The ARCHAngel (Akron Regional CHange Angel) Network is a regional forum for introducing investors to market-driven, technology-based investment opportunities within Northeast Ohio and particularly within the greater Akron area. The Network, made possible through the sponsorship of the University of Akron Research Foundation (UARF), brings together promising technology companies and Angel investors with a particular focus on businesses that leverage the region’s strengths in health care, information technologies, polymers and other advanced materials.

Recently, the ARCHAngel network sent out a very big announcement.

“We wanted to share with you some exciting news…………..  Thanks to our growing alliance with the Lorain County Community College (LCCC) and the hard work of the team lead by Tracy Green, we are happy to report that we have formed the Innovation Alliance Fund to provide very early stage technology and business gap funding.

The Innovation Alliance Fund has just received a Third Frontier Pre Seed Grant from the Ohio Department of Development of $500,000 which will be matched by an additional $500,000 from LCCC and UARF.  Our alliance with LCCC will both increase deal flow and provide access to very early stage preseed funding for our ARCHAngel companies.  A reminder that none of this goes to salaries and overhead but is all directed to where it will do the most good – the entrepreneur.

The ARCHAngels were also highlighted in today’s Akron Beacon Journal Business Section, with some very kind words from Exacter’s CEO John Luletta. Thanks to all of you who continue to provide their unique skills and resources to high potential companies like Exacter.   See these two articles by Paula Schleis in today’s Akron Beacon Journal: Investors network making impact and $7.5 million will provide startup help.

We appreciate all of the ARCHAngel efforts which have brought us to this next step on our ARCHAngel growth curve.  We will have lots to discuss on Wednesday September 10th and hope that you can join us for our quarterly meeting.”

Are you an Entrepreneur with an innovative business that needs the right resources and financing, or an Investor looking for a well developed ideas to invest in that will grow and provide you a competitive return in 3-5 years?  If you answered “yes” to either of those questions, and don’t know about the Akron ARCHAngels, then head over to their website, do your homework and contact them as appropriate.  Barry and Gordon are making great things happen in Akron – don’t miss out!