Navigation Links
Statewide Network of Angel Investor Groups Announced in Alabama
Date:2/6/2012

HUNTSVILLE, Ala., Feb. 6, 2012 /PRNewswire/ -- The Angel Investor Management (AIM) Group announced today the formation of the Central Alabama Angel Network (CANN) to serve the capital needs of entrepreneurs and investors in a seven-county region.

"The Angel Investor Management Group is bringing together a single network of angel investor groups in Alabama. By banding together to share the expenses of operations, the economies of scale will work to benefit all," said AIM Group CEO Dick Reeves. "In this way we expect to increase the number and quality of investment opportunities available to investor members, and to speed up the process for entrepreneurs seeking capital for their companies. The result for Alabama will be increasing angel capital availability to early-stage companies throughout the state."

The AIM Group will manage all aspects of the CANN operations including: deal flow, due diligence, investment negotiation, member meetings, investment closings and long-term portfolio management. Each local angel investor network managed by AIM Group will be led by a member-elected local board of directors and a local executive director employed by AIM Group. All members of local networks managed by AIM Group will have the opportunity to invest in companies that successfully complete AIM Group's due diligence.

About AIM Group
Organized angel groups, like those managed by the Angel Investor Management (AIM) Group, provide $250,000 to $1 million to startup and early-stage companies engaged in providing products in fields such as information technology, medical devices and instruments, web-based services, mobile data services, software and biotechnology. Approximately 265,000 high net-worth individual angel investors invested $20 billion in 62,000 companies in 2010. These companies are estimated to have generated more than 5 percent of the new jobs in the U.S. that year. 

AIM Group CEO Dick Reeves has successfully managed Huntsville Angel Network since its founding in 2005. The HAN's 125 participants have invested $11 million in nine companies. AIM Group COO Jim Corman is a successful serial entrepreneur and longtime individual angel investor, and is currently an instructor and executive in residence at Auburn University College of Business. AIM Group CFO Clay Corman is an entrepreneur with experience in private equity and small company valuation, and is currently serving as the executive director of the Auburn Angel Network.


'/>"/>
SOURCE AIM Group
Copyright©2010 PR Newswire.
All rights reserved

Related biology technology :

1. Pennsylvania Partnerships Address Statewide Nursing Shortage
2. The West Michigan Science & Technology Initiative is Named Statewide Reviewer for Life Science Funding Requests Through New Program
3. Self-assembling nanorods: Berkeley Lab researchers obtain 1-, 2- and 3-D nanorod arrays and networks
4. ConnectBiotech.org Launched, a Unique Life Science Business Networking Site
5. CellerateRX® Added to List of Preferred Products for Golden Living Healthcare Network
6. International Attendance for Networking and Education at Informex Beyond Manufacturing
7. New England Research Institutes (NERI) Announces Additional $45M NIH Grant to Support the Pediatric Heart Network
8. Coloredge New York - Los Angeles Joins DuPont™ Tyvek® Graphics Authorized Printer Network
9. St. Lukes Hospital & Health Network Selects CareTech Solutions to Provide Proactive Monitoring of Hospital IT Infrastructure
10. Diversity Alliance for Science to Host Fourth Annual Networking Conference and Expo
11. CBI Announces Partnership With Childrens Rare Disease Network and The Global Genes Project
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/4/2016)... , February 4, 2016 - New FDA action ... - New FDA action date of July 22, ... July 22, 2016   - ... in the past decade indicated for the treatment of signs and symptoms of ... has the potential to be the only product approved in the U.S. in ...
(Date:2/4/2016)... Beike Biotechnology, the Shenzhen ... ceremony in late 2015 to mark their successful combined ... --> --> The ... Cell Therapy" was hosted by the Shenzhen Cell Bank ... of Beike Biotechnology Co., Ltd. Shenzhen,s ...
(Date:2/4/2016)... EDISON, N.J. , Feb. 4, 2016 ... company focused on the development and commercialization of targeted ... BIO CEO & Investor Conference 2016, to be held ... and Source Capital Group,s 2016 Disruptive Growth & Healthcare ... on February 10-11, 2016. James Sapirstein ...
(Date:2/4/2016)... 4, 2016 Strasbourg, France ... --> Strasbourg, France , to the ... PharmaVentures is pleased to announce that it acted as an ... unit in Strasbourg, France , to the ... --> --> Transgene (Euronext: TNG), a member ...
Breaking Biology Technology:
(Date:2/1/2016)... 2016  Today, the first day of American Heart ... develop a first of its kind workplace health solution ... In the first application of Watson ... ), and Welltok will create a new offering that ... analytics, delivered on Welltok,s health optimization platform. The effort ...
(Date:1/28/2016)... Synaptics (NASDAQ: SYNA ), a leading developer of human interface ... 31, 2015. --> --> ... percent compared to the comparable quarter last year to $470.5 million. ... million, or $0.93 per diluted share. --> ... of fiscal 2016 grew 9 percent over the prior year period ...
(Date:1/25/2016)...   Unisys Corporation (NYSE: UIS ) today announced ... International Airport, New York City , to help ... to enter the United States using passports ... pilot testing of the system at Dulles last year. The ... during January 2016. --> pilot testing of the ...
Breaking Biology News(10 mins):