Indiana is booming with funding for emerging companies.
Techpoint, a trade association for high-tech business in Indiana, has formed a new angel fund, appropriately named HALO, or Hoosier Angels Looking for Opportunities.
An investor familiar with the effort spoke to area entrepreneurs at the Northeast Indiana Innovation Center in February.
About 50 entrepreneurs heard Dave Doyle, the angel investor from the Indianapolis area, compare the angel investment approach with that of venture capitalists, who were represented in the discussion by Gene Cavanaugh, a vice president with 1st Source Equity Capital.
The event was organized by the Investment Center for the Advancement of Regional Entrepreneurship (I-CARE). The center was established to team professionals from 1st Source and other area financial institutions with mentors at the NIIC to provide business finance assistance to its clients and other area entrepreneurs.
Those 50 entrepreneurs, and many more, are are their way to angel funding heaven.
Also see: Business Plans for Angel Investors
Monday, March 10, 2008
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