Matching up with ‘angels’. Colorado group looking for biotechs in search of money
The state’s technology incubator and biotech industry groups are launching a program to match angel investors with startup biotechnology companies to keep either from having to look outside Colorado for opportunities.
Starting this fall, the group, loosely called the Colorado BioAngels, will begin reviewing hopeful biotechs in search of money and match them with Colorado investors willing to make the large, and often risky, bets on the companies’ success.
CTEK http://www.ctek.biz/ , a statewide nonprofit group that supports innovative entrepreneurs, teamed with the Colorado BioScience Association to form the biotech group. It is accepting applications through the CTEK Angels program.
By Greg Avery, Camera Business Writer
Teamwork venture aids high-tech associations in Colorado http://www.matr.net/article-12344.html
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