Setting Out to Reinforce Angel Investment Infrastructure in Ontario
TORONTO, Dec. 15 /CNW/ - After four years of increasingly successful
operations, during which more than $33 million in early-stage capital
has been deployed to Ontarian companies via Angel groups, the National
Angel Organization - Ontario (NAO-Ontario) has promoted Paul Connor to
the position of Executive Director, succeeding retiring President W.
Daniel Mothersill. This appointment initiates a process of renewal and
preparation to realize the full potential of Angel investing in the
Province of Ontario, while maintaining the experience and expertise
developed to date.
With a background in management and communications, Paul has had
positions of escalating responsibility at NAO-Ontario over the past
three years, becoming increasingly aware of the challenges and
opportunities of organized Angel investing. He is focused on delivering
both support and best practices to Ontario's Angel investor groups with
the support of Bryan Watson, advisor to the Angel Network Program and
Executive Director of the National Angel Capital Organization, who
helped create the Angel Network Program in 2007.
"I'd like to thank Dan for his years of service to the Angel investment
community in Ontario as Director of the Angel Network Program. His
creativity and drive validated Ontarian Angels' constructive role in
innovation and growth. As a result, NAO-Ontario can be an important
collaborator in the Ministry of Research and Innovation's new Ontario Network of Excellence, and FedDev Ontario's Investing in Business Innovation program," said Patricia Lorenz, chair of NAO-Ontario.
NAO-Ontario Executive Director Paul Connor stated, "The Angel Network
Program has shown that every dollar put towards Angel investors
organizing their peers yields an order of magnitude more in early-stage
capital investments. Even more value is added by the independent and
experienced judgment of Angel investors holding a stake in the future
of innovative companies. I am dedicated to realizing the full potential
of both to contribute to Ontario's future prosperity."
About the National Angel Organization - Ontario
The National Angel Organization - Ontario (NAO-Ontario - www.angelinvestor.ca/anp) is the industry association representing Angel capital in all of its
forms throughout Ontario. NAO-Ontario operates the Angel Network
Program on behalf of the Ontario Ministry of Research and Innovation,
which funded it over four years to create and grow organized Angel
investor groups for various Ontario regions and industrial sectors. Our
mission is to build the membership, early-stage investments and best
practices of these groups and thus create a greater pool of capital for
innovative start-up companies in the province.
For further information: For further information:
Paul Connor, Executive Director
416-581-0009 • email@example.com