Process Overview

Central Illinois Angels uses a multi-step process, outlined below, to review investment opportunities:

1. Application - A company must first submit a funding application to the Central Illinois Angels page on Angelsoft.net through this link.

2. Application Review - After an application is submitted, it will be reviewed by staff of the Bradley Technology Commercialization Center and The Heartland Partnership. If the submission does not meet the investment criteria of CI Angels, the company will be notified accordingly. If the submission does meet the investment criteria, staff will then meet with the company to review additional details before taking the opportunity to the Screening and Champion Committee.

3. Introduction to the Screening and Champion Committee - Opportunities that meet the investment criteria of CI Angels will then be introduced to the Screening and Champion Committee, a subgroup of the full angel membership. The Committee will then prioritize which opportunities they would like to review further with a subsequent presentation.

4. Champion Assignment - Once the Screening and Champion Committee identifies an opportunity to pursue, a Champion from the full membership will be assigned to work with that company and be the liaison between the company and the angel group.

5. Presentation to the Screening and Champion Committee - The company will then be introduced to the Committee by the Champion and give a 15 minute presentation to the Committee. The Committee will then notify the company if they would like to have the company present to the full membership. [See presentation template.]

6. Presentation to the Full Membership - The company will then be introduced to the full membership by the Champion and give a 15 minute presentation to the Membership.

7. Due Diligence - Those of the full Membership that have an interest in potentially investing in the company will then hold follow-up investor meetings and perform due diligence with regard to the investment opportunity.

8. Investment - Once Due Diligence is complete and a term sheet has been agreed upon those members that have an interest in making an investment will make an investment in the company.