinvestors for Startups’ Human Capital” (2024-2027)


1. Develop existing research on the role of human capital within two major players in the entrepreneurial finance ecosystem: Business Angels (BA) and Crowdinvestors (CI).

2. Build a network of skills capable of enhancing employability and career possibilities, both within and outside the academic environment, in the fields of entrepreneurship and finance, through international, interdisciplinary, and cross-industry mobility of EU researchers. A total of 91 outgoing and 91 incoming researchers will be engaged by partners involved in three countries (France, Italy, and Belgium).

3. Design and develop a European data set on the various dimensions of the human capital characteristics of Business Angels (BA) and Crowdinvestors (CI) and their impact on the survival and success performance of startups. Research on the relationship between investors (BA and CI), growth and performance of startups within the entrepreneurial finance ecosystem is still in its early stages, particularly due to the impact of digitization, the study of skills related to social and environmental impact investing and female entrepreneurship.

The project will contribute to drive these research streams forward by going beyond traditional characteristics of human capital, by considering variables related to gender, personality traits, as well as dimensions linked to economic transition and digitalization, and evaluating their impact on startup survival.
 


A significant scientific, economic, and societal Impact

The results will provide useful recommendations for market players and policy makers, highlighting the contribution of Business Angels (BA) and Crowdinvestors (CI) to digitization and the ecological transition in the financial sector.

This three-year research project (2024-2027), coordinated by the Università degli Studi del Piemonte Orientale Amedeo Avogadro, will facilitate the organization of various workshops, a major conference at iaelyon, and the reinforcement of cooperation ties with researchers from the University of Eastern Piedmont and the Polytechnic University of Milan

 
THE TEAM PROJECT FRANCE - Laboratoire Magellan @iaelyon
Laurence Cohen, Associate Professor in Finance, Co-Project Leader
Aurélien Petit, Associate Professor in Economic Sciences, Co-Project Leader 
Romain Lesage, Associate Professor at iaelyon
Prince Teye, PhD in Management Sciences affiliated with the Magellan Laboratory


More about the project
About Horizon Europe projects