More than 200 Angels from across Canada gathered in Quebec City for the National Angel Summit this week.
The National Angel Capital Organization is holding the largest gathering of Canadian Angel Investors. The three-day summit is focusing on a range of topics highlighting the theme of accelerating the Angel Asset Class. One of the goals of the Summit, organizers say, is to discuss the standardization of Angel Investing documents.
“We hope to help institutionalize Angel Investing in Canada by tackling complex topics of interest to the Angel community,” says Yuri Navarro. “We are trying to drive the creation of best practices and standards for investing.”
NACO and BDC have teamed up to recognize leading investors from the Canadian Angel community. The Angel of the Year, presented by BDC Capital, will be awarded to the Angel that has most helped grow and develop the community through their efforts. The award will be handed out tonight.
NACO and KPMG will also award the Most Promising Startup. Fifteen companies from across Canada will be pitching their business cases. The award recognizes the top company that has shown promising results to date and is ready for their next round to finance future growth.
“The pitch competition is always a highlight at the Summit,” Navarro says. “The exposure for the companies is great, and past winners have gone on to raise funds from NACO members.”
In 2013, 29 angel groups comprised of 2,100 investors made 199 investments totalling $89 million, with 40% of funds going to Western Canada and 55% to Central Canada.