Georgian Angel Network – GAN Xcelerate Fund

Description:

The GAN Xcelerate Fund (GXF) is a fund of $300,000 set up as a limited partnership of 16 GAN members that will invest up to $30,000 in 10 start-up companies over 2 years.

Comments on Funding:

Funding is up to $30,000.

Eligibility:

Applicants must:

  • be startup companies in the Barrie, Simcoe, Grey, Muskoka ecosystem;
  • be “Angel Ready” in 6 – 12 months;
  • demonstrate a product that provides a solution to a painful problem, with a large addressable market;
  • provide a technology-based transformation of processes, products or services in the food, agricultural, manufacturing, consumer products, environmental and business process sectors;
  • have unique, high-quality deal flow to GAN for angel investment: strong founders, transformational product, well developed plans and a large addressable market;
  • have founders who appreciate the mentoring and support of their initial investors;
  • provide high ROI for high-risk pre-angel investment.

Other Things To Note:

GXF will be investing in 5 companies during each of 2019 and 2020. The deadline for 2022 was announced in January 2022.

Program Contact:

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    GAN Xcelerate Fund – Georgian Angel Network

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