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Start-ups Face a Funding Crisis

← Back to Blog | January 11th, 2010 by philipletts | View Comments

The blur Group blog has just written a great article, mentioning Innovatrs, on ‘Start-ups Starving for Investment; A Western Crisis’.

We quote: ‘The western world is still in crisis. Following the financial tsunami of 2008/9 the West faces another emergency. As the dust settles on the economic meltdown it is becoming clear that not only did we strangle our recent start-ups, but there is no capital around for the new ones. Banks are still not lending to new businesses and Venture Capital firms are focusing on later stage investments. There is almost no institutional, early stage, risk capital available but the world needs start-ups now more than ever.’

To read the rest of the article click here.

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