IMPACT Magazine

IMPACT

best way to support a community is to be a part of it.

At the heart of every community, you’ll find organizations fueled by committed people who are passionate about building a better future for us all. We are inspired by our friends at