Startups with ties to the University of Miami – alumni, students, faculty, staff – will soon be able to potentially tap into a new source of capital: The Cane Angel Network.
Norma Kenyon, Vice Provost of Innovation at the University of Miami, has been working to set up the Cane Angel Network, which will be run by a managing director with investing experience. The new director (the Cameron Carmichael executive search firm has been retained to find the candidate) will have a staff of 8 to 10 top graduate business, law and engineering students and medical residents to assist with due diligence. The director will work with a network of accredited angel investors, all with UM ties. Knight Foundation is providing funding to kick off CAN.