FAQs

What is the Niagara Angel Network?

The Niagara Angel Network (NAN) is a not-for-profit organization that represents a group of accredited or “Angel” investors, who live, work or have a strong interest in Niagara, neighbouring communities or in young companies primed for growth.  It is structured and professionally managed.

Who are the Angels?

Angels are retired or active business professionals who have proven their abilities in the business world. They are individuals with a desire for excellent return on their investments, expanding their list of portfolio of companies, and providing essential business guidance to early stage companies.

How many members do you have?

We have 40 members in good standing. 85% of the membership resides in the Niagara Region with the other 15% coming from Ontario communities, the U.S. and Europe.

Who can join?

While we strive to be inclusive, membership is restricted to individuals who meet the Ontario Securities Commission (OSC) definition of accredited investor. This is a requirement of the Commission.

Download the Membership Application.

 
Who qualifies as an “accredited investor”? (As defined by the Ontario Securities Commission – OSC)

  • An individual who, alone or together with a spouse, owns financial assets worth more than $1 million before taxes but net of related liabilities
  • An individual, who alone or together with a spouse, has net assets of at least $5,000,000.
  • An individual whose net income before taxes exceeded $200,000 in both of the last two years and who expects to maintain at least the same level of income this year;
  • An individual whose net income before taxes, combined with that of a spouse, exceeded $300,000 in both of the last two years and who expects to maintain at least the same level of income this year
  • An individual who currently is, or once was, a registered adviser or dealer, other than a limited market dealer
  • Financial institutions
  • Governments and governmental agencies
  • Insurance companies
  • Pension funds
  • Registered charities
  • Certain mutual funds, pooled funds and managed accounts
  • Companies with net assets of at least $5 million
  • Persons or companies recognized by the OSC as an accredited investor

Is there a membership fee?

Yes.  The annual membership fee is $250 (tax included) made payable to the Niagara Angel Network.  It remains one of the lowest fees of any Angel group in Ontario. We ask that you complete a membership application form.

Am I expected to make an investment? Is it mandatory?

Members make individual investing decisions.  We not have a mandatory minimum investment. Members may decide to invest by themselves, form a consortium, or co-invest with members of other Angel groups.

How much success has your group had?

We have been very successful.

More than $3.3 million has been invested into 11 companies by 25 NAN members between January 2011 and November 2013. This has leveraged over $22 million in additional equity and government funding to those companies.

What are the benefits of joining your group?

We provide members with opportunities to increase their exposure to high quality, investment ready companies seeking capital. Pre-screened companies present their business propositions to members and qualified guests. We collaborate on due diligence and mitigate the risk by investing as a group.

How often do you meet?

We meet throughout the calendar year. Usually 3 quality companies present at each investment meeting. Again, these companies are pre-screened.

Is the Angel group all about investments?

Our overall goal is to invest in excellent companies and make excellent returns.  This is also a club. We enjoy the fellowship, the networking, and the great dinner events. We encourage camaraderie with likeminded investors.

What are you plans for the future?

Our goal is to double our membership and bring in the best companies from across Ontario. We will be hosting a Meet the Angels event, offer Angel education seminars, and expand the number of investment meetings.

I want to join but I don’t want my name public. Can my anonymity be protected?

We do not make your name public unless we have specific permission to do so. We protect our members privacy at all times.

How do I find out more information?

You can contact the Niagara Angel Network’s office directly. Please contact Terry Kadwell at 685-3460 ext. 434 or by email at tkadwell@niagaraangels.com.