Amount:

$2,000,000

Type of Program:

Investment


Description:

Southwestern Ontario Angel Group provides venture financing between $200K to $2M along with help from a pool of over 200 experienced successful business leaders and entrepreneurs.

Comments on Funding:

Funding is generally between $200K to $2M.


When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must be companies:

  • With annual revenues of at least $100K or high likelihood of closing sales to a strategic customer within three months
  • With an addressable market size of at least $100M annually
  • Which uses innovative technology to scale customer and revenue growth rapidly and presents clear advantages over competitors, whether in technology, products, or market approach,
  • Located in Ontario, with preference for southern Ontario,
  • Three years or less from date of incorporation, with exceptions for companies with a major pivot.
  • be in all industry sectors, except pharmaceutics.

Applications Steps:

1

create an online account in order to apply,

2

provide a concise summary of their company and the investment opportunity by completing an application on the online portal, Dealum

3

upload a copy of their investment pitch deck.

4

Six companies will be invited to present in person to the joint Selection Committee between 1pm and 5pm on the first Thursday of the month. If invited, companies are given a seven-day notice prior to their meeting with the committee. If their company is not invited, they will be notified accordingly.

5

At each Selection Committee meeting, two to four companies will be selected to present to the three angel groups. Companies that pitch well but for whom there are no further slots for presentation to the investors that month may be scheduled in the following month.

6

If selected, applicants will be invited to present during the third week of that month. They will present to Angel One in Burlington on Tuesday morning, to GTAN in Kitchener on Tuesday evening, and to SWO Angels in London on Thursday morning.

7

Following the presentations, interested investors from all three angel groups will meet with you during the 2-3 hour Deeper Dive meeting scheduled the following week. These Deeper Dive meetings will take place from 2 PM to 4 PM from Monday to Thursday. When applicants receive their invitation from the Selection Committee, they will be told the date for their Deeper Dive meeting. The meeting will be hosted by the angel group with the largest number of investors interested in the company. Investors from other angel groups are expected to attend in person to that initial meeting but accommodations will be made to include all interested investors.

8

To facilitate due diligence (DD) efforts, applicants should have a secure data room with DD information to be shared with investors interested in their company. Google Drive or Dropbox are recommended for hosting the data room. A DD checklist will be provided.

9

Due diligence prior to closing a deal normally takes two months. Applicants can accelerate the process by having all information readily available and by being responsive to the needs of the due diligence team. If applicants are unavailable to participate in an active due diligence initiative, they may wish to reconsider applying for funding until they can give the activity their uninterrupted attention.

Documentation Needed:

Applicants must upload a copy of their investment pitch deck.

Other Things to Note:

ANGEL GROUPS IN THE ALLIANCE:

  1. 1
    Angel One (Burlington),
  2. 2
    GTAN (Waterloo Region),
  3. 3
    SWO Angels (London).

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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