Investment Criteria
Submitting a Plan
Useful Links
For Entrepreneurs

Investment Criteria

Aurora prefers to make its initial investments in companies that meet the following criteria:

Geography
Southeastern and Mid-Atlantic United States

Industries

Life Sciences

  • Biotechnology
  • Medical Devices
  • Therapeutics
  • Healthcare Services 
       

Information Technology

  • Emerging Technologies
  • Internet, Software
  • Semiconductors 
  • Data Communications 

Stage
Seed and Series A; pre-product through early stage revenue

Transaction Size
$50,000 - $2,000,000 for initial investment.  Aurora reserves capital for follow-on investments and has an average total investment per portfolio company of $3,000,000 - $6,000,000

Control
Aurora prefers to be the lead or co-lead investor and have a board seat.

Submitting a Plan

If you feel your business matches our criteria, please submit your business plan or summary to afinfo@aurorafunds.com

Once you have submitted a plan:

  • Aurora’s staff will review the plan and get back to you within 2 weeks.
  • There is no need to contact us unless you have not heard from someone at Aurora within 2 weeks.
  • If we feel it is necessary for you to come in to present your business plan, we will contact you
  • Aurora performs due diligence on companies they are interested in
  • Aurora does not sign Non Disclosure Agreements but Aurora does make every effort to ensure the confidentiality of the entrepreneur’s ideas and business plans.
  • Aurora reviews a minimum of 2,000 business plans each year
  • Aurora usually makes 10-12 investments each year.

Useful Links:
  
Council for Entrepreneurial Development -
www.cednc.org
Mid-Atlantic Venture Association (MAVA) - www.mava.org
National Venture Capital Association (NVCA) - www.nvca.org
North Carolina Biotechnology Center - www.ncbiotech.org
North Carolina Electronics & Information Technologies Association (NCEITA) - www.nceita.org
North Carolina Technological Development Authority - www.nctda.org
Small Business & Technology Development Center - www.sbtdc.org
American Entrepreneurs for Economic Growth - www.aeeg.org