What To Know
Seeking Funding from GTAN
GTAN is one of the more active Angel groups in Ontario. It relies on its trusted feeder network of incubators and startup hubs across Ontario to recommend promising companies that are seeking Angel financing. GTAN has limited bandwidth to review unsolicited funding requests on its own.
Executives-in-Residence (EIRs) and mentors at these organizations are best positioned to help a company understand when it is ready to seek funding from an Angel group, These EIR’s recommend companies for consideration to GTAN’s Selection Committee.
What You Should Know About Angels
Angel Investors are high-net-worth, accredited investors who typically have acquired wealth from decades of business success.
Most Angels are active investors – they mentor the companies in which they invest by contributing time and experience as well as offering introductions to valuable contacts. They deploy their cumulative experiences and capital to help the next generation of entrepreneurs become successful.
Most Angels specialize in industries or technologies they understand and invest only in companies within close geographic proximity. Angels may invest on their own, or with their peers, through an organized Angel Group such as GTAN.
Since there is more demand for early-stage capital among promising start-ups than capital available from all sources, Angels often syndicate their investments with other Angel groups and government and institutional funders. These funders work collaboratively to provide deeper mentorship and lower financing risk.
Who qualifies as an Accredited Investor?
- An individual who, alone or together with a spouse, owns financial assets worth more than $1 million before taxes but net of related liabilities; or
- 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; or
- 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 Ontario Securities Commission (OSC) as an accredited investor