Wednesday, October 18, 2006

Friday 10/27 is the Deadline for Angel Fund Proposals

Next Friday, October 27, is the deadline for submission of proposals to Innovation Works to run the new Pittsburgh Angel Fund. The Fund was announced on August 28. Innovation Works, the Pittsburgh Life Sciences Greenhouse, Carnegie Mellon University, the University of Pittsburgh and the Pennsylvania Department of Community & Economic Development have committed a combined total of $2 million to create the Pittsburgh Angel Fund and to attract a qualified fund manager.

This Fund will help address a critical need in the Pittsburgh Region, namely, more early-stage capital for entrepreneurs. Step #1 will be getting good proposals next Friday. Step #2 will be getting additional investors in the Fund.


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