How We Operate

The members of BioAngels meet monthly in Adelaide, South Australia to access, discuss, review and evaluate potential investment opportunities in the general field of Life Sciences.  At meetings, members share their investment and mentoring experiences. We help investee companies through the provision of business expertise, and where applicable we assist in the preparation of applications for competitive grants, link investees with other angel networks and, where appropriate, introduce investees to venture capital fund managers.

 

Investment Criteria & Targets

BioAngels’ investments are targeted at promising early-stage Life Sciences companies that have been established by entrepreneurs and are seeking both capital and mentoring assistance. Our members are committed to providing mentoring support to investees and will call upon each other to assist with this added value.

Ideally, BioAngels seeks investee companies that have capable and experienced management, a product or service that answers a market demand, has a protectable competitive advantages, revenues or near revenues, and one in which our commitment of capital, time and skills will make a real difference. Companies with the need for long-term and expensive R&D programs before they expect to become profitable are likely to be less attractive to us.

 

Expectations

We expect that entrepreneurs seeking investment funding have developed a suitable business plan for the company that, although not necessarily a lengthy document addresses all the following:

Product or service, the point of difference, similar products

  • Technology / Service platform / Service application
  • Competitive advantage
  • Status of product or service development

Market opportunities

  • Total and accessible market
  • Competitors / Limitations / Scalability

IP and freedom to operate

  • Description of patents portfolio and status
  • Agreements, licensing and other
  • Potential claims by third parties

Company/Enterprise structure – current and proposed

  • Current equity holders, directors and managers, advisors
  • Organisational structure

Commercialisation - and how to achieve it

  • Path to market - proposed distribution and market penetration
  • Milestones, must be linked to financial inputs

Financials

  • Current financial position (P/L, cash-flow, equity input by entrepreneur)
  • Financial projections (P/L and cash flow)
  • Expectation of financial support from BioAngels
  • Other equity partners (current and future)
  • Milestone linked to Financials
  • Exit strategy for investors
  • Current and projected valuation of company
  • Proposed share structure

Expectations of level of mentoring support from BioAngels

  • Potential board position
  • Other input