NEW YORK, May 21, 2012 /PRNewswire/ ??Harvard Business School Alumni Angels of Greater New York (HBSAANY) and The National Association of Investment Companies (NAIC) today announced 10 national business organizations have joined to support the Venture Capital Access Program (?VCAP??).
VCAP? is a pilot collaborative venture that provides women and diverse entrepreneurs with access to venture capital through accredited investors within the HBSAANY network.? The VCAP? program invites eligible entrepreneurs to present their new business plans to a series of angel investors comprised of members of HBSAANY.? The first program of its kind, VCAP? bridges the gap between venture capitalists and angel investor networks and women and diverse entrepreneurs, many of whom have not traditionally had access to these sources of capital.?
Leading national business organizations have signed on to promote awareness of VCAP? within their networks, including to date:
HOW TO APPLY TO VCAP?
The VCAP? program is open to women and diverse entrepreneurs running private companies seeking investment capital.??
Step 1: Review VCAP Benefits at http://marathonfdn.org/vcap/vcap-benefits.html??
Step 2: Follow the instructions at http://marathonfdn.org/vcap/apply-step1.php.?
Step 3: Apply to HBSAANY with your Company business plan and financials, indicating that you are a participant in VCAP.
There is no registration fee for members of the Marathon Foundation. For non-members of Marathon Foundation, a $500 registration fee is required to join the VCAP? program.? VCAP? applicants will be reviewed in a series of screenings conducted by the Marathon VCAP? selection committee, HBSAANY, and NAIC board members.?VCAP? finalists will be announced Monday, June 18th and will present their business plans to HBSAANY angel investors at a Pitch Night in New York on Wednesday, June 27th.? VCAP? finalists will also be invited to present at Marathon?s 7th Annual DealMakers? Summit July 23rd and 24th at the Ritz Carlton in Chicago. Entrepreneurs can apply through Marathon?s website at www.marathonfdn.org.
For more information about VCAP?, see http://www.marathonfdn.org/pdfs/VCAP-launch.pdf .? If you are interested in partnering with VCAP, please contact Jennell Lynch, jlynch@naicpe.com.
KEY DATES
About Harvard Business School Alumni Angels of Greater New York?
The Harvard Business School Alumni Angels of Greater New York (HBSAANY) is a nonprofit organization consisting of Harvard alumni in the greater New York area committed to investing in early-stage, private businesses and supporting the local start-up ecosystem.? The organization invests in companies led by both Harvard and non-Harvard alums across all industries.? HBSAANY members include venture capitalists, individual accredited investors, and other institutional investors.? HBSAANY currently invests at a pace of close to $2 million in 7-10 companies per year. For more information, visit: www.HBSAlumniAngels.com/NY or on Twitter: @HBSAngelsNY.
About The National Association of Investment Companies
The National Association of Investment Companies (NAIC) is a 501(c)(6) trade association representing women and diverse alternative asset managers whose investment strategies focus on mid-market opportunities. Founded in 1970,?NAIC firms invest in venture (early stage/later stage) and private equity (growth/buyout/mezzanine/distressed/secondary funds).?NAIC firms generate significant returns for institutional investors and shareholders by investing in and transforming privately held businesses in global emerging markets as well as the $6 trillion annual?women and diverse?U.S. domestic market. For more information, visit: www.naicpe.com?
About The Marathon Foundation
The Marathon Foundation (TMF) is?a business development network dedicated to?entrepreneurial growth, access to capital and deal flow.? Formerly the Marathon Club, TMF is an inclusive?eco-system of entrepreneurs, corporate professionals, Fortune 500s, tech companies and consumer brands that leverage best practices and strategic relationships. TMF?s thought leadership programs focus on?women and diverse?small business creation and the associated job growth that will drive sustained U.S. economic growth. For more information, visit: www.marathonfdn.org
Media Contacts
Mary Beth Grover / Kelly Smith / Mark LaVoie
The Abernathy MacGregor Group
(212) 371-5999
mbg@abmac.com / kas@abmac.com / mjl@abmac.com?
Article source: http://finance.yahoo.com/news/ten-national-business-organizations-join-173200438.html
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