"Angels" Hear Ideas for New Businesses in Garrett County

The Garrett Information Enterprise Center (GIEC) at Garrett College recently hosted the first meeting between the new Mountain Maryland Angel Investor Group (MMAIG) and local startup entrepreneurs. This opportunity for local entrepreneurs to present their business concepts came in the wake of the recent visit to GIEC of the Pitch Across Maryland bus stop in Garrett County, which was also sponsored by GIEC.

Angel Investor Groups have formed at the grassroots level in communities across the country. They consist of successful business people who are willing and able to assist startup entrepreneurs bring their business concepts to fruition. The Maryland Mountain group members, who live, work, or have second homes in Garrett County, coalesced around the premise of “Invest where you live and play.”

GIEC coordinator Mike Tumbarello, who spearheaded the two recent opportunities for entrepreneurs, explained how the investor groups work. “Angel group investors are trying to ‘do well by doing good’ within their local areas. The MMAIG members are helping entrepreneurs get funding to develop their ideas which will create new businesses and jobs in Garrett County,” he explained.

About 15 investors participated in the MMAIG meeting with entrepreneurs at GIEC, which was divided into parts: a closed session of investors present; and a session in which four entrepreneurs presented their business concepts. “Our four presenters were all local residents with a wide range of ideas. Cliff Knoll’s concept dealt with internet coverage and content for the tri-state area; Midge Russell described a comfort and medical device which she developed; Dmitry Kubin demonstrated his creation of a mobile anchoring device for use by consumers, military, and police; and Steve Gibson outlined plans for a convenience and gasoline site in Garrett County. All the pitches were well received and reflected the diversity of opportunities Mountain Maryland’s angels will be looking at as we continue to bring entrepreneurs to the table,” Tumbarello said.

The next pitch meeting is scheduled for January 2013. Anyone who would like to discuss pitching an idea to the MMAIG angels is encouraged to contact Tumbarello at 301-387-3167.