Q&A: Mike Hanna of BioAngels, New Medical Technology on Raising Funds
12/14/2005 4:55:00 AM - IVCA

To read the article please click: illinoisvcnews.com

ABOUT BIOANGELS

• BioAngels is a not-for-profit corporation whose mission is to facilitate investment in startup and early-stage medical and life sciences businesses in the Midwest.
• BioAngels holds dinner meetings approximately every other month at which two or three companies make dinner presentations. Also, at most dinners there will be a pre-presentation talk on a relevant topic, such as investing terms, patents, DNA, distribution alternatives, etc.
• Members receive the benefit of reviewing pre-screened investment opportunities in an environment of shared interest, cooperation and camaraderie. For membership information, see “Membership.”
• The BioAngels Screening Committee is composed of members who are industry experts, and includes renowned scientists, physicians, venture capitalists and high level executives who have extensive experience in supporting, managing and/or investing in early-stage life sciences companies.
• Presenting companies must be early-stage life science or medical device businesses located in the Midwest who are seeking seed investment, meaning generally up to $1 million. To apply to be a presenting company, please see “Presenting Company Application” below.
• BioAngels is not a fund, nor does BioAngels represent investors or companies seeking financing. BioAngels does not receive a percentage of funds raised or any other sales or brokerage commission. BioAngels is supported wholly by membership dues, dinner admittance fees, presenter fees and sponsorships.

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