Another place where angels sometimes congregate is the business
incubator. Angels like new business activity, and incubators are
often full of promising start-ups. According to Dinah Adkins,
executive director of the National Business Incubation Association,
some 60 percent of the 550 business incubators in North America
offer formal or informal access to early-stage financing, which
often means angels.
In addition, many incubators screen applicants, offering what
amounts to a quality-control mechanism that attracts investors. In
short, you can gain access to angel investors simply by being a
member of the club. You can obtain a list of incubators nationwide
by sending a self-addressed stamped envelope to the National
Business Incubation Association, 20 E. Circle Dr., #190, Athens,
OH, 45701-3751. You can also call (740)593-4331 or visit its Web
site at http://www.nbia.org.