Innovate Mississippi announces the formation of the North Mississippi Angel Fund I, LLC, the first community-based investment fund of its type in Mississippi. This private investment fund is being established with a dual mission: to provide investment capital to area businesses that demonstrate the potential for growth and to offer an appropriate risk-adjusted return to member investors.
“In North Mississippi, as a new crop of entrepreneurs continue emerging – in addition to already established Mississippi-based small businesses that are growing – it is vital that our state support this development,” said Tony Jeff, president and CEO of Innovate Mississippi. “These next generation, innovation-based companies are organically spurring both capital and job growth for – and from within – Mississippi.”
Thanks to a grant from the Appalachian Regional Commission (ARC) administered through Mississippi State University (MSU), Innovate Mississippi is partnering with RAIN Source Capital Management to bring their proven methodology for establishing strong community and regional angel funds to North Mississippi. “We appreciate this opportunity ARC has given us to help fund startups in this region,” said Bill Martin, MSU Institute Director and ARC Grant Manager.
The North Mississippi Angel Fund will operate alongside Innovate Mississippi’s statewide Mississippi Angel Investor Network pooling investments into funds. This new model, however, adds a significant level of convenience and provides investors with a greater source of qualified deals, a simplified closing process, and enhanced portfolio diversification.
Accredited investors interested in learning more are invited to pre-register for one of these five upcoming recruitment meetings:
- Starkville: May 15 at 5:30 p.m.
- Columbus: May 16 at 7:30 a.m.
- Tupelo: May 16 at 11:30 a.m.
- Tupelo: May 16 at 5:30 p.m.
- Oxford, May 17 at 7:30 a.m.
For more information on the North Mississippi Angel Fund I, LLC or on the upcoming five investor interest meetings, please contact Tony Jeff at email@example.com or 601-960-3610.
Innovate Mississippi is a nonprofit organization with the mission to drive innovation and technology-based economic development for the State of Mississippi. Visit www.innovate.ms to learn more.