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Timmins to host business pitch event this October

Four companies will present their business cases before a panel of investors
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Four Timmins businesses will vie for the attention of angel investors during the city’s fourth annual business pitch event being held this October.

Co-hosted by the Northern Ontario Angels (NOA) and the Productivity and Innovation Centre (PIC), the event will take place Oct. 3 at Collège Boréal.

The entrepreneurs presenting to a panel of investors include: 

  • TruckBuddy: a device that screws onto the end of a broomstick to help get items into and out of the bed of a pickup truck;
  • AJ’s Plumbing: the company provides plumbing, heating, air conditioning and ventilation services to Iroquois Falls and the surrounding area;
  • IRegained: a medical device that helps stroke victims recover the use of their hands; and
  • DewAir: the company manufactures dehumidifiers.

“Partnering with the Northern Ontario Angels to co-host investor pitch events provides our entrepreneurs with further options to help with business scale-up and product launch,” said Ross MacDonald, a business development specialist with PIC, in an Aug. 20 news release.

“Often it is difficult for entrepreneurs to secure financing from traditional sources, particularly for early-stage development. Angel investors are willing to take greater risks for greater rewards.”

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The organization has held similar pitch sessions in Sudbury, Thunder Bay, Kenora, Sault Ste. Marie and North Bay.

As of June 2019, NOA has closed 293 deals with a total value of $403,984,200, with investors contributing $131,270,000. Those investments have resulted in the creation of more than 2,200 full-time and 1,020 part-time positions, and the retention of 1,201 full-time jobs 340 part-time jobs.

In June, NOA was named the top angel investment organization in North America by the National Angel Capital Organization. 




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