<article>The Business Trust Marlborough in New Zealand has teamed up with local entrepreneur Richard Coon to establish Angel Investors Marlborough (AIM) in a bid to assist early stage startups.</article>

The Business Trust Marlborough in New Zealand has teamed up with local entrepreneur Richard Coon to establish Angel Investors Marlborough (AIM) in a bid to assist early stage startups.
The network will be launched on August 3 in the country&#8217;s south island, as per an invitation seen by DEALSTREETASIA.
AIM currently has 30 members, who are locally based seasoned investors, business people and entrepreneurs, all qualify as wholesale investors, said a Business Trust Marlborough statement.
The angel group looks at investments ranging from $50,000 to $1 million, primarily in Marlborough. However, it added that opportunities across New Zealand as well as other parts of the world will also be considered.
Founded by British-born Richard Coon, director of insurance firm <a style="color: #000080;" href="https://www.dealstreetasia.com/tag/partners-life/">Partners Life</a> and reverse mortgage Sentinel, AIM works closely with Business Trust Marlborough that runs the Business Mentors programme in Marlborough.
AIM is also a member of the Angel Association of New Zealand.
“This will provide an opportunity for new Marlborough startups looking for capital to explore the world of angel investors, matching them with mentors to assist them to get investment ready,” the Business Trust Marlborough said.
Once formally launched, AIM will cooperate with other angel consortia in New Zealand to provide opportunities for members to invest in startups from around the country as well as Marlborough.
&#8220;We&#8217;re looking for businesses that have some reasonable national or international potential, we&#8217;re not looking for a local fish and chip shop or something like that,&#8221; Coon told the Marlborough Express.
The investment club is also applying for Seed Capital Investment Fund accreditation, which would allow them to apply for matching investment funds from the New Zealand Venture Investment Fund, the news site reported.
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The angel group looks at investments ranging from $50,000 to $1 million, primarily in Marlborough, while also considering opportunities in other parts.

Angel Investors Marlborough to launch in NZ, eyes up to $1m funding rounds

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Angel Investors Marlborough to launch in NZ, eyes up to $1m funding rounds

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