Developing Funding Opportunities in Montana

Several case studies have attempted to de-mystify the elements of the raging economic success – only to lead to a simplistic answer. Every region needs a healthy mix of capital, entrepreneurs and research – similar to a food pyramid

The Northwest Energy Angel Group will be a membership organization of successful entrepreneurs, retired executives, and other business leaders in the Pacific Northwest, who provide investment capital, strategic advice and mentoring to early-stage companies or companies embarking on major expansion efforts to help them achieve market leadership. The Northwest Energy Angel Group is unique in that it focuses only on the energy industry, including alternative sources of energy, improved distribution, or efficient transmission.

“We exist to help build the private, merit-based venture capital industry in Oklahoma,” said OCIB President Devon Sauzek. “Venture capital is critical to the growth of many young companies, particularly those commercializing advanced technologies. Our job is to seek out groups that demonstrate a successful investment track record, a strong strategic fit with Oklahoma investment opportunities and a solid plan for being accessible to Oklahoma entrepreneurs.”

"The results show a continuation of positive trends in the venture environment,"

Contact your Legislator to sign Senator Jeff Mangan’s special session petition

Start-up money is a critical area in Montana economic development, Liz Marchi http://www.dobusinessinmontana.com

Angel Investors are a special breed. They are usually experienced entrepreneurs that have built and sold several companies. They are typically retired or not currently running a company. They love to start companies, solve the tough problems, build a great team, and be actively involved in finding customers, partners, and key employees. They tend to invest in companies that are within a one hour drive so that they can be actively involved and leverage their network of friends and business associates. If they can’t commit their time and be actively involved in the major decisions of the company, they will probably not invest.

The National Venture Capital Association offers this
"’template’ set of model legal documents for venture capital investments put together by a group of leading venture capital attorneys.

"Act 255 was a driving force behind us getting investment," said Devon McGlenn, CEO of NeoClone in Madison. "It may even assist with [additional] funding in this calendar year"

"We are somewhat competitive with technology transfer programs from universities. We are willing to go get them and fund them – instead of the company waiting for it."