If you are a new or experienced investor with your eye on OKGNtech, the OKGN Angel Summit is a great opportunity for you to plug-in. This investor-led program was designed to expose accredited investors to the world of angel investing through a guided, hands-on process where a small venture capital fund is raised, deals are screened, and an actual investment in a startup is made.
Investors will go through a 10-week series of structured meetings including company reviews, founder pitches, and due diligence. The culmination is a public virtual pitch event on March 18, 2021, where the last remaining companies will make their final pitch, and the winner is awarded investment from the fund. To maintain COVID-19 health and safety standards, the 2021 OKGN Angel Summit will be hosted virtually.
The goal is to invest a minimum of $100,000 in the winning startup. Twenty to forty investors each willing to invest 10 weeks and $5,000, to create a venture capital fund. Startups will apply to pitch, engage with the investors and receive feedback from the group. Additionally, companies who make it through to the semi-finals will receive mentorship from Accelerate Okanagan’s EIRs and partners.
In the end, 5-6 finalists will pitch to an audience of community members at the March 18, 2021 finale, with the winner receiving an investment from the fund.
Apply here and get invested in the 2021 OKGN Angel Summit.
THE COST
The cost to participate in the OKGN Angel Summit as an investor is $5,500. This includes a $5,000 investment in the fund and $500 used for legal and administrative costs. Investors must qualify as accredited (this is defined by the BC Securities Commission). The Fund Manager will have the final decision as to the participation of any investor in the fund.
THE COMMITMENT
The program will be conducted over a 10-week period starting in January 2020. Participating investors need to be committed to attending weekly sessions. While occasional absences are understood, the value, both individually and for the collective, is derived from active participation.
THE SCHEDULE
| Monday, November 23 | Application and cheque deadline |
| Tuesday, December 1 | Baseline investor training |
| Monday, January 11 | Kick-off meeting |
| Monday, January 18 | Select Top 24 – Quarter Finals |
| Monday, January 25 | Quarter Final 3-minute pitches and mixer |
| Wednesday, January 27 | Quarter Final 3-minute pitches and mixer |
| Monday, February 1 | Select Top 12 – Semi-Finals |
| Tuesday, February 8 | Semi-Final 10-minute pitches |
| Thursday, February 10 | Semi-Final 10-minute pitches |
| Tuesday, February 16 | Select Top 6 – Finalists |
| Monday, February 22 | Due Diligence kick-off and training |
| Monday, March 1 | Due Diligence |
| Monday, March 8 | Due Diligence |
| Monday, March 15 | Due Diligence |
| Thursday, March 18 | Finale |
If you are an accredited investor interested in early-stage investment opportunities or are an experienced angel investor interested in building the capital ecosystem and getting connected with like-minded peers, apply here.
Interested in learning more about 2020’s OKGN Angel Summit?
Investor Insights with Carollynn Schafer >>
