We partner with Tar Heels that are building the future 

IMG_20171021_155857.jpg

All applications to the Carolina Angel Network are screened according to their progress to date. Criteria do vary by type of industry.

 
Non Medical Created with Sketch.
 

Non-Life Science

Revenues – Beta customer(s) for several months, greater than $50K (preferable)
Product – working version 1.0 product, not necessarily fully featured
Team – CEO with prior management/entrepreneurial experience (preferable)

IP – license agreements completed and/or patents assigned to company
Financials – revenue assumptions based on customer sales evidence

Medical Device Created with Sketch.
 

Life Science – Med Devices

Product – working prototype, fully functional
FDA – 510K approved (preferable)
Team – Dedicated CEO with Business Background, Senior Clinical Affairs officer
Market – clear understanding of customers and market and product rollout plan
IP – Issued IP or received office action on IP

Created with Sketch.
 

Life Science – Diagnostics

Product - results using human samples
Legal - Validated assumptions for reimbursement and FDA approval
IP - Issued IP or received office action on IP
Team - Diagnostic industry expertise > 10 years from team
Market Validation – positive, on-going discussions with partners

 

Investment Criteria

Fundraising. Raising seed or series A equity capital of $100,000 to $3 million
or syndicating later-stage equity financing with an existing institutional investor.

UNC Affiliation. Company must have a founder or executive who is a UNC alumnus, faculty, staff, student, or parent or have licensed a technology from the university.

Geography. The company must be headquartered in the United States.