Economic Development
The Need
- Capital - Businesses need access to capital to fuel their growth. Banks, while ubiquitous, only provide capital to low-risk ventures. While those businesses are vital to a community, it is the high-risk ventures that hold the greatest promise of creating significant and sustained job growth. This lack of high-risk capital strangles many regions' ability to create new businesses and expand their economic base.
- Advising - Young companies lacking access to high quality advisers with entrepreneurial experience are dramatically more likely to go out of business. Such advisers possess extensive industry knowledge, connections to key people, and an understanding of what it takes to build a business from scratch.
- Training - Many entrepreneurs with viable companies cannot secure funding because they do not understand what the different funding sources are looking for, how to speak their language, or how to properly negotiate terms.
Angel Catalyst's Solution
Angel Catalyst provides a turnkey management solution that enables economic development officers to create professional, local early-stage angel funds. The company also provides educational services that teach entrepreneurs how to secure funding.