Credit crunch slowing innovation

The last few years has seen a resurgence of individuals putting their mobile ideas on on the commercial rack.

Many heavily invested their own money and time buoyed up by optimism and favourable initial reactions.

Unfortunately the credit crunch, and especially an inability to raise new cash against property, has made many investment angels reticent to take risks.

Allaboutsymbian reports the demise of Mowser, developed by Russell Beatie, a potentially elegant solution to mobile content adaptation but which needed nurturing.

Angels are an important part of bringing on young inexperience businesses, but with their disappearance many great products may wither.