The successful dialogue between the young space entrepreneur and the space investor remains difficult. This is particularly true with regards to the market-stakeholders of the financing world, namely the Business Angels and Venture Capitalists. With the support of the European Commission (Innova initiative) research was undertaken so as to assess this problem and potentially develop suitable facilitating solutions. Using a unique and tailored database of space and hi-tech investors key elements of financing problems for start-up entrepreneurs were analysed with the use of questionnaires. The methodology focused on stakeholders’ perceptions regarding availability of funding, perceived problems with business plans, knowledge of young entrepreneurs in financial techniques and terminology as well as, protection of Intellectual Property Rights. The results were also cross-examined by interviews and expert panels. What emerged was a consensus that the space community is unique, but so are the other areas seeking funding from the same ‘pool’ of commercially-minded funds, so no specialised ‘space-assisting’ tools are required for small-medium size enterprises and start-up entrepreneurs. Instead what seem needed are better communication and a common language between space engineers and scientists and the financial community. This points to a number of alternatives related to education and training, as well as understanding in a multi-disciplinary framework.
Read more: HHRG-115-SY16-Wstate-AlexanderB-20170907