Impact Angel Fund is a venture capital fund with over 30 private investors from eight counties and matching funds from the Ohio Third Frontier Program. We invest in early-stage technology companies in our region and throughout Ohio.

Selection Criteria


Ohio-based companies.

Early-stage technology-based opportunities which include:

  • Bioscience/Medical
  • Advanced Materials
  • Automation
  • Energy and Power Management
  •  Surveillance
  • Information Technology.

Investment Strategy


Invest in five to six companies.

Negotiate sidecar investment option for members and others.

Focus on long term capital gains.

Fund milestones leading to:

  • Follow-on venture investment
  • Exit


What We're Looking For

  • Unique or breakthrough ideas with barriers to entry.
  • Large potential market.
  • Entrepreneurs who are flexible, have proven capabilities, have skin in the game, and have high ambitions. Marketing and sales skills in taking new technologies into new markets are particularly valued.
  • Exit potential. Entrepreneurs must demonstrate how they plan to position the company to be acquired or achieve an initial public offering.