Angels of the Commonwealth Team Up

For immediate release

Angels of the Commonwealth Team Up:
Canada’s National Angel Capital Organization Signs Agreement
with Australian Association of Angel Investors

Toronto, November 26th, 2008 – The national associations for Angel investors in Canada and Australia have agreed to collaborate on a variety of activities in support of their Angel investor communities, by signing a Memorandum of Understanding that promotes exchanges of knowledge and visits.

The memorandum is intended to ”enable an international exchange of information, experience and best practice among angel investors, angel groups and angel network representatives.”  In addition to sharing information, the Australian and Canadian Angel organizations will exchange delegations and guest speakers for each others’ annual conferences, and will work together to develop bilateral contacts and common projects.

Angel investors in Canada and Australia, uniquely positioned as gateways to the vast markets of America and Asia, will benefit greatly as a result of this agreement.  Their national organizations will expand networks, multiply investment opportunities, and adopt each others’ best methods for promoting effective Angel investing in their respective countries.

“Angel investing is increasingly recognized and supported by policymakers and the public in economically competitive countries,” says Dan Mothersill, President of the National Angel Capital Organization, “Angels are becoming more effective investors through organization and formalization as well.  It’s only natural that by this time our collaborations – and co-investments – are international in scope.  This agreement is an excellent augury of the unlimited potential of people who invest their brains along with their capital.”

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About Angel investors

Angel Investors are individuals who invest their own money in start-up companies, often providing business expertise that contributes to the success of young companies. Because Angel investors typically invest at an earlier stage of growth and provide more business guidance than venture capital providers, Angel investors are key players in generating high growth companies essential to regional  economic development and Canada’s economic competitiveness.

About the National Angel Capital Organization

The NACO (www.angelinvestor.ca) is the industry association representing Angel capital throughout Canada, dedicated to promoting best practices and advocacy for Angel investors. The NACO provides Angel investors with a secure environment to network and learn from their peers, as well as the opportunity to be heard collectively on national issues.

Media Contacts

Bryan Watson
T: 416-581-0009
E: bwatson@angelinvestor.ca

W. Daniel Mothersill
E: dan@angelinvestor.ca
T: 416-581-0009