In an effort to accelerate funding for entrepreneurs, Ohio TechAngels Fund LLC and six other investors groups have formed a state chapter of the Angel Capital Association.
The national association is a network of angel investor groups that supports the funding of early-stage, high-potential business ventures. The seven Ohio groups have agreed to share due-diligence information because the capital needed by some commercial ventures is often more than one angel group can provide.
Though angel groups have shared in the past, this new initiative is expected to make the investing process simpler and faster, said Tony Shipley, chairman of Queen City Angels of Cincinnati, the oldest angel investing group in the state and a leader in the new accord.
Also See Angel Investor Network,
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