Attendees gather for the launch of North Devon Angels, a new investment group supporting local startups
A new investment group has been launched in North Devon to support high-potential startups and early-stage businesses in the region.
Launched on January 31, North Devon Angels is holding an open call for potential new “Angels” and founders seeking investment in the local area.
Formed through a partnership between Tech South West, North Devon Council, Torridge District Council, and the established angel investment group Angel Investors Bristol, North Devon Angels aims to bridge the funding gap for local businesses.
The group's vision is to provide mentoring and strategic guidance to founders, fostering a thriving business ecosystem in North Devon and beyond.
Ben Cooper, director of Tech South West and co-founder of Angel Investors Bristol, said:
“Our vision is to empower innovative startups and growth-stage businesses in the region by providing the financial support and expertise they need to flourish.”
Councillor Bob Hicks, Lead Member for the Economy for Torridge District Council, added:
“We’ve always had a strong start-up culture here in North Devon and Torridge. With opportunities such as the growth in maritime and green energy innovation coming forward, as well as agritech, the angel network will provide a really important added source of funding and support to help businesses grow and create high-quality jobs in our local communities.”
Councillor Malcolm Prowse, Lead Member for Regeneration, Economic Development, and Planning at North Devon Council, said: “We are delighted to be able to support North Devon Angels as it launches to provide valuable help and resources to our local entrepreneurs. North Devon has so much potential, and we hope that by connecting local businesses and entrepreneurs with the right investment and mentorship, our key industries can thrive.”
North Devon Angels will focus on key sectors, including technology, renewable energy, sustainable agriculture, healthcare, and advanced manufacturing.
The investment group is open to early-stage companies with strong business models, scalable potential, and a commitment to making a positive impact.
Subscribe or register today to discover more from DonegalLive.ie
Buy the e-paper of the Donegal Democrat, Donegal People's Press, Donegal Post and Inish Times here for instant access to Donegal's premier news titles.
Keep up with the latest news from Donegal with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm.