Overview

Due to entrepreneurs' lack of knowledge about business angels, relationships between entrepreneurs and investors can be ineffective and frustrating for both parties. In addition, conflicts can arise during these relationships due to different perceptions of the venture, expectations and contractual agreements. This leads to tensions, misunderstandings and an imbalance of control and power between entrepreneurs and business angels, which affects the performance of the venture, the innovativeness of the company and the trust in the cooperation of the partners. Given this situation, the European project BAKE will develop a toolkit for both profiles (entrepreneurs and investors) with fair and balanced guidelines, training materials, vocabulary usage and case studies. Thus, the general objective of the BAKE project is to increase the knowledge of VET students, entrepreneurs, start-ups and the training sector about funding schemes to ensure the acquisition of knowledge and skills.