An organization in Southern California offers entrepreneurs and inventors in the early stages of the development process the opportunity to draw from the collective wisdom of more than 100 experienced entrepreneurs, senior corporate executives, and skilled professionals representing a variety of industries and venture capital affiliates. Founded in 2000, the Pasadena Angels is a nonprofit organization run by leading private investors dedicated to providing long-term human and financial capital to help build successful companies.
Each year, nearly 100 entrepreneurs and inventors, representing a broad spectrum of industries, submit applications to the Pasadena Angels. Once each of these hopeful new business owners has been screened and accepted, he or she is assigned an Angel mentor in his or her corresponding field of expertise. From their mentors, entrepreneurs and inventors receive guidance and support in the areas of business development and financing strategies. Mentors work with entrepreneurs for varying amounts of time, from two months to two years; it all depends on how quickly they can progress through the steps.
As they deem appropriate, the Pasadena Angels invest their time and financial resources in budding entrepreneurs and inventors who they believe have significant potential for success, as well as potential to benefit from association with the organization. The Pasadena Angels charge no fees for services rendered.
One executive committee member of the Pasadena Angels is Dr. Kevin J. Scanlon, Founder and CEO of International BioScience. He brings his experience and expertise to emerging entrepreneurs in the biotechnology community, and he currently mentors and supports entrepreneurs throughout the venture capital community as a member of both the Pasadena Angels and its sister organization, the Tech Coast Angels of Los Angeles.
Dr. Scanlon received his Ph.D. in Biochemistry from the University of London and his post-doctoral training in molecular pharmacology at Yale School of Medicine in New Haven, CT. He is distinguished as both a molecular biologist and gene therapist, and his background includes additional expertise in academic medicine, pharmaceutical industry management, and graduate school course development and instruction.
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