For the Investor
If you are a new or experienced investor with your eye on OKGN tech, the OKGN Angel Summit is a great opportunity to plug in. This investor-led program was designed to expose accredited investors to the world of angel investing through a guided, hands-on process where a small venture capital fund is raised, deals are screened, and an actual investment in a startup is made.
Participants will go through an 11-week series of structured investor meetings including company reviews, founder pitches, and due diligence. The culmination is a public event where the finalist companies make their pitch, and the winner is awarded investment from the fund.
The Summit launches on January 28th, 2019 and will consist of twenty to forty investors each willing to invest 11 weeks and $5,000, to create a venture capital fund. Twenty to forty startups will apply to pitch, engage with the investors and receive feedback from the group. Additionally, companies who make it through to the semi-finals will receive mentorship from AO’s EIRs.
In the end, 6 finalists pitch to an audience of community members at the April 11, 2019 finale, with the winner receiving an investment from the fund. The goal is to invest a minimum of $100,000 in the winning startup.
The cost to participate in the OKGN Angel Summit as an investor is $5,500. This includes a $5,000 investment in the fund and $500 used for legal and administrative costs. Investors must qualify as accredited (this is defined by the BC Securities Commission). The Fund Manager will have the final decision as to the participation of any investor in the fund.
The program will be conducted over an 11-week period starting in late January 2019. Participating investors need to commit to attending substantially all of the sessions. While occasional absences are understood, the value, both individually and for the collective, is derived from active participation.
OKGN Angel Summit is an event powered by the team at Accelerate Okanagan. Looking to connect? We LOVE connecting!
Connect with our Programs Manager, Thuy Tran, by using the contact form provided here.
Or visit us in person! Come find us on the second floor of the Innovation Centre, located in Kelowna, BC.