Ideas Meet Investors At Angel Venture Fair in Philadelphia

PHILADELPHIA (CBS) — Everybody’s in it for the cash in a “matchmaking” occasion this coming week in Philadelphia. Almost three dozen startups want to woo angel buyers with their concepts.

There are remedies for most cancers and vitiligo; a sensible coaching system for athletes; a choice-making app for when buddies are at loggerheads over the place to go for dinner.

“The large factor we search for is it’s a scalable enterprise with an awesome administration workforce who can drive this house and make the buyers cash,” stated Marc Kramer, who heads up the Angel Enterprise Truthful.

It’s set for Friday on the Union League.

“It’s the most important gathering of entrepreneurs assembly rich individuals — that’s angel buyers — within the mid-Atlantic area,” Kramer defined.

From greater than 230 corporations from 28 nations, organizers whittled the record right down to 34 who will make their case to those that can write checks (and who’ve a historical past of doing so).

“Perhaps $15 million to $20 million over the course of 19 years,” stated Kramer.

Kramer, who’s additionally government-in-residence at St. Joe’s Haub Faculty of Enterprise, says 10 of the prospects are from native universities; an indication that entrepreneurship packages are paying off.

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