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Southern Oregon Regional Economic Development, Inc. (SOREDI) / News

Southern Oregon Angel Investment Network Gearing Up For 2013 Investment

The Southern Oregon Angel Investment Network is launching its 2013 round of seed capital funding for entrepreneurs and startup companies estimated at $200,000.
  
Angel investors will award an estimated $200,000 at the April 11, 2013 Southern Oregon Angel Conference to one or more Launch Stage companies. The Angel Network is currently accepting business plans from Oregon and northern California companies. The deadline for applications is January 31, 2013. Applications are accepted through www.gust.com, a web-based platform that has become standard practice for many of the Angel Networks throughout the country. Applicants can find more information, including directions for submitting through Gust, as www.soredi.org.
 
Companies located in northern California should be aware, the Oregon Treasury is a $50,000 non-voting institutional investor requiring its amount be invested in Oregon. Should the investors choose an out-of-state company, the award will be reduced by this amount. For local applicants, the Sustainable Valley Business Incubator has also pledged one year of incubation, valued at $5000.
 
Launch Stage Companies are characterized by having completed their business plans, overcome the bulk of their technology issues, engaged in beta testing or limited rollout. Scalable, emerging companies and those in need of expansion capital seeking $200,000 to $2 million should apply.
 
Investors are also considering Concept Stage companies for a Growth Grant. The Grant opportunity includes $2500 cash and mentorship through the Sustainable Valley Business Incubator. The total value of the Grant is $7,500.
 
Concept Stage companies are those that have a fully form business concept. Entrepreneurs may still be working on technology and/or proof of concept. Concept Stage companies are typically pre-revenue. Those businesses needing a short-term infusion of cash and expertise in order to reach the next step, should apply.

After investors’ review of all applicants through February and March, five Launch Stage and five Concept Stage companies will be selected to present at the Southern Oregon Angel Conference on April 11, 2013 at Bigham Knoll in Jacksonville. The event, hosted by SOREDI, will be the culmination of weeks of development, coaching and due diligence by the investor group and SOREDI’s dedicated TAG Team, to give each company the best shot at launching a successful business.
 
In 2011 the angel network invested $300,000 in Folium Partners and then $160,000 in Montrue Technology in 2012. The goal for investors in 2013 is $200,000, which is a stretch goal, according to angel network founder Steve Vincent.
 
“At $5,250 per unit in the angel network this is a fairly low threshold for entry by many of our region’s high net-worth individuals. Right now we have nearly 100 investors looking at this with 40 participating in the last two years. We’ve got to have at least 20 new investors participate to reach our goal by early 2013,” said Vincent.
 
Benefits to companies that submit a business plan are enormous. In addition to the potential to win an estimated $200,000 investment for Launch Stage companies or an equivalent $7,500 for Concept Stage companies, all the applicants gain exposure to angel investors and venture capitalists, and plug in to peers, resources and mentors prepared to help them grow their start-ups. Finalists will receive hands-on coaching from investors and an invitation to a VIP Reception the evening before the conference to meet with the members of the LLC, peers, and major sponsors/supporters of entrepreneurship and innovation.

This year’s angel network is being led by Linda Ganim, owner of CFO Solutions.
 
“Depending on the number of accredited investors who join the LLC, the investment prize could grow or we may make a second investment. This will depend on the investment quality of the companies that apply. We’re looking for the region’s best and brightest entrepreneurs who are starting companies with high growth potential. We’ll expect superior quality as we conduct due diligence on each applicant. The top applicants and the winning company will gain access to seasoned business veterans who have depth of expertise across many sectors and many disciplines,” said Ganim.
 
About the Southern Oregon Angel Conference
The Southern Oregon Angel Conference is an investor conference, connecting early stage and seed businesses with angel and venture investors in southern Oregon. Its mission is to encourage, accelerate and showcase start-up companies. Entrepreneurs and start-ups can submit their business plans for review and coaching, ultimately vying for an estimated $200,000 investment prize. The competition is expected to have real economic impact in southern Oregon, generating new business and jobs using local entrepreneurs, talent and intellectual property.

For more information visit www.soredi.org. SUBMIT your business plan now. Registration closes at Midnight, January 31!!





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