Business angel high-technology investing in Southeast Asian emerging economies: Myth or reality?

Abstract

This paper provides an overview of the investment strategies of business angels in the emerging Southeast Asian economies of Thailand and the Philippines. We specifically analyze the investment focus or lack of focus of business angels on innovative, high-technology, early-stage ventures. Business angels in our sample are different from Western investors by focusing relatively more investments on low-tech industries. Investment strategies also differ between Thailand and the Philippines.