Business men form So. Ore Angels

Area investors recently formed the Southern Oregon Angel Investment Conference 2011 LLC to accept business plan submissions from emerging growth companies seeking seed-stage financing. Companies who qualify should submit for a chance at winning a minimum investment of $125,000 from the investors. The winner will be announced at the Southern Oregon Angel Conference in Medford on March 9, 2011 at the Rogue Valley Country Club.

Emerging growth companies headquartered in Oregon or Northern California seeking between $200,000 and $2 million in investment capital are encouraged to apply at www.southernoregonangelinvestors.com. Business plans will be accepted Nov. 1, 2010 through Jan. 7, 2011. An early-bird discounted application fee of $99 is available until Dec. 15, 2010 when the fee increases to $149. All paid applicants will receive a complimentary registration to the conference.

Benefits to submitting to the Southern Oregon Angel Conference include1) the potential to win a minimum $125,000 investment, 2) gain exposure to angel investors and venture capitalists, 3) connect with entrepreneurs and service providers who can help grow start-ups, and 4) attend a Pitch Clinic on Jan. 19, 2011. 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 initiative is being lead by Tom Becker, managing member of the LLC and Steve Vincent, Avista Utilities Oregon regional business manager and SOREDI board member.

“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 Becker.

“As we consider our region’s economic development strategies, access to capital is a problem. This LLC and the investment conference is a facilitated conversation between investors and entrepreneurs. This annual competition and associated conference is an emerging tactic in our regional locally-grown business development strategy,” Vincent said.

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 a $125,000 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.southernoregonangelinvestors.com. Submit your business plan now. Registration closes at midnight, January 7.

 

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