Posted on Wednesday 24 February 2010 byUlster Business
With Northern Ireland’s small business community attracting the notice of investors, the halo Business Angel network has seen a 300% increase in members over the past 12 months and has now reached the milestone of welcoming in its 100th investor.
Based at the Northern Ireland Science Park, halo is funded by Invest Northern Ireland and Intertrade Ireland with the purpose of stimulating angel investing in NI-based companies.
“I am delighted to be the 100th Angel investor to join the halo network,” Business Angel and 100th halo network member, Stephen Houston, said. “It’s the ideal opportunity for individuals with experience, equity and contacts to gain access to the potentially lucrative investments.
“Due to the economic climate, many small start-ups have found it tough to find funding for their business ideas. halo offers Northern Ireland’s entrepreneurs a route to market and support for their growth plans. This in turn helps to generate growth and employment within the local economy – creating a ‘rising tide’ for the whole community.”
According to Alan Watts, halo Director, having the 100th Angel come on board the network is testament to the calibre of early stage companies setting up in Northern Ireland.
“The halo network benefits all parties involved – we facilitate the initial meeting and then let business relationships flourish. The companies seeking investment not only receive financial aid to get their concepts off the ground - they also gain the business background, skills, experience and contacts that come with the Angel. I would encourage individuals who meet the Angel criteria to come forward and support the innovators of tomorrow.”