Four Timmins businesses will vie for the attention of angel investors during the city’s fourth annual business pitch event being held this October.
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.”
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.