Northern Ontario Angels (NOA) has hired consultants in Kenora and Timmins to help entrepreneurs in those areas find investors who can help to start up their operations or launch innovative business ideas.
As a not-for-profit organization, NOA connects Northern businesses with investors and provides networking opportunities and resources to support successful business ventures. It also has consultants in Sudbury, Thunder Bay and Sault Ste. Marie.
The expansion to their operations comes thanks to an announcement of $150,000 in funding from the provincial government.
"Our investment will support business expansion, create jobs and bring more business dollars to Northern communities," said Greg Rickford, minister of energy, Northern development, and mines, in a Nov. 9 news release.
"Northern entrepreneurs have a reputation for developing world-class products and delivering innovative services. Northern Ontario Angels provides important support to help build on their success while sending a strong signal that Ontario is open for business"
NOA’s executive director, Mary Long Irwin, expressed gratitude for the funding support, noting the funds would allow a greater number of connections between entrepreneurs and investors in Northern Ontario.
“Accessing the investment market can be challenging and today's investment will strengthen businesses in Kenora and Timmins," she said.