The first fund, NLAF 1, had invested in at least a dozen companies at the start of this year. The organization’s second fund, NLAF 2, is a $3 million fund made up of over 60 accredited investors.
NLAF 2 has partnered with universities across Louisiana to share everything their business school students need to know about angel investing. The participating universities include LSU Shreveport Foundation, Centenary College, Louisiana Tech University Foundation, University of Louisiana at Monroe Foundation, Grambling State University Foundation, and Northwestern State University Foundation.
A total of $75,000 has been awarded to the universities and foundations so they can participate in NLAF 2. “With this NLAF 2 partnership we hope to open the world of investing and entrepreneurship to promising students in North Louisiana, who we believe will become active entrepreneurs or supporters of the startup community in North Louisiana,” said John F. George Jr., President and CEO of of the Biomedical Research Foundation.
“Ultimately our goal is to provide an invaluable opportunity for our local colleges of business to become more knowledgeable, involved and supportive of the entrepreneur ecosystem that NLAF and others are building and promoting in this region,” continued George.