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North Coast Angel Fund
A contributed capital and "sidecar" pre-seed investment fund with a focus on early stage technology investments, North Coast Angel Fund (NCAF) targets industries such as biosciences, advanced materials, electronics and controls, information technology, and energy and power/propulsion.
The fund looks for opportunities which offer significant growth potential and leverage the core technical resources of Northeast Ohio. Young companies looking for investment through NCAF must confront an addressable, unmet market need; offer compelling and sustainable competitive differentiation; have an experienced management team and are open to mentoring and coaching; and have a credible and defined exit strategy and potential for a competitive return on investment.
The typical NCAF initial investment is $250,000, with $200,000 held in reserve for possible follow-on investment. Portfolio companies may also receive unique mentoring and coaching benefits and the opportunity to leverage the NCAF members’ considerable industry experience, functional expertise and personal networks.
For more information, contact Barbara Morgan at 800.975.5846.