Have a great idea for a tech company but lack the resources to get it off the ground? This is where investment companies like Atlanta Technology Angels come in. Groups like this assist early-stage Technology Startups and help them grow into full-fledged businesses. Atlanta Technology Angels seek to seed fund companies with up to $1,000,000. The companies they fund must be Georgia residents, technology-based companies with an experienced team, a high potential for growth, and strong commercialization potential. Companies must be willing and capable of committing to an exit in 3-5 years.
For companies that are looking to be acquired, an opportunity like Atlanta Technology Angels allows the perfect startup capital and time frame to develop the company and product enough to be eligible for a Small Business Innovation Research (SBIR) Phase I and Phase II grant. While the Atlanta Technology Angels can help seed the initiative, the Phase I and Phase II SBIR program would allow the opportunity for government-funded in-depth research to further test and develop the product, ensuring marketability.
Programs like Atlanta Technology Angels are highly successful, and one of the best ways to find out about them is from your consulting agency. Consultants stay informed on up to date opportunities for their clients, such as funding like the Atlanta Tech Angels program as well as federal funding such as SBIR grants. Startup founders who have the resource of mentorship and consultation on their side tend to vastly outperform those that do not.
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