PARTEQ launches 'angel' investment network
PARTEQ Innovations at Queen’s University is launching a novel opportunity to boost economic development in Kingston.
The PARTEQ Angel Network aims to build Kingston companies developed by Queen’s University researchers by linking them with ‘angel’ investors, including local entrepreneurs and Queen’s alumni, and a pooled investment fund, with promising early stage technologies.
Angels are investors who fund early-stage companies. Often they are the first to recognize the potential in a new technology opportunity, and their investments support the crucial early growth stages of promising technology companies.
The network is an extension of PARTEQ’s pioneering work in growing promising research discoveries into companies that make an impact around the world.
“Over the past 25 years our office has helped build more than 45 companies, many of them with global markets, and we couldn’t have done it without the help of angel investors,” says John Molloy, President and CEO of PARTEQ, the Queen’s-founded technology transfer office. “The difference today is that the climate and the incentives for growing these technologies has never been better. Given these factors, what better way to boost the success potential of these promising companies than by combining our experience in managing early stage technologies with the entrepreneurial acumen and investment dollars of Kingston angels and Queen’s alumni.”
The Kingston Economic Development Corporation (KEDCO) is PARTEQ Angel Network’s first angel, seeding the network with a founding contribution of $50,000.
“KEDCO is proud to participate in the PARTEQ Angel Network. The commercialization of applied research at Queen’s brings great opportunity to the City of Kingston in terms of creating jobs and investment,” says Jeff Garrah, CEO of KEDCO.
For more information about the PARTEQ Angel Network visit the PARTEQ website.