National Angel Capital Organization
Encyclopedia
The National Angel Capital Organization (NACO) is the industry association for angel investor
groups in Canada
. Since its founding as National Angel Organization (NAO) in 2003, the NAO has published The Primer for Angel Investment in Canada (2003) and Age of the Angel: Best Practices
for Angel Groups and Investors (2007). NAO changed its name from NAO to NACO in 2008.
NACO was formed after the second Angel Investor Summit (2002), convened by CHIN UP Fund and chaired by Henry Vehovec. Since then NACO has continued to annually organize an angel investor summit to encourage networking, education, co-investment and sharing of best practices. NACO has spawned the creation of numerous angel groups across Canada, established the Co-Investment Summit and in 2008 launched awards for the top ten angel investments in Canada.
The NACO's website provides an industry newsletter
, links to best practices materials and lists angel groups across the nation.
The founding President and Chair of NACO was Henry Vehovec of Mindfirst and CHIN UP Fund in Toronto
. He was succeeded by Dan Mothersill of the Ciris Group in 2004, who in turn was succeeded by Bryan Watson in 2010. The current co-chairs of the organization are Andrew Wilkes and Michelle Scarborough. In recognition of his dedicated volunteer efforts the NACO conferred on Mr. Vehovec the title of Honorary Chair and lifetime membership in 2005.
Angel investor
An angel investor or angel is an affluent individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity...
groups in Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
. Since its founding as National Angel Organization (NAO) in 2003, the NAO has published The Primer for Angel Investment in Canada (2003) and Age of the Angel: Best Practices
Best practice
A best practice is a method or technique that has consistently shown results superior to those achieved with other means, and that is used as a benchmark...
for Angel Groups and Investors (2007). NAO changed its name from NAO to NACO in 2008.
NACO was formed after the second Angel Investor Summit (2002), convened by CHIN UP Fund and chaired by Henry Vehovec. Since then NACO has continued to annually organize an angel investor summit to encourage networking, education, co-investment and sharing of best practices. NACO has spawned the creation of numerous angel groups across Canada, established the Co-Investment Summit and in 2008 launched awards for the top ten angel investments in Canada.
The NACO's website provides an industry newsletter
Newsletter
A newsletter is a regularly distributed publication generally about one main topic that is of interest to its subscribers. Newspapers and leaflets are types of newsletters. Additionally, newsletters delivered electronically via email have gained rapid acceptance for the same reasons email in...
, links to best practices materials and lists angel groups across the nation.
The founding President and Chair of NACO was Henry Vehovec of Mindfirst and CHIN UP Fund in Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
. He was succeeded by Dan Mothersill of the Ciris Group in 2004, who in turn was succeeded by Bryan Watson in 2010. The current co-chairs of the organization are Andrew Wilkes and Michelle Scarborough. In recognition of his dedicated volunteer efforts the NACO conferred on Mr. Vehovec the title of Honorary Chair and lifetime membership in 2005.