The network will bring together investors from across the globe with nanotechnology start-ups, through regular meetings and via a robust on-line presence.  NanoBusiness Angels is developing an unmatched team of industry and financial experts to perform strict due diligence and evaluation of the nanotech companies that will seek funding from the NanoBusiness Angel Network.  NanoBusiness Angels will also partner with leading venture capital firms, corporations and service firms to not just explore funding opportunities, but to provide assistance and partnerships to nurture emerging nanotechnology businesses.

While hundreds and hundreds of nanotechnology start-ups have launched in the past year alone – huge gaps in funding remain. Most start-ups in the nanotechnology space are at the seed and early stage of existence.  Many venture capital firms’ models do not allow for them to invest at this point.  Also, a great number of nanotechnology start-ups are presenting technology that is difficult for many investors to properly evaluate.

‘We view the creation of the NanoBusiness Angel Network as key to our mission at the Alliance,” said F. Mark Modzelewski, Executive Director of the NanoBusiness Alliance.  He added, “ Our organization isn’t like other industry associations that just promote their companies and lobby.  The NanoBusiness Alliance is a catalyst in fueling the growth of the nanotechnology industry.  Though we do the basics like other associations, in many ways we view ourselves as much more like Garage.com than say the National Association of Manufacturers.”

“While this angel network is focused exclusively on the nanotech space, at no point will we get seduced by the “nano” prefix in our evaluations -- like many did in the “Dotcom” space. Good investments are made in good companies,” said Nathan Tinker, executive Vice President of the NanoBusiness Alliance. Tinker notes, “What we see time and time again are nanotech companies seeking funding – and we see them all; investors looking to somehow be part of this emerging industry; and our corporate and venture capital members trying to find ways to bring start-ups along so that they can indeed be a great investments and great partners.  The NanoBusiness Angels will be key to helping many nanotech start-ups across the “death valley” stage.”

The NanoBusiness Angel Network will be based in New York City.  The site: www. nanobusinessangels.com  will soon launch.  Additional details on this exciting effort can currently be found at: www.nanobusiness.org. or by emailing mark@nanobusinessangels.com