We are looking for entrepreneurs who want to push the boundaries in the life sciences arena. Entrepreneurs who share our members' same passion for the future of this industry. Entrepreneurs who want to leverage our members' vast experience, contacts,  and knowledge. 

Ocean State Angels holds quarterly investor meetings. To be considered for a meeting you must submit your application at least 35 days prior to the meeting date.  For example, to be considered for the January 2013 meeting you must submit your application no later than December 14, 2012 for consideration. We strongly suggest submitting your application as early as possible as we select presenting teams on a rolling application basis. If you are interested in applying for funding please follow the directions below. If we are interested in having you present, have questions, or need further material we will contact you. 

Key Dates

2012 Fall Meeting                  Thursday, October 25         Application Deadline:   Friday, September 21, 2012

2013 Winter Meeting             Thursday, January 24          Application Deadline:   Friday, December 14, 2012

2013 Spring Meeting             Thursday, April 18                 Application Deadline:   Friday, March 22, 2013

2013 Summer Meeting         Thursday, June 20                Application Deadline:   Friday, May 17, 2013

* Entrepreneurs will be notified at least 21 days prior to the meeting if they have been chosen to present.

OCEAN STATE ANGELS FUNDING APPLICATION 

Companies interested in seeking funding from Ocean State Angels should submit their executive summary of NO MORE THAN FIVE PAGES (including attachments, appendices and exhibits), which contains information on the subjects identified below.  Materials beyond the five-page limit will not be reviewed or considered.  The list below is not intended to suggest any particular order of information, but rather the entrepreneur should consider the arrangement best suited for describing his/her company.

SUBMISSION CONTENT:

The Company

  •  History, including accomplishments to date
  • Mission
  • Corporate Structure (e.g., Delaware C Corp)

Product(s)/Services

  • Description of product(s)/services
  • Ownership
  • Development stage
  • Timing of, and process to, commercialization
  • Unique attributes and opportunities

Market

  • Size and definition
  • Industry Trends
  • Needs for product(s)/servics
  • Customers
  • Sales/distribution plan
  • Necessary partnerships and status

Competition

  • Comparative analysis, including key features and benefits
  • Competitive advantage/market differentiators
  • Barriers to entry for competitors and company

Management

  • Experience of all senior management, including previous start-ups
  • Previous experience working together
  • Needs/key vacancies
  • Board of Directors
  • Advisors
  • List of Current Service Providers (e.g., legal, accounting, etc.)

Financials

  • Founder’s investment
  • Fully-diluted capitalization table (i.e., including options, warrants, and debt)
  • Summary projected financials (one and three to five years)
  • Funding needs for this round and subsequent rounds
  • Use of funds
  • Exit strategy and timing
  • Business milestones for next six months and next two years