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:6/24/2016)... ... June 24, 2016 , ... While the majority of commercial ... Cary 5000 and the 6000i models are higher end machines that use the more ... the spectrophotometer’s light beam from the bottom of the cuvette holder. , FireflySci ...
(Date:6/23/2016)... , ... June 23, 2016 , ... ... release of its second eBook, “Clinical Trials Patient Recruitment and Retention Tips.” Partnering ... retention in this eBook by providing practical tips, tools, and strategies for clinical ...
(Date:6/23/2016)... CAMBRIDGE, Mass. , June 23, 2016 /PRNewswire/ ... the development of novel compounds designed to target ... compound, napabucasin, has been granted Orphan Drug Designation ... in the treatment of gastric cancer, including gastroesophageal ... cancer stemness inhibitor designed to inhibit cancer stemness ...
(Date:6/23/2016)... SILVER SPRING, Md. , June 23, 2016 ... evidence collected from the crime scene to track the criminal ... sick, and the U.S. Food and Drug Administration (FDA) uses ... Sound far-fetched? It,s not. ... whole genome sequencing to support investigations of foodborne illnesses. Put ...
Breaking Biology Technology:
(Date:5/12/2016)... DALLAS , May 12, 2016 ... has just published the overview results from the Q1 ... of the recent wave was consumers, receptivity to a ... wearables data with a health insurance company. ... choose to share," says Michael LaColla , CEO ...
(Date:4/28/2016)... -- First quarter 2016:   , Revenues ... first quarter of 2015 The gross margin was 49% ... and the operating margin was 40% (-13) Earnings per ... from operations was SEK 249.9 M (21.2) , Outlook ... 7,000-8,500 M. The operating margin for 2016 is estimated ...
(Date:4/15/2016)... CHICAGO , April 15, 2016  A ... companies make more accurate underwriting decisions in a ... offering timely, competitively priced and high-value life insurance ... health screenings. With Force Diagnostics, rapid ... and lifestyle data readings (blood pressure, weight, pulse, ...
Breaking Biology News(10 mins):