International projects

FiBAN actively participates in international projects that revolve around angel investing and sharing startup investing best practices. Yearly FiBAN is involved in 1-2 projects, in addition to an annual delegation trip where the FiBAN office and a delegation of FiBAN members visit a city to get to know the local startup investing scene.

Current projects

4NGELS is a cross border training and investment programme for business angels.

4NGELS inspires cross-border investments by improving startups’ and investors’ investment readiness and market-specific knowledge through training and cross-border syndication.

The project’s activities will focus on identifying and proposing practical solutions to eliminate obstacles for cross-border angel investments, increase investors’ knowledge and bring education about foreign markets. Various activities will serve investors to exchange experiences, network with each other, and transfer knowledge among participants. Investors will also have a chance to acquire international deal flow and co-invest with other participants. In addition, 4NGELS will include startups’ participation in training and pitching events, preparing them for international funding rounds with business angels. Read more about the project here.

Program duration and timetable

The program will begin in early 2023 and consists of 4 cross-border batches over two years. Each
batch will focus on one of 4 markets at a time. You can join all half-year’ training batches or the ones
you are the most interested in.

Joining the program is free of charge and does not come with any obligations. If you want to join the study trips and startup events, please note that the tickets are at your expense. We will inform you of further updates regarding the timeline and the program.

Spring 2023 focus on Estonia
Autumn 2023 focus on Finland
Spring 2024 focus on Slovenia
Autumn 2024 focus on Poland

For Business Angels

  • Gain knowledge on what to consider when making a cross-border investment

    4NGELS activities will focus on identifying and proposing practical solutions to eliminate obstacles to cross-border angel investments, increase investors’ knowledge and bring education about foreign markets.
  • Build your cross-border networks and deal flow

    Together we form a network of over a thousand business angels who have invested over €500m in more than 7,000 startups.
  • Study trips to Estonia, Finland, Slovenia, and Poland

    The program will run in a hybrid form and include study trips to four countries, as well as meetings and events in each of the countries.

    Sign up and keep up to date with our events and hear the updates of the program.

Program partners

The project is coordinated by Civitta, originating from Estonia.

Event schedule

  • March 15, 16.00-19.00 (EET), Tartu, Estonia
    4NGELS Kick-off at sTARTUp Day Investor Day
  • March 16, 17.00-19.00 (EET), Tartu, Estonia
    EstBAN Cross-border Angel investor gathering
  • March 22, 10.00-11.30 (EET), online
    Online session –  “How to invest in Estonia”
  • April 6, 10.00-11.30 (EET), online
    Angel Investment process and setting an investment strategy. How to choose an investable startup?
  • April 18, 10.00-11.30 (EET), online
    Angel training session for investors How to set a valuation of the startup?
  • May 4, 10.00-11.30 (EET), online
    Angel training session for financial, legal, and tech Due Diligence.
  • May 17, 14.00-17.00 (EET), online
    TOP10 startup pitch to cross-border syndicate
  • May 24 – May 26, Tallinn, Estonia
    Latitude59 StudyTrip to Estonia – Experience sharing session

For Startups

  • Apply to the program for practical knowledge and training to increase investment readiness.

    Our comprehensive curriculum is designed with feedback from experts in the industry and leading investors.
  • The opportunity to raise cross-border syndicated investment.

    The program will also allow startups and investors to work together in groups.
  • This spring the program is combined with the Latitude59 Pitch Competition 2023. 

    TOP40 companies from the applicants will get 4NGELS Pitch Training, TOP10 startups will get practical due diligence and term sheet training. 

    Sign up to get invitations to the events and be directed to Latitude59 Startup Conference startup applications.

Business Angel Knowledge for Entrepreneurs (BAKE)

BAKE aims to increase fair and successful communication between entrepreneurs and investors through training tools and guides that will teach entrepreneurs the knowledge required to raise funding and have efficient communication.

It combines the specific knowledge, skills, and competences of a diverse partners’ consortium in order to build training materials, such as an online training course and curricula, a pitch guide, a European Qualification Standard (EQS), and training for entrepreneurs about Business Angel Investment

Stay up to date with the project by subscribing to FiBAN’s newsletter.

Past projects

New Nordic Leads (NNL)

New Nordic Leads was a lead angel training and investment readiness program put together by FiBAN and Estonian Business Angel Network (EstBAN). This program was aimed at both angel investors and startups that aspired to create cross-border connections, expand knowledge and share best practices, and make an impact by being part of creating tools and materials that will be later used across Europe.

New Nordic Leads created cross-border opportunities by sharing best practices, educating lead angels, and improving startups’ investment readiness. This project was fueled by Central Baltic Interreg. The project was implemented between 06/2020 – 11/2022 and FiBAN’s share of funding was approximately 220 000 EUR funded by Central Baltic Interreg.

Check out the investment readiness and lead angel materials here.

Program duration and timetable:
Spring 2021 – Autumn 2022 (2 years)

Program partners:

Nordic Angel Program (NAP)

Nordic Angel Program (NAP) was an international cross-border training and investing program for business angels. 

NAP facilitated cross-border angel syndicates and shared angel investments’ best practices. Led by experienced local angels, NAP offered a unique opportunity to invest as a group in promising growth companies linked by leading startup events in Denmark, Estonia, Finland, and Norway.

The program partners were awarded by European Business Angels Network – EBAN with the award for Best in Globally Engaging the Early-Stage Investment and Entrepreneurial Ecosystem in 2019.

Program duration and timetable:
Spring 2018 – Autumn 2019 (2 years)

Program partners:

Interested to learn more?

Get in touch with our Training & Development Manager, Johanna Ahtiainen at johanna(at)