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Seeking NYS Companies Only
Eastern NY Angels is seeking entrepreneurs who are interested in obtaining early stage funding for their company. ENYA invests in pre-revenue companies can answer the following questions; What problem are we solving?, What is our solution?, How big is the market? Who is the target customer? What is the go to market strategy? What is the business model? What is the 3 to 5 year financial projection?
Please review the criteria described in the investor process.
Entrepreneurs, click here to submit or update your business plan.
ENYA recently closed its latest investment in Free Form Fibers. Free Form Fibers has created a new technology to manufacture high-performance fibers (HPF) at a substantially lower cost and environmental impact than competing processes. Their proprietary process is capable of making continuous filaments of nearly any material that has been deposited by conventional chemical vapor deposition (CVD). Until now, many of these materials have never been commercially available in fiber form.
The goal of the Eastern NY Angels Fund I is to stimulate an entrepreneurial spirit in the Capital Region of NYS, create jobs and generate a reasonable rate of return for our investors. The Fund focuses on investment opportunities that are within NYS with a primary focus for companies located within the 11 county region surrounding Albany known as Tech Valley.
Photo Courtesy of the Times Union
The Fund I was started in August 2010 and has invested in 6 companies to date. Fund I is closed and the investors are currently working on raising capital for Fund II which is expected to be begin investing in Mid-2014.