Purdue Research Foundation establishes network for angel investors
February 24, 2010
WEST LAFAYETTE, Ind. - Select investors who provide capital for startup businesses will benefit from a program that provides a first look at companies commercializing technologies developed at Purdue University.
The Purdue Research Foundation has established the P3 Alliance - "Purdue, People, Performance" - as an angel investment network that provides investment information and connects individuals to firms or new technologies in which they may choose to invest. Prospective members are invited to apply online.
Members of the P3 Alliance will receive an online subscription to https://www.p3-alliance.com, the network's Web site. They also will receive invitations to three or four annual events featuring company presentations, access to documentation from firms seeking angel-level investments, and the ability to interact online with network participants and management.
"The P3 Alliance will provide the necessary capital to commercialize innovative products and processes that are discovered in Purdue laboratories," said Joseph B. Hornett, senior vice president, treasurer and COO of the Purdue Research Foundation. "Purdue researchers will be able to deliver their discoveries to the marketplace on a much faster schedule, which means the public will benefit earlier and the economy will benefit through increased economic development."
Membership fees for the P3 Alliance are $500 annually, which defray the cost of operating the network and hosting investor meetings and company presentations. After a prospective member's online application has been reviewed and accepted, members will be notified by e-mail and invoiced for their membership dues. For more information, visit the P3 Alliance at https://www.p3-alliance.com
About Purdue Research Foundation
The Purdue Research Foundation is a private, nonprofit foundation created to advance the mission of Purdue University. The foundation accepts gifts; administers trusts; funds research, scholarships and grants; acquires property; and negotiates research contracts on behalf of Purdue. In the 1990s, the foundation was charged with helping the university in the realm of economic development. The Purdue Research Foundation oversees the Purdue Research Park, which is the largest university-affiliated business incubator in the country. In addition to the Purdue Research Park of West Lafayette, the foundation has established technology parks in Merrillville, New Albany and Indianapolis.
Purdue Research Foundation contact:
Steve Martin, 765-588-3342, sgmartin@prf.org
Source:
Joseph B. Hornett, 765-588-1039, jbhornett@prf.org
