Angels in British Columbia

Posted: 13 Mar 2012

See all articles by Josh Lerner

Josh Lerner

Harvard Business School - Finance Unit; Harvard University - Entrepreneurial Management Unit; National Bureau of Economic Research (NBER)

Thomas F. Hellmann

University of Oxford - Said Business School; University of Oxford - Said Business School

Ilkin Ilyaszade

University of British Columbia (UBC)

Date Written: May 5, 2011

Abstract

The case study provides an overview of the angel investment practices and describes government policies towards angel and venture capital investing in British Columbia, Canada. It focuses in particular on the Equity Capital Program (BCECP henceforth), which provides tax credits to private equity investors that meet several eligibility criteria. The case study is written from the point of view of a policy maker, with a perspective on the entire ecosystem. It provides an overview of the existing structure of the tax credit program, its history, and the lessons learned to date. It discusses the current challenges faced by policy makers wanting to further improve the program.

Learning Objective: 1. To provide the students with a basic understanding of angel investing. 2. To explore the challenges associated with maintaining a viable tax credit system. 3. To determine the appropriate changes governments can make to promote increased angel investing.

Suggested Citation

Lerner, Josh and Hellmann, Thomas F. and Ilyaszade, Ilkin, Angels in British Columbia (May 5, 2011). Harvard Business School BGIE Unit Case No. 811-100. Available at SSRN: https://ssrn.com/abstract=2020660

Josh Lerner (Contact Author)

Harvard Business School - Finance Unit ( email )

Boston, MA 02163
United States
617-495-6065 (Phone)
617-496-7357 (Fax)

HOME PAGE: http://www.people.hbs.edu/jlerner/

Harvard University - Entrepreneurial Management Unit

Cambridge, MA 02163
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Thomas F. Hellmann

University of Oxford - Said Business School ( email )

Park End Street
Oxford, OX1 1HP
Great Britain
+44 (0)1865 288937 (Phone)

HOME PAGE: http://www.sbs.ox.ac.uk/community/people/thomas-hellmann

University of Oxford - Said Business School ( email )

Park End Street
Oxford, OX1 1HP
Great Britain
+44 (0)1865 288937 (Phone)

HOME PAGE: http://www.sbs.ox.ac.uk/community/people/thomas-hellmann

Ilkin Ilyaszade

University of British Columbia (UBC) ( email )

2329 West Mall
Vancouver, British Columbia BC V6T 1Z4
Canada

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