The partnership, dubbed the “JumpStart NJ/Westchester Angels Strategic Alliance,” will see the two organizations grow membership and boost deal flow for members, providing new opportunities for investors and startups, they said in a news release.
“The JumpStart NJ/Westchester Angels Strategic Alliance partnership will accelerate deal flow significantly, raising more capital for startups across the tri-state area,” Stephen Dyer, chairman of the JumpStart New Jersey Angel Network, said in a prepared statement. “Together, we can take an already-impressive entrepreneurial landscape to the next level.”
Under the partnership, each group’s members will collaborate on investor meetings and due diligence, speeding the unlocking of deals, mentorship and capital.
“When a collaboration works right, the whole is greater than the sum of the parts,” Sandy Wollman, co-founder and managing director of the Westchester Angels, said in a statement. “And that’s exactly the case with the JumpStart NJ/Westchester Angels Strategic Alliance. By pooling our due diligence efforts, the vast experiences of our members and other resources, we can grow the quality and quantity of entrepreneurship in the region.
“We’re on track to reach a critical mass of entrepreneurs in Westchester and New Jersey — which will transform the area into even more of an innovation hub.”