Prof. Rudy Aernoudt

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PROF. RUDY AERNOUDT Rudy Aernoudt is a Belgian professor, writer, politician, economist and philosopher, Between 2013 and 2015 he was Head of Cabinet of the President of the European Economic and Social Committee, Henri Malosse. He is professor 'corporate finance' at the Universities of Ghent and Nancy. He was among the first to openly oppose separatist tensions in Belgium and fought against corruption in both the north and the south of the country. He is also the only person to serve as Head of Cabinet at the European, Belgian, Walloon and Flemish levels. He has received several awards, including one for political courage, one for the architect of the best European regional entrepreneurship plan and the prestigious award for democracy Aron- Condorcet. Holding a master's degree in economics from KU Leuven, European economics from the College of Europe and philosophy from KU Leuven, Rudy Aernoudt began his career as an official in the European Commission. He was mainly responsible for programs for access to finance. He has written several books and articles on corruption, its nature, its consequences and how to tackle and prevent it. In 2012 he published a novel (De Duivelszak). Experienced Professor Corporate Finance and European policy and outstanding International and European experience (MIT, European Commission, European Council and European Social and Economic Committee). Experienced and skilled in Corporate Social Responsibility. Masters in Thomistic Philosophy (KUL), Economy (KUL) and European economy (college of Europe). Co- founder of EBAN, the European Business Angels Network and of FREE (the Foundation for the Research on Education and Entrepreneurship). Columnist (FD Magazine, CXO and Trends) and author of several books (30+) and papers (300+) on corporate finance, politics and economics. His handbooks 'Financial Management in Practice' and 'Entrepreneurship, no guts, no glory' (both Intersentia, Cambridge), are widely used both in academic and business world. DIPLOMATIC WORLD Avenue Louise 146 I 1050 Brussels I Belgium I T +32 2 770 03 06 I M +32 475 89 25 37 [email protected] I www.diplomatic-world.com I www.diplomatic-world-institute.com .

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Working Paper
FACULTEIT ECONOMIE EN BEDRIJFSKUNDE TWEEKERKENSTRAAT 2 B-9000 GENT Tel. : 32 - (0)9 – 264.34.61 Fax. : 32 - (0)9 – 264.35.92 WORKING PAPER AN ASSESSMENT OF GOVERNMENT FUNDING OF BUSINESS ANGEL NETWORKS: A REGIONAL STUDY Veroniek Collewaert 1 Sophie Manigart 2 Rudy Aernoudt ³ March 2007 2007/455 1 Ghent University. Veroniek Collewaert is Aspirant of the Fund for Scientific Research – Flanders (FWO-Vlaanderen) and greatly acknowledges the financial support of the Fund. Corresponding author: Department of Accounting and Corporate Finance, Ghent University, Kuiperskaai 55E, B – 9000 Gent, Belgium, tel. (32)9/264 79 60, fax (32) 9/264 35 77, e-mail [email protected] 2 Ghent University and Vlerick Leuven Ghent Management School. ³ Hogeschool Gent. We would like to thank the participants of the 2006 Babson Kaufmann Entrepreneurship Research Conference (Bloomington, IN) and the 2006 RENT Conference (Brussels) for their comments on an earlier draft of this paper. D/2007/7012/26 AN ASSESSMENT OF GOVERNMENT FUNDING OF BUSINESS ANGEL NETWORKS: A REGIONAL STUDY Veroniek Collewaert, Ghent University Sophie Manigart, Ghent University and Vlerick Leuven Ghent Management School Rudy Aernoudt, Hogeschool Gent ABSTRACT In this paper we evaluate whether government intervention through the public funding of business angel networks is warranted. Based on a regional study of four BANs, we find that these subsidies reach their goals in terms of contribution to economic development and reducing financing and information problems entrepreneurial companies face. However, they are partly based on the wrong assumptions as these companies are not (yet) value creating. Therefore, we advise caution in using the market failure argument as grounds for government intervention in the informal risk capital market.
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N°1 Combining Economy, Science and Innovation for a better society rePeriodical of the Departmentview of Economy, Science and Innovation | May 2007 Vision for the future > Welcome A new spring, a new sound 2 These famous words triggered a controversial new literary movement in Dutch letters in the 1880s. Without harbouring any literary preten- sions, this new magazine also aims to ring in a ‘new sound’. Research institutions disseminate their results within the scientific community and are judged by their colleagues on the basis of the findings thus presented. They also have a moral duty to convey their findings to the general public in comprehensible form. Companies publicise their products and/or services and pass on “knowledge” about their activities and findings via advertising campaigns. Some publications (like annual reports and balance sheets) are intended for a specific public or serve a very closely defined purpose. Interest groups place advertisements, go around with petitions and stage demonstrations or happenings to attract the media’s attention and showcase their points of view. Government departments have a far less urgent need to present their expertise and activities or achievements in their policy area to the interested layman (apart from the mandatory annual report for the “initiated”). Nor do they have to present their products and services. And their views are normally expressed by the responsible politicians. In the future, the Department of Economy, Science and Innovation (Departement Economie, Wetenschap en Innovatie, or EWI) wants to communicate regularly about trends and developments in policy in the area falling within its remit. For instance, EWI staff will summarise (foreign) reports and explain important (European) decisions and initiatives and their consequences; map out a theoretical context and background; present the respective Flemish institutions active in the policy area in question; and introduce readers to a leading light in the appropriate field.
