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.