Business angels are regarded as ‘smart’ investors who make added value contributions to their investee businesses that go beyond their financial investments. Most studies of the value added process provide empirical descriptions of the hands-on support provided by business angels. Consequently, a more comprehensive and theoretical overview of the process is lacking and theoretical progress remains slow. In the chapter the author provides a review and synthesis of the available research evidence on the hands-on involvement of business angels after they have made their investment. The analysis is based on a framework that comprises four interrelated dimensions of the value added process: behaviour, context, reception and impact. This results in three main themes that provide insights into the process of adding value. The first theme addresses the involvement of business angels in the ventures in which they invest and how this involvement translates into a set of potential value adding benefits. The second theme addresses how and to what extent the set of potential benefits that portfolio ventures receive may translate into benefits in the venture development process. The third theme addresses how situational contingencies may influence the value added of business angels.
Gustav Hägg and Diamanto Politis
In this study we examine how formal mentorship facilitates learning for students engaged in experiential entrepreneurship education. Based on a diary-interview method we build a process model that depicts how formal mentorship relations are initiated and developed over time. Our analysis identifies critical conditions for generating a prosperous learning environment in this relation. The findings provide explanations for why certain mentorship relations are associated with different forms of learning outcomes depending on how the relations mature over time. The study shows that psychosocial support is important in the early stage, where openness, commitment and motivation create mutual trust within the mentoring dyad. In all, the study provides ample evidence in support of mentorship programs as a viable pedagogical method in experiential entrepreneurship education.
Jonas Gabrielsson and Diamanto Politis
Jonas Gabrielsson, Hans Landström, Diamanto Politis and Gustav Hägg
The growth of entrepreneurship education has played an important role in building up an academic infrastructure for entrepreneurship research. In this chapter we identify exemplary European contributions to entrepreneurship education research and practice. We discuss the evolution of entrepreneurship education as a scholarly field in Europe with particular emphasis on its social infrastructure and cognitive development. Thereafter we use a systematic literature review to identify important contributions made by European-based scholars to entrepreneurship education research published in peer-reviewed academic journals. Based on the review we identify top research journals with the most published articles on entrepreneurship education, the most cited articles, and the most influential scholars. We end the chapter with a description of the European Entrepreneurship Education Award (EEEA) together with summary analyses of the work of the six Award Laureates.