Alberta Deal Generator looking for new members

Alberta Deal Generator is in the midst of a summer recruitment drive. They’ve added 12 members so far this quarter and are looking to add another 20 plus investors to its roster of wealthy individuals who have an interest in developing Alberta’s tech sector – and potentially making a boatload of money for themselves and technology start-ups in the process.

For those who aren’t familiar with Alberta Deal Generator, it’s a group of more than 200 angel and venture capital investors who invest in early-stage technology companies in Alberta. They hold quarterly investor forums where a handful of investor-ready tech start-ups deliver their pitches. It’s not all Dragon’s Den at ADG, these folks, with some help from Calgary Technologies Inc. and TEC Edmonton, also hold entrepreneur boot camps to prepare entrepreneurs to deliver their investor pitches at an ADG forum. The result is a win-win for start-ups and investors.

So what does an ADG member look like?

For starters you should be interested in the technology sector and investing/investment education. Availability to participate in the quarterly forums is important along with a willingness to act as a mentor investor. Finally, it’s a bit of a no-brainer, but you need to have money you are willing to invest.

The deals have started to heat up at ADG as well over the past couple of months. While cash was pretty tight at the end of 2008 and into 2009, the money has started to flow with more than $1 million in cheques being written recently. These folks mean business.