DETROIT — TiE Detroit announced the launch of their new initiative — TiE Detroit Angels. Continuing with TiE’s global vision of connecting, supporting and developing entrepreneurial ecosystem around the world, this effort in Michigan will provide the channel for local successful TiE charter members and other successful entrepreneurs to re-engage and energize the Michigan entrepreneurial ecosystem.
TiE Detroit Angels is an angel investment group formed by charter members of TiE Detroit. TiE Detroit Angel’s mission is to provide top-tier emerging companies with early stage investment and talent support.
“Before launching TiE Detroit Angels, we talked to a large number of angel groups in Michigan, the Bay Area and Boston to learn their best practices. and develop a quality network that is best suited to our local environment,” said Sonali Vijayavargiya, chair of TiE Detroit Angels and a board member of TiE Detroit. Sonali is also founder and managing director at Augment Ventures, and invests in cleantech and information technology companies.
TiE Detroit Angels will invest across sectors in cloud, social, mobile, energy and life science market segments. It is expected that most of the deals will come through referrals from TiE charter members, who are successful entrepreneurs, members of venture capital community and senior corporate executives.
TiE Detroit Angels will launch its website shortly and start accepting business plans in January 2013. Entrepreneurs with early stage companies who are looking for funding are encouraged to apply to present to TiE Detroit Angels starting January 2013.
TiE is a global, not-for-profit, non-political, and non-religious organization dedicated to fostering entrepreneurs across its international network. Sponsored by top venture capital firms and Fortune 500 corporations, TiE’s network has grown across 56 chapters in 13 countries comprising of 1,800 experienced entrepreneurs and business executives as charter members, 12,000 aspiring entrepreneurs and professionals as members.