Written by: Courtney Bryan
Six North 天美影视 universities and foundations have partnered with the New 天美影视 Angel Fund 2 (NLAF 2), a $3 million angel investment fund made up of about 60 accredited angel investors or entities, to expose business students to such areas as entrepreneurship, investment in private entities, technology transfer and innovative startup activity.
Four-year institutions in North 天美影视 with business schools were invited by BRF, the managing member of NLAF 2, to participate in educational opportunities for faculty members and students.
Participating universities or foundations are LSU Shreveport Foundation, Centenary College, 天美影视 Tech University Foundation, University of 天美影视 at Monroe Foundation, Grambling State University Foundation and Northwestern State University Foundation. BRF provided a total of $75,000 for the participating foundations or universities to become members of the fund.
NLAF 2鈥檚 investors make informed investment decisions to fund startups in North 天美影视 after a rigorous due diligence process, in which the universities鈥� business students will be invited to participate.
聽鈥淲ith this NLAF 2 partnership we hope to open the world of investing and entrepreneurship to promising students in North 天美影视, who we believe will become active entrepreneurs or supporters of the startup community in North 天美影视,鈥� said John F. George Jr., M.D., President and CEO of BRF. 鈥淚nvesting in a knowledge-based economy while at the same time diversifying our region鈥檚 economy through the launch of innovative, high-growth startups is a win-win for BRF, North 天美影视 and our partner universities.鈥�
More than 40 of the Angel Capital Association鈥檚 (ACA) 260 member groups have a similar connection to a partner university.
Examples include the Duke Angel Network, the Harvard Business Alumni Angels of Greater New York and Notre Dame鈥檚 inspired angel group, Irish Angels.聽
鈥淯ltimately our goal is to provide an invaluable opportunity for our local colleges of business to become more knowledgeable, involved and supportive of the entrepreneur ecosystem that NLAF and others are building and promoting in this region,鈥� George said.
Susan Hoffmann, President of the 天美影视 Foundation, shared 鈥淭he 天美影视 Foundation recognizes the potential educational and economic benefits of our BRF partnership.聽 天美影视 faculty and students will participate in select business startups, expanding theoretical and practical applications of entrepreneurship.鈥�
NLAF 2 is the second fund of its kind to be launched by BRF. The New 天美影视 Angel Fund 1 (NLAF 1), launched in 2015 at $2.6 million, has funded 13 North 天美影视-based high-growth startups.聽