New Micro Angel Fund Starting in North Carolina

July 2, 2007 by Chuck | 0 Comments

Potential business start ups in North Carolina that focus on technology may be able to find help from the Inception Micro Angel Fund…

The North Carolina Small Business and Technology Development Center (SBTDC) announced a new plan to make capital available to entrepreneurs and begin building a stronger early-stage investment industry. In 2003, SBTDC launched the Inception Micro Angel Fund (IMAF) in the Piedmont Triad area of North Carolina, with an investment zone that included Greater North Carolina and selected areas of South Carolina and Virginia. SBTDC now plans to build on the success of IMAF-Triad by creating a statewide network of six angel funds that will provide capital to new businesses in every part of the state. The new funds will be able to provide local support for nascent businesses and improve the stream of promising mid-to-late-stage companies for venture capital investment. This family of seed-stage funds will target technology-based companies and will provide mentoring, counseling, and networking opportunities to their investees. To learn more about the new angel network, go to http://www.inceptionmicroangelfund.com.

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