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Contributors
Contributors Rudy Aernoudt Policy Unit of the Ministry of Economy, Energy, Foreign Trade and Science, Brussels, Belgium. Richard P. Bagozzi University of Michigan, Ann Arbor, MI, USA. Simon Barnes Tanaka Business School, Imperial College London, UK. Massimo Bergami Alma Mater Studiorum, Università di Bologna, Italy. Christof Beuselinck Department of Accounting and Corporate Finance, Ghent University, Belgium. Reinhard Büscher European Commission, Directorate General Enterprise and Industry – Innovation Policy Unit, Brussels, Belgium. Bart Clarysse Operations and Technology Management Centre (OTMC), Vlerick Leuven Ghent Management School, Belgium. Dirk De Clercq Faculty of Business, Brock University, Ontario, Canada. Christian Diller Center for Entrepreneurial and Financial Studies (CEFS), Department of Financial Management and Capital Markets, Technische Universität München, Germany. Dimo Dimov School of Business, Department of Management, University of Connecticut, Storrs, CT, USA. Vance H. Fried Willam S. Spears School of Business, Oklahoma State University, Stillwater, OK, USA. Richard T. Harrison University of Edinburgh Management School, UK. Teresa Hogan Dublin City University Business School, Ireland. Elaine Hutson University College Dublin, Ireland. Christoph Kaserer Center for Entrepreneurial and Financial Studies (CEFS), Department of Financial Management and Capital Markets, Technische Universität München, Germany. Mirjam Knockaert Operations and Technology Management Centre (OTMC), Vlerick Leuven Ghent Management School, Belgium. vii Bart Clarysse, Juan Roure and Tom Schamp - 9781847204172 Downloaded from Elgar Online at 10/02/2021 02:41:51AM via free access viii Contributors Claire M. Leitch School of Management & Economics, Queen’s University, Belfast, UK. Andy Lockett Centre for Management Buy-Out Research (CMBOR), Nottingham University Business School, UK. Markus M. Mäkelä Department of Information Technology, University of Turku, Turku, Finland.
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An Assessment of Government Funding of Business Angel Networks in Flanders Collewaert, Veroniek; Manigart, Sophie; Aernoudt, Rudy
www.ssoar.info An assessment of government funding of business angel networks in Flanders Collewaert, Veroniek; Manigart, Sophie; Aernoudt, Rudy Postprint / Postprint Zeitschriftenartikel / journal article Zur Verfügung gestellt in Kooperation mit / provided in cooperation with: www.peerproject.eu Empfohlene Zitierung / Suggested Citation: Collewaert, V., Manigart, S., & Aernoudt, R. (2010). An assessment of government funding of business angel networks in Flanders. Regional Studies, 44(1), 119-130. https://doi.org/10.1080/00343400802070860 Nutzungsbedingungen: Terms of use: Dieser Text wird unter dem "PEER Licence Agreement zur This document is made available under the "PEER Licence Verfügung" gestellt. Nähere Auskünfte zum PEER-Projekt finden Agreement ". For more Information regarding the PEER-project Sie hier: http://www.peerproject.eu Gewährt wird ein nicht see: http://www.peerproject.eu This document is solely intended exklusives, nicht übertragbares, persönliches und beschränktes for your personal, non-commercial use.All of the copies of Recht auf Nutzung dieses Dokuments. Dieses Dokument this documents must retain all copyright information and other ist ausschließlich für den persönlichen, nicht-kommerziellen information regarding legal protection. You are not allowed to alter Gebrauch bestimmt. Auf sämtlichen Kopien dieses Dokuments this document in any way, to copy it for public or commercial müssen alle Urheberrechtshinweise und sonstigen Hinweise purposes, to exhibit the document in public, to perform, distribute auf gesetzlichen Schutz beibehalten werden. Sie dürfen dieses or otherwise use the document in public. Dokument nicht in irgendeiner Weise abändern, noch dürfen By using this particular document, you accept the above-stated Sie dieses Dokument für öffentliche oder kommerzielle Zwecke conditions of use. vervielfältigen, öffentlich ausstellen, aufführen, vertreiben oder anderweitig nutzen.
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EBAN Directory of Networks December, 2011
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Vlerick Leuven Gent Working Paper Series 2007/16 an ASSESSMENT
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Directory of Networks 2010
The European Trade Association for Business Angels, eban Seed Funds, and other Early Stage Market Players JPG 352 KO PDF 52398 KO DOC 98914 KO DIRECTORY A B C OF NETWORKS 2010 EBAN GOLD Sponsors EBAN RESEARCH Sponsor THE DIRECTORY OF NETWORKS IS BASED ON THE INFORMATION PROVIDED BY BUSINESS ANGEL NETWORKS MEMBERS OF EBAN IN 2010 It provides information regarding the operational characteristics of the different networks, in terms of sectors of interest, services offered to SMEs and investors, and the like. Last update: January 6 th 2011 Prepared by the EBAN Secretariat Rue Vautier 54 B-1050 Brussels T: +32 2 626 20 62 F: +32 2 626 20 69 E: [email protected] W: www.eban.org Copyright © 2010 EBAN. All rights reserved. ABOUT EBAN EBAN is the European Trade Association for Business Angels, Seed Funds, and other Early Stage Market Players . EBAN is the pan-European trade association for the early stage investment community. Set up in 1999, and based in Brussels, it reaches out through direct and indirect membership to more than 300 business angel networks in Europe. These in turn federate some 20.000 angels, and receive about 40.000 business plans a year. In 2009, EBAN opened up its full membership to early stage venture capital funds, in an effort to represent all actors involved in bridging the equity gap in Europe. EBAN brings together 112 member organizations and individuals in 28 countries today (figures as of December 1 st 2010). EBAN’s mission statement is to grow the early stage investment asset class, from 3 billion€ to 5 billion€ in the coming years, up from 1 billion€ where it was 5 years ago.
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