Investors Meet with Entrepreneurs; Foster Growth of Economy

In support of entrepreneurship and economic development in the Garrett County and Western Maryland, Garrett College again hosted the Maryland Mountain Angels Investment Group (MMAIG) for a meeting with individuals “pitching” their ideas for new business ventures. About one dozen Angel members attended in person, with other members briefed before, during, and after the three hour session

Mike Tumbarello, Garrett College coordinator of the Garrett Center for Entrepreneurship and the Garrett Information Enterprise Center, facilitated the meeting between investors and potential business developers. In addition he coached the presenters in the preparing their concepts to be delivered for consideration by the investors.

Attendees heard from four people who represented entrepreneurial concepts that included a commercial building that would include a restaurant as well consumer and commercial rental units; an electronic home plate that measures balls and strikes and comes with related application software to enhance coaching; a “water chopper” designed to glide along waterways such as Deep Creek Lake; and a design-and-build furniture manufacturer seeking to grow nationally.

Investors were also briefed about status of former presenters. “The entrepreneurs we have met with previously have made significant progress in most places and have benefitted from our coaching and mentoring. Though we have not funded anything yet, we are in the due-diligence phase with a few.  Some that were truly not ready for funding have been invited back to pitch when they are further along. We also support them with advice and coaching to differing degrees as they further develop their plans,” Tumbarello said.

According to Tumbarello, MMAIG is looking for both new entrepreneurs seeking funds as we;; as qualified investors to join the group. “The MMAIG continues to grow and build traction.  We are seeing continued interest from both entrepreneurs seeking to tell their stories and potential member investors, both of which are needed to help drive business formation in Western Maryland.  We are actively seeking both new pitchers and new angel investors in our quest to build momentum and impact,” he said.

Anyone interested in either pitching as an entrepreneur or joining as an investor may contact Mike Tumbarello at the Garrett Center for Entrepreneurship, which is located in the Garrett Information Enterprise center (GIEC) on the Garrett College campus. He can be reached at 301-387-3167 and at This email address is being protected from spambots. You need JavaScript enabled to view it. This email address is being protected from spambots. You need JavaScript enabled to view it.
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