A group of business investors have formed the Southern Oregon Angel Investment Network to help entrepreneurs.
A group of business investors have formed the Southern Oregon Angel Investment Network to back promising entrepreneurs.
The organization hopes to break new ground in the region’s business community.
“This is exciting because it’s the first time we’ve had a group of investors who pool resources and say, ‘We believe in emerging companies, and we are going to put our money in them and see them move forward,’ ” said Ron Fox, executive director of Southern Oregon Regional Economic Development Inc.
Angel investment networks, in which entrepreneurs compete against each other for a limited amount of capital, are common across the country and already exist in Portland, Bend, Eugene/Corvallis and Hood River/Wasco counties, said Caroline Cummings, a regional representative in Eugene for Oregon Entrepreneurs Network.
Entrepreneurs gain the possibility of equity for their business plan, as well as feedback, advice and support from investors seasoned in business ventures, said Steve Vincent, Southern Oregon’s angel network founder and a regional business manager for Avista.
Read more at the Ashland Daily Tidings.
{biztweet}angel investment network{/biztweet}
