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Printer FriendlyRelease date: October 2, 2000
Contact: Greg Koller (509)
372-4864
Accredited investors invited to Oct. 11 forum
RICHLAND, Wash.—Accredited investors from the Mid-Columbia are invited to attend a forum sponsored by a Seattle-based group of investors in Pasco next week.
The Alliance of Angels is coming to Pasco's DoubleTree Hotel and the Columbia Basin Advanced Technology Center on Oct. 11 to hold an investor forum—its first forum outside of the Seattle area. The Alliance of Angels is a program of the Technology Alliance; a non-profit organization dedicated to nurturing the growth of technology-based companies in the Northwest. It aims to help private investors make better investments. It also acts as a matchmaker for individuals with money to invest—known as "angels"—and selected young technology companies seeking funding to grow to the next level.
Their visit is at the urging of the Department of Energy's Pacific Northwest National Laboratory and the Tri-Cities Industrial Development Council.
Local accredited investors who would like to attend the forum, which runs from 10 a.m. to 4 p.m., should contact Gary Spanner, PNNL Economic Development Office, by Oct. 9 at (509) 372-4296, or gary.spanner@pnl.gov.
Morning sessions will feature a panel presentation on how start-up companies can make themselves more appealing to investors. The forum also will offer a chance for business people and investors to network.
During the afternoon session, two or three local, small businesses that are developing a technology product or service and are in the early stages of development will have a chance to present their business plans in hopes of gaining investment capital. Once they have made their presentations, the Alliance will decide whether to endorse the companies to their member "angels." The members then can decide as individuals whether to invest in the individual companies. Typical investments range between $50,000 and $1 million. This session is closed to the public but open to accredited investors who contact PNNL.
The forum is being held in conjunction with a TRIDEC membership luncheon. The keynote speaker will be Jeremy Jaech, Technology Alliance board member and former Tri-Citian. Jaech co-founded Aldus and Visio software companies and frequently is referred to as the father of desktop publishing. He currently is vice president of Microsoft's Business Tools Division.
More information on the Alliance of Angels can be found at www.allianceofangels.com.
Pacific Northwest National Laboratory is one of DOE's nine multiprogram national laboratories and conducts research in the fields of environment, energy, health sciences and national security. Battelle, based in Columbus, Ohio, has operated PNNL for DOE since 1965.
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