There is money in the pipeline for Wilmington’s new angel fund.
The Inception Micro Angel Fund (IMAF), part of a statewide “family” of IMAFs that provide seed money for startups, stands to benefit from a new initiative of the North Carolina Fund of Funds (NC-FOF).
This NC-FOF, a $10 million fund operated by the North Carolina Department of Commerce through the Rural Economic Development Center will make monies available to selected investment entities to increase the amount of investment capital available to eligible North Carolina small businesses. The PNC-FOF will make equity investments in funds managed by selected investment entities, which, in turn, can invest in qualified small businesses.
To read the full, original article click on this link: Local angel fund to get monies from state fund
