The British Business Angels Association ( BBAA) has announced it is to hold its inaugural conference in Birmingham.
The event is the first national forum aimed at reflecting developments in the business angel sector and the BBAA intend it to be an annual platform for the industry.
Chairman of the BBAA, Anthony Clarke, said: "TV programmes such as Dragon's Den have really raised public awareness about the potential of entrepreneurs.
"Business angels provide a fantastic combination of investment and expertise for entrepreneurs, but they are still relatively unknown amongst small and early stage businesses. Although there is more business angel activity in the UK than elsewhere in Europe, we are still far behind the States."
Mr Clarke said the city had been chosen to host the conference because of its location and its rapidly-growing business angel community.
Taking place in Austin Court on June 6 and 7, the conference will include panel discussions and key-speakers including a government minister for small business.
The event is open to anyone with an interest in the business angel market, including investors, angel backed businesses, entrepreneurs, venture capitalists, intermediaries, professionals and academics.