INNOVATION FUND Funding Florida’s Early Stage Innovators

About nwa…

NWA is a group of successful founders, operators, advisors, and investors, from a wide range of industries, who provide entrepreneurs with funding, knowledge and guidance.

The Innovation fund…

The NWA Innovation Fund assists entrepreneurs in reaching early critical milestones for their businesses or products. The Innovation Fund serves as the initial step in establishing a collaborative partnership to facilitate personal and company growth. Entrepreneurs within every community and cultural context  play a vital role in improving our world, and our goal is to provide support. 

You will be redirected to Dealum, our deal flow application platform

INVESTMENT CRITERIA…


Eligibility

An early stage company that meets the following criteria:

 

Qualified Program

Is participating, in good standing or has successfully completed,  a qualified FL-based business incubator or accelerator program.

qualified Advisor

Is receiving active and highly engaged advisory support from a qualified mentor.

Registered
C-Corp

Is willing to become a C-Corp, with a formal shareholder /operating agreement and cap table available for inspection.

Intellectual Property

Has formal and proper ownership and assignment of intellectual property and trade secrets related to the company.


STANDARD INVESTMENT

Check Size

From $25,000 to $50,000

Deal Terms

Convertible debt instrument with a standard cap of $5M or less, interest at 8%, and with a two (2) year conversion term.

Future Investment

The Fund's investment secures NWA’s right to invest, at our sole discretion, in subsequent investment rounds.


WHAT HAPPENS AFTER OUR INVESTMENT

1

Relationship manager

A point of contact within NWA will be assigned as a focal point for sharing updates and insight on your progress,  finding resources, and serving as a sponsor for expanding your visibility within the NWA syndicate.

2

communication

Our connection evolves through regular communication regarding the advancements of your business and progress toward milestones. Disciplined ongoing periodic communications a strong signal for our considering future investment.

3

Future

With demonstrated progress, NWA will evaluate future funding and can syndicate investment opportunities with others across the Florida early-stage venture ecosystem.


apply for NWA Innovation funding

What’s the Process?

  • The Innovation Fund team will review incoming applications and make decisions on a 30 day rolling basis until Fund I is fully invested. 

  • Once your company is identified as an investment candidate, we will request additional information and  schedule time for a conversation with you and your team, and your advisors and incubator or accelerator. 

  • We will endeavor to move an investable company from application, decision, to funding in 60 days or less. 

Do you have questions about the NWA Innovation Fund? Reach out to Jessica Miley: jessica@newworldangels.com

*An NWA Innovation Fund investment secures NWA’s right to invest, at our sole discretion, in subsequent investment rounds.


You will be redirected to Dealum, our deal flow application platform