GAIN Opens Funding Applications for Startups

The Ghana Angel Investor Network, the foremost angel investment group in Ghana has opened up applications for Ghanaian owned startups to apply for funding. The application is open to startups for all industry segments in Ghana. To apply, visit www.gain.com.gh to complete the application process. Application for this quarter is open from now till the end of June, but priority will be given to those who apply early.

The Ghana Angel Investor Network (GAIN) is a network of Angel investors with a passion for investing in early-stage businesses with significant growth prospects and the potential to generate superior returns. GAIN is a body corporate limited by guarantee and established under the laws of Ghana. As a Network, GAIN is not-intended for profit. However, members and beneficiaries seek to derive significant returns on their investments.

The team at GAIN pride themselves on providing a full range of services for both entrepreneurs and investors. They are responsible for coordinating on behalf of the Angels and act as the liaison between entrepreneurs and Angels ensuring that the lines of communication are constantly open.

• Identify, evaluate and develop investment opportunities
• Adherence to defined Network processes, deal flow etc
• Coordinating due diligence
• Manage communications and relationships
• Handle publicity and public relations

Ghana Angel Investor Network (GAIN) recently made their first investment of GHS 350,000 in Revo local Edutech startup providing solutions for the education sector. GAIN, a network of high net worth individuals, was established by the Venture Capital Trust Fund (VCTF) to bridge the funding gap for very early-stage companies. VCTF recognized the need to provide a platform for established entrepreneurs to assist aspiring entrepreneurs with capital and mentorship. GAIN launched with only 6 founding members and today has an impressive network of 24 investors, with a keen interest in startups. The GAIN network is diverse with investors having interests in sectors such as technology, agriculture, education and healthcare.

Following the investment, the founders are still working closely with the team at GAIN and the Angel investors and will continue to do so for at least 12 months. Leticia Browne, in charge of Investor Relations at GAIN, said added,

"This is one of the key benefits of working with GAIN as through the GAIN network, entrepreneurs can tap into a wealth of resources via the pool of investors and mentors who are dedicated to assist in building innovative and sustainable businesses."

If you know of any startup which will benefit from such an opportunity, do well to share this good news with them.