North Coast Angel Fund, Angel Investor Group in Cleveland, Ohio

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As Ohio's foremost angel capital, the North Coast Angel Fund (NCAF) aims to proliferate the growth of start-up ventures by providing seed equity investment and professional mentoring to fledgling entrepreneurs in the region. With management efficiency and organizational discipline, the network strives to develop a stable relationship between early-stage companies and private investors particularly on technology-based enterprises. In addition, the Fund is accessible to businesses with scalable market and high growth potential that can provide diverse opportunities to Ohio's citizenry.

The Fund is managed by some of the most influential entrepreneurs, virtuoso investors, and ace leaders in business today who are all committed in upsurging the growth of emerging ventures in Ohio. Members actively participate in screening potential start-up members, the due diligence process, and deal closures. In between these tasks, members guide their start-up members in making decisions and coming up with marketing strategies to ensure a significant return on their investments. NCAF members likewise leverage their resources to fully assist in the development and success of new enterprises. Above all, the Fund investors aims to foster a favorable environment in its portfolio companies and qualified start-up members.

To be specific, the Fund focuses on technology enterprises from IT, biosciences, power propulsion, electronics and controls, and advanced materials industries. NCAF also considers investment in other industries as long as the proposals submitted are well-articulated and compelling enough to deserve a seed capital. Typical investment is from $200,000 up to $300,000. As NCAF builds strong partnership with various angel groups and venture capitalist firms across the region, start-ups that need investment more than $1M are supported by the Fund's syndicate networks. Follow-on funding depends on the criteria and qualifications set by the angel organizations and VC firms.

Aside from the investment criteria mentioned above, the Fund also seeks enterprises with well-defined marketing plans and exit strategy to support its business. The entrepreneur should also have a grasp of his product or service and its target market scalable to different consumers. Furthermore, the venture must be administered by a competent management team with strong business qualifications.

How does the investment process go? Interested entrepreneurs must submit their executive summaries online based on the criteria stipulated on the website. The Screening Committee, comprised of five select members, reviews the proposals sent to the group after all requirements are met including the $300 processing fee. Shortlisted entrepreneurs are notified to present in one of the group's meeting. Accordingly, members provide feedback and suggest areas of improvement on each proposal. Due diligence and funding are determined by suffrage and agreement is signed between the entrepreneur and NCAF regarding deal closure.

North Coast Angel Fund Website

The North Coast Angel Fund website provides useful articles on angel investing and entrepreneurship. As a regional support group in Ohio, NCAF clearly states its mission statement on the site's home page. The network's commitment to its members and start-up members, management team profiles, and elite sponsors are likewise included in a separate folder. Furthermore, potential start-up members are guided by a clear set of funding criteria on how their proposals are evaluated by the Fund's Screening Committee. The investment process and approach are thoroughly explained as well.

The site boasts with a huge library of resources. Articles about NCAF's portfolio companies and current industry news are accessible to browsers. Same goes with the group's press releases that are available to the viewing public. Moreover, quick links to various angel groups, VC firms, and related organizations are beneficial to both investors and entrepreneurs who are navigating the site. Looking for answers to general questions about angel groups and NCAF's operations? Better visit the FAQ page. The answers provided are sufficient and useful.

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