Waterloo Public Library Digital Collections

Waterloo Chronicle (Waterloo, On1868), 18 Apr 2012, p. 22

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â€"_â€"â€"â€"â€"-â€"â€"â€"â€"â€"â€"â€"â€"â€"-â€"â€"â€"â€"â€"â€"â€"â€"â€" ( n-waretrunurhtmrm-M-ed-i April-Meme Calling all angels I g . \ A Golden Triangle Angelnet restarts Launchpad event Brno-mic contaminants in exhaust gases to agri- The event will be important for the } OtumidtStnfl cultural supplements networking opportunities. as well as r 0 An app that helps people with helping the companies refine their ocal high~tech stanups and small writer's block, prompting them with pitches. In addition to three top prizes. l businesses looking to expand are questions there will aho be a people’s choice award learning what it's like to have an - Business cards with a QR code that votedon byallof the participants angel on their shoulder with the help of helps you log who has entered you into Robert Douglas, the president of groups like the Golden Triangle Angel- their contacts database Golden Triangle Angelnet. said they've net. a Biometrics technology for security been successful in drawing in new mem- But they’re also going to get a little and access bets because of the opportunities that taste of the devil‘s advocate as the group . A service for high quality aerial pho- exist locally. A lot of the group's mem- revivea the Launchl’ad 550.000 Venture tography and surveying using remote- bets are successful entrepreneurs them- Creation Competition on May 4, inviting controlled helicopters selves and would like to pass on what eight local startups looking for capital O A smartphone app that sends out an they've learned to promising _new busi- and businessadvicc to vie for prizes alarm if a person doesn‘t respond to the messes. The LaunchPad concept is an off- app at regular intervals (for Women Douglas said they've leveraged the shoot of a program once mn at Wilfrid walking home at night or seniors living $13 million in capital raised by their ‘ laurier University's business school for alone, etc) members and have had another $10 mil- five years. and is being relaunched as a lion invested by other angel groups and way to bring some more excitement to various levels of government. analreadyhigh-stakesproccss “Hip/m11'_\[/1(1[u'¢v ”Theimpactofwhatwe'vedoneover ' ”Given the student presence. we are , . a three-year period is about $23 million,” expecting an event with an energy level w 'l’ [11qu! t/Il/I/Ill‘ he said. “We have the distinction of that is a few notches higher than our . . . ‘ . being one of the most successful angel normal investment meetings where ”VIN" /“”’I"" ‘ "NH/1.1: networks that has been established dur- more established companies come in to “I In] I/l[\ ‘lII .’_ , ‘ '“IA HI ing that initial period in numbers of make a pitch for $200,000. $500,000 or ’ l ' l ‘ ' ‘ h ‘ members. in numbers of deals done and $1 million in funding,” said Benton “1“ w,” 1h [I ”m numberofdollarsinvested. leong, one of the 120 investors at Gold- . ‘ "We stand head and shoulders above enwemgelnfl- - rut/1110!" (Full/t liar thecmwd.” “We are expecting people to come in , g The conventional thinking was fromallovcrsouthemOntariotowatch [Hwy/rMai/lift;{lli‘ll' groupsinTorontoandOttawawouldbe and possibly to invest. Who knows if better financed and more robust under there maybeadiamondinthe roufltor _ *"‘ ”WI "" [WWI the program. But something about another 20-year-old Mhhmiiis' 1 I” , ‘ Waterloo Region's entrepreneurial ethic Think of it as the local version of ‘ " J ”H " hasdriven the program's local success. . a! F Dragon's Den. the popular CBC Show, 1 ”I“ ./,, ( .,“r”,-\[,,‘/, i\ i” The launchPad event will cement ' - which sees successful entrepreneurs ' that reputation by keeping new compa- t i 5 3 --~» . , decide on whether to invest in pitches [hp [ill/(ill and [lip nies from withering on the vine due to l- g ‘ ‘ made by brand new businesses , ‘ _ lack of investment. ' . Noideaistoooutlandishaslongas i”NINTH/NIH”it’ll. “We've nowbecometheerwyofall " fl _ .1â€"-<. you can make a proper business case the angel groups in Southern Ontario A f andgetthebigfishtobite. and I think part of it rests onour close ' , _ The selection committee for Golden connection on Communitech.’ becng Triangle Angelnet is reviewing 40 appli- said. "The fact is that we see high quality cations hoping to whittle it down to 16 opportunities coming out of this entire ‘ entries hythisweek. . The Golden Triangle Angelnet region whether its from university ~ Some of the early contenders for the launched in 2&9 under a program start- research or people starting their second final eight spots include: - ed by the Ontario Ministry of Research. or third company. called the Innovations Angel Network ‘Entrepreneurahip is in the blood and - A mobile app to help women select Program. it is now one of the largest in the culture ofthis area“ what to wear based upon the weather networks in the province and has gener- The LaunchPad $5001) Venture Cre- and occasion ated more than $13 million in capital ation Competition will be held at the o A line of coo-friendly clothing form local entrepreneurs seeking invest- new Breithaupt Block development May 0 A30 gaming platform ment opportunities in promising busi- 4. Go to mgoldenu'langleangelnetca - A "Brita-like" filter that converts nesses trying to get offthe ground. for more information or to register. 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