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Heartland Angels

Angel Group · 35 Members · Chicago, IL, US
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About this Program

Our mission is to be a catalyst in the process of innovation by creating forums where human, intellectual and financial capital are joined in a common purpose.

Our Investment Focus

There are certain types of opportunities that we feel more comfortable in financially and strategically supporting. They have, in general, the following characteristics:


Technology



  • A unique technology, process, or program

  • Intellectual Property (e.g. patents) or a clearly established product innovation process

  • A technology that solves an unmet or poorly met need


Company



  • Market or operational competitive barriers that favor the company

  • Located within a 350 miles radius of Chicago

  • Scalable operations


Managemen Team: A management team capable of moving the business through the early stage growth process. The management team will have the following attributes:



  • Competence

  • Perseverance

  • Track record

  • Decency

  • Integrity

  • Coachable

  • Personal financial commitment (“Skin in the game”)

  • Sense of Urgency

  • Burning desire to succeed


Market



  • A large and targetable market opportunity

  • Ability to have niche dominance in the market place

  • A growth strategy that does not require a national sales structure to succeed


Investment Request



  • Investments generally in the range of $250,000 to $1,000,000

  • A minority ownership position in the company. We are not a bank! We don’t loan money

  • A growth strategy that allows for incremental funding based on performance

  • Return of the invested capital in 3–7 years with an expected internal rate of return of 45-65+%

  • Realistic expectations of significant near term and long-term growth

  • The potential to achieve early milestones leading to demonstrably increased valuation

  • A stage of development that allows for our participation as a director/manager/observer on the Corporate Board

  • We do not participate as a small player in a larger venture round

Portfolio


Nano Gas Technologies, Inc.

Industrial/Energy

Supply Clinic

Retailing / Distribution

KitoTech Medical

Medical Devices and Equipment

Thubrikar Aortic Valve, Inc.

Medical Devices and Equipment

Supply Clinic

Retailing / Distribution

Innoblative

Medical Devices and Equipment

Preferred Locations

  • Chicago, IL, US