Angel One Network – Investment

ByMaurice

Description:

Angel One Network invests in start-up and growth stage companies across Ontario.

Comments on Funding:

No other details available.

Eligibility:

Applicants must:

  • be early stage companies;
  • be based in Ontario with valuations of $6 million or less;
  • companies in which there is a clear and reasonable expectation of an appropriate return on investment.

7 things angels look for:

  • teams of high-quality entrepreneurs with a track record of leadership and performance – either in the company’s specific industry or in prior entrepreneurial ventures;
  • Companies that provide solutions to a problem with a large potential market (i.e. a $100+ million market). The company must demonstrate a strategy to claim significant share of this market (i.e. 20%+).
  • Funds must be used to accelerate your company’s achievement of key milestones that increase the company’s value.
  • Companies that demonstrate a plan to generate significant profits beyond the initial product idea.
  • Companies with proprietary features that distinguish them from potential competitors or provide barriers to entry that prevent other companies from capturing their customers with a similar offering. Attributes that convey competitive advantage include intellectual property protection, exclusive licenses, exclusive marketing and distribution relationships, strong brands, scarce human resources (i.e. knowledge and skills), and access to scarce raw materials.
  • There must be a fit between investors and the applicant’s idea.
  • Angel investors typically prefer to invest in first-of-a-kind new ideas, rather than incremental enhancements to common products and services. The concept behind the technology must be proven and verifiable. Few investors support science projects therefore project needs to demonstrate a clear path to commercialization. Any breakthrough innovation must be accompanied by a strong business plan.

Applications Steps:

Applicants must:

Once a company has been approved by Angel One staff it will be brought forward to the screening committee.
The top 6 companies will be invited to present in front of the screening committee at a meeting held the first week of every month. The group will narrow down the selection to 2-to-4 companies. The selected companies will be invited to present in front of the 3 angel groups at their monthly investment meetings, which are held the 3rd week of every month.

Documentation Needed:

Applicants must complete the online application form.

Other Things To Note:

  1. Angel One Network holds 10 Angel One member meetings each year – where early stage and growth companies present their proposals.
  2. Angel One Network is a founding Joint Venture partner along with the Golden Triangle Angel Network (GTAN) in Waterloo and the Southwestern Ontario Angel Group (SWO Angels) in London to form Equation Angels, one of Canada’s largest angel networks. The Windsor Essex Capital Angel Network (WECAN) joined the Equation Angels team in 2020.

Program Contact:

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    Entrepreneurs – Angel One Investor Network

    About the author

    Maurice

    Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Ontario to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

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