GROSSE POINT ? Several dozen angel investors from Michigan and Ontario gathered in June at the residence of Roy Norton, the Canadian consul general in Detroit, to listen to pitches from four startups and to explore how they could work together to promote the region. The event was co-hosted by Great Lakes Angels.
Consul General Norton gave a short talk about his duties and how he hopes to connect more Michigan companies and investors with their Canadian counterparts. A buffet dinner was then offered, along with a selection of Canadian beers and wines, in the home?s plush garden.
Before dinner, pitches were presented from four companies, two Canadian and two American. Those companies were:
Blaze Medical Devices LLC
Branam Oral Health Technologies
Luvali
MyWclub
Angel investors are high net worth individuals who invest in promising companies. Great Lakes Angels? focus has been on technology or Internet-related companies. Personal funds can be placed in to the early stage company at levels from $50,000 to $250,000. This is typically ?seed? money and before any Venture Capital investors.
Great Lakes Angels Chairman David Weaver said his group works with investors in Ontario as well as Ohio and is looking for more high net worth individuals to join his group.
For more information, click on GLAngels.Org
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