Wednesday, March 29, 2023

A test for respiratory diseases and a funeral home comparator, the first venture funded by NAAC Business Angels

Advanced Entrepreneurship Institute has added funding for entrepreneurs to its training and mentoring proposition through NAAC Business Angels, a financial tool created by Advanced Entrepreneurship Institute that connects investors to entrepreneurs and startups. The investment forums are launched with the presentation of the first two projects that will receive an injection of capital that will allow them to develop their business idea. Juan Claudio Abello, president of the Institute for Advanced Entrepreneurship, explained to investors that NAAC aims to be a point of association between financiers and entrepreneurs who generate projects of social interest. “We look for ideas that are good, useful and that add value to society to support them throughout the process and no good project is lost due to lack of funding,” he commented.

NAAC Business Angels team of professionals analyzed over twenty projects, shortlisting NanoDecal and Phanos and providing them with the necessary funding to launch their projects. “It’s been incredible for us to be able to start with a piece of bread under our arms, because it means we can focus on making the idea a reality,” said Roberto de la Rica, CEO of NanoDecal. start up The technology is dedicated to the diagnosis and early prevention of respiratory diseases.

In the case of Fanos, a funeral service price comparator, NAAC funding is added to the accompanying business plan, opening new avenues for growth. “we need money MarketingBecause it’s a business to attract and sell to a team with the potential to grow, and we need a part of that for the product”, explained Marc Valhonesta, the company’s CEO.

At the meeting, part of Entrepreneurship Tuesday sponsored by Iberdrola, two projects were also presented for evaluation by a select group of investors convened by NAAC. One of them is Hammertec Rail, which provides technical solutions for the diagnosis and maintenance of railway infrastructure. “We have set up the company, we have successfully tested on real bridges and now we need to make a jump to go to market”, commented its CEO Eduardo Romo Uroz. Its short term objective is to obtain funding of 500,000 Euros to develop a marketable device model.

The other project presented is PLD Space, a “European pioneer micro-launcher of small satellites in space” that is developing “the first European rocket developed with private capital”, in the words of José Manuel Rodríguez Persson, CFO of the company. . After three rounds of financing in 2013, 2017 and 2021, the company is now immersed in the fourth: “We have raised 15 million euros and we have the possibility to take it to 20 or 25 million.”

Nation World News Desk
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