The Golden Triangle area, comprising Kitchener-Waterloo, Cambridge, Guelph and Stratford, is one of the top five growth areas in Ontario. This area has long been known for its strong industrial and agricultural base and, more recently, its hi-tech cluster in Waterloo. Being home to four major post-secondary institutions, this area has spawned many early stage companies that have successfully commercialized academic research, and nurtured stable employment and prosperity.
The economic downturn of 2008 – 2009 created new challenges, not the least of which was access to investment capital. Manufacturing in particular was hard-hit, and required both capital and innovative technologies to adapt to the new economy.
Historically, the funding needs of early-stage tech companies were well-served by a number of organizations, such as Communitech, The Accelerator Network, Infusion Angels, and individuals in the area with a strong track record of building tech companies.
Even with this impressive group, a significant funding gap remained.
Angel groups, like the Golden Triangle Angelnet (GTAN), not only tackle this funding gap, they also increase investor access to companies (deal flow) both within high-tech and in other areas such as manufacturing, healthcare, entertainment, etc. As well, Angel groups provide a supportive environment that develops best practices for due diligence, investing and on-going mentoring.