Dorset Business Angels (DBA) April pitch event has been relaunched as a virtual pitch platform which will enable 5 businesses the opportunity to continue to seek investment from the business angels.
DBA Chairman Don McQueen said, “Despite the current Coronavirus pandemic and the extremely challenging times that we are experiencing, we have decided to carry on with our pitch event. We had initially considered cancelling the quarterly pitches but it became very evident that the businesses involved were very keen for it to continue.
“The DBA investors and our partners feel that it is our duty in the current climate to reach out to businesses, help out with funding, provide inspiration, mentoring and much needed enthusiasm and commitment.”
Ian Girling, CEO of Dorset Chamber of Commerce commented, “We all need to think differently about how we do business in these times, it’s essential to keep the wheels of businesses moving forward. Investment is needed more than ever and I commend the commitment of Dorset Business Angels to the business community and seeking to carry on with their investments but via a changed platform.”
The 5 pitching businesses will upload their presentations to a DBA Members’ hub online. Angels will be able to submit questions to the entrepreneurs and register interest, where appropriate.
DBA was formed in 2013 with the aim to bring investors and entrepreneurs together to accelerate the growth of early stage businesses. DBA provides quality, private equity investment opportunities to local high net worth (HNW) and sophisticated investors (SI).
Four times a year companies are invited to attend an event at which they pitch their business to the savvy Angels in a Dragon’s Den type scenario. Angel investment might come from a single investor or it could be 2 or 3 Angels pooling funds together to support a company. Any investments are in the form of an equity investment and not a debtor’s loan. Investments are made across all sectors.
DBA is sponsored by Saffery Champness Accountants, Ellis Jones Solicitors and Investec Wealth and Investment.