FIND A LOCATION

  • NORTH FORGE SMARTPARK

    WINNIPEG

    CEO: Joelle Foster

    441 – 100 Innovation Drive
    Winnipeg, Manitoba R3T 6G2• P: 204-262-6400

  • North Forge | East

    PINAWA

    President: Shane Li

    24 Aberdeen Avenue
    Pinawa, Manitoba R0E 1L0 • P: 204-753-5170

  • Fabrication Lab

    WINNIPEG

    Vice-President: Marney Stapley

    125 Adelaide Street
    Winnipeg, Manitoba R3A 0W4 • P: 204-799-2033

  • North Forge | North

    THE PAS

    University College of the North
    436-7th Street East, The Pas, Manitoba R9A 1M7
    (204) 623-0311

SEE ALL

Do you have the wings to become a North Forge Angel Network Investor?

North Forge Angel Network Manager, Gloria Thom

How do you solve the access to venture capital void Canadian prairie entrepreneurs have been experiencing for decades? You build an Angel Network right here in Manitoba!

Gloria Thom North Forge Angel Network Manager
Gloria Thom, North Forge Angel Network Manager

“North Forge believes in a vibrant Canadian economy fueled by startups and their founders. The North Forge Angel Network is forging relationships with angels and early-stage investors who demonstrate expertise and strong values,” Gloria Thom, Manager of the North Forge Angel Network, proudly says.  

In Canada, 50% more unique startups have opened a business in 2021 than in 2020. As a result, startups and investors will be able to heal our economy from the inside out.

The North Forge Angel Network (NFAN) is making effective strides to boost the early-stage investment ecosystem across Canada. Since its inception in February of 2021, the NFAN has obtained membership representing over 1,500 angel investor individuals, syndicate groups, and investment firms.

What makes the NFAN different from other Angel Networks?  Firstly, the network is open to all investors across North American and Europe. Secondly, North Forge Technology Exchange (North Forge) has created a unique lifecycle for startups, with programming from ideation stages through incubation to acceleration and access to capital all under one roof, with no membership fee for investing members. North Forge’s commitment to seeing that founders have a solid business foundation and a marketable product or service ensures that they are ready for investment before they have the opportunity to pitch to NFAN. 

Many North Forge founders have been a part of the North Forge family since their very early beginnings – guided from when they register their business name into incubation, preparing for capital injection. When it comes time to start pitching for capital, North Forge Entrepreneurs-in-Residence (EIR’s), Growth Coaches, and valued mentors spend one-on-one time ensuring their well-vetted due diligence documents are ready to go before pitching to potential investors. This vetting benefits the angel investors as they know going into a deal screening that the early-stage founders have a startup that is ready for growth. 

North Forge is committed to raising the profile of female investors. Becoming a part of the Women’s Equity Lab (WEL), North Forge has founded WEL Manitoba and will provide female investors with the opportunity to equally share the lead role in building innovative tech-enabled and advanced manufacturing companies right here in Manitoba. WEL Manitoba strives for shareholder equality to bring forth women advisors, leadership, and equality in the boardroom.

NFAN welcomes both accredited and non-accredited investors. NFAN follows the Manitoba Securities Commission rules, protecting investors and promoting fair and efficient capital markets throughout the province. In Manitoba, individual accredited investors are usually considered high-net-worth individuals who must meet a minimum threshold income of $200k per year or $300k per year with a life partner for two years running. Alternatively   there is also the option to become accredited when someone holds a minimum of $1M in assets.  Unaccredited investors have a few exemptions so that they can begin their portfolios as well through the capital raising friends, family, and business associates exemption

North Forge works closely with each entrepreneur and guides them through the unique four-stage Founders Program, which provides comprehensive resources combined with regional knowledge and international experience.

Angel Investors carefully consider both the founding entrepreneur’s character qualities together with the potential success of their startups when making investment decisions. Drive, commitment, and willingness to work with advisors to grow or scale quickly to reach the market more efficiently are just a few of the qualities that angels assess when they meet with potential founders for investment.  

Angels will deep dive into the company’s revenue model, business plan, market validation, financial projections, including a profit and loss statement (if the startup is revenue positive) over the previous year or two to discover the potential and size of return on their investment. North Forge has licensed DealPoint so that each founder has a data room in the North Forge Deal Room. Overall, there is a lot of due diligence completed before funds cross the table.

Gloria Thom North Forge Angel Network Manager

Investors are synonymous with risk. However, angel investing holds an altogether different level of risk, with each investor having a diverse range of risk comfort levels. “Early-stage investing is always going to carry some element of risk, likely higher than that of an established company,” Gloria revealed. “However, the dividends for jumping in on the ground floor may be much greater for an investor in the long run.”

Angels also understand that early-stage companies will take longer to show revenue and profit and are willing to play the long game towards their investment goals. The more angels invest, the more successful they become at predicting which startups may or may not be successful in the marketplace.

The North Forge Angel Network is “committed to ensuring that new sustainable companies join the marketplace both now and in the generations to come,” Gloria concluded. If you are interested in learning more about the North Forge Angel Network or would like to join as an angel investor, an Expression of Interest form is available for you to complete or email Gloria Thom, and she’ll set up a meeting to review specifics.

If you are a founder in technology or advanced manufacturing and are interested in the North Forge four-stage Founders Program to work toward accessing the North Forge Angel Network, you can learn more and submit your application form here.

Rodrigo de Alvarenga Growth Coach with North Forge

Growth Coach Strategy with a North Forge Expert; Rodrigo’s Journey

READ MORE
Mary Lobson, Founder of REES Community

Technology to Support and Empower Assault Survivors

READ MORE
Marney Stapley, Vice President of North Forge Technology Exchange

3D Printing Spare Parts, Prototypes and End-Use Parts at the FabLab™

READ MORE

Supporters

North Forge Technology Exchange partners with PCL Construction Inc.

PCL Construction Inc.

From small renovations to complex billion dollar projects; from modular construction, to advanced digital technologies, to cutting-edge sustainability, PCL has you covered.

LEARN MORE
North Forge has partnered with 6P Marketing

6P Marketing

6P Marketing is your collaborative marketing agency, working with you to achieve your goals.

LEARN MORE

Bell MTS

Bell MTS is part of Canada’s largest telecommunications company, providing Manitobans with Mobile phone, TV, high speed Internet, and Home phone service.

LEARN MORE

Thompson Dorfman Sweatman

At Thompson Dorfman Sweatman LLP (TDS), we are devoted to serving our valued clients. Our collegial workplace fosters greater teamwork, responsiveness and communication, providing better results for clients. TDS is Manitoba’s largest independent law firm.

LEARN MORE

Bit Space Development

Bit Space Development Ltd. is an interactive digital media studio that specializes in creating innovative learning experiences for the classroom and workplace. We work with educators and industry professionals from around the world to develop effective solutions for education and training using cutting edge digital media technologies.

LEARN MORE

Princess Auto

For more than 85 years, Princess Auto has been supplying trade professionals, home mechanics or people who simply love building things with the tools and equipment they need to figure it out – whatever that “it” may be. With a unique assortment of tools, equipment and products, ranging from hydraulics to welding, Princess Auto complements the home improvement sector rather than competing with it.

LEARN MORE
Bockstael logo

Bockstael

For over 100 years the Bockstael name has been synonymous with construction in Manitoba. From the humble beginnings of a Belgian carpenter, to the fourth generation of family ownership, building is in our blood. We pride ourselves on world-class innovation and a client-first approach to doing business. This is our commitment to serving the province we choose to call home for the next 100 years — and beyond.

LEARN MORE

Stu Clark Centre for Entreprenuership

The Stu Clark Centre for Entrepreneurship (SCCE) is here to support entrepreneurial activities across the entire University of Manitoba campus. In addition to supporting students at the I.H. Asper School of Business we also support students from ALL faculties across the University of Manitoba – Fort Garry and Bannatyne Campus including: Faculty of Engineering, Faculty of Agriculture and Food Sciences, Faculty of Science, Faculty of Medicine, Faculty of Education and more!

LEARN MORE

SevenOaks School Division

LEARN MORE

Maples Met School

LEARN MORE
Pinawa logo

LGD Pinawa

LEARN MORE
North-Forge-Logo

North Forge Technology Exchange

LEARN MORE

SEED - Altona

LEARN MORE

Portage Regional Economic Development

LEARN MORE

Morden & District Chamber of Commerce

LEARN MORE

Morden Community Development Corp

LEARN MORE

Community Futures Heartland

LEARN MORE

Access Credit Union

LEARN MORE
North-Forge-Logo

North Forge East

LEARN MORE

Community Futures Winnipeg Rivers

LEARN MORE

Barkman Concrete Ltd.

LEARN MORE

Pinawa Community Development Corporation

LEARN MORE

Western Economic Diversification Canada

LEARN MORE

Government of Canada

LEARN MORE

University of Manitoba

LEARN MORE

Fabbaloo

LEARN MORE

Red River College

LEARN MORE

Manitoba Government

LEARN MORE