Are You Ready for a Partnership?

We are looking for innovative, entrepreneurial teams who are building high growth companies.

All applications to the Carolina Angel Network will be prescreened according to the following guidelines based on their industry. Entrepreneurs who are interested in applying to the network should consider their progress toward these milestones when applying to CAN:

Non-Life Science

• Product – working product, functional but not necessarily fully featured
• Revenues – Beta customer(s) for several months, greater than $50K (preferable)
• Team – Dedicated CEO, prior management experience (preferable), prior entrepreneurial experience (preferable)
• IP – license agreements completed and/or patents assigned to company
• Financials – revenue and cost assumptions based on factual evidence
• Operations – If a physical product, then supply chain reasonably established; if a software product, then production environment established

Life Science – Diagnostics

• Product data using human samples
• Non-dilutive funding secured for a portion of clinical studies
• Validated assumptions for reimbursement & COGS
• Issued IP or received office action on IP
• Diagnostic industry expertise > 10 years from employee, advisor, investor or consultant
• Market validation – from positive, on-going discussions with partners

Life Science – Med Devices

• Product – working prototype, fully functional
• FDA – 510K approved (preferable)
• Team – Dedicated CEO, Sales/Business Background, Senior Clinical Affairs officer on board
• Market – clear understanding of market and product launch plan
• IP – Issued IP or received office action on IP

Apply Here

The Carolina Angel Network seeks to partner with companies that meet the following criteria:

Raising Funds

Raising seed or series A equity capital of $100,000 to $3 million
or syndicating later-stage equity financings with an existing institutional lead investor.

UNC Affiliation

Have a founder, executive or board member who is UNC alumnus, donor, faculty, staff, parent or student and who owns stock or has stock options in the company.

US Based

The company must be headquartered in the United States.

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