RAIN MAKER: PERFORMANCE SUPPORT RESOURCES AND TOOLS FOR REGIONAL ANGEL INVESTMENT NETWORKS

Period of Performance: 01/01/1998 - 12/31/1998

$64.8K

Phase 1 SBIR

Recipient Firm

CEO PRAXIS INC
100 N 3RD ST
Grand Forks, ND 58203
Principal Investigator

Abstract

Equity capital markets are unorganized or non-existent in rural areas with most capital directed outward. Emerging growth companies have difficulty obtaining equity capital - precisely the kind of companies that rural America must develop to increase earnings or workers. The key to attracting investment of capital and know-how to rural areas is to create regionally-based organizations capable of capitalizing and managing equity investment funds. Then, to build the capacity of these organizations to 1) evaluate the potential of opportunities, 2) work with companies in assembling an effective board of director, and 3) connect and work with extralocal and expatriate investors of capital and know-how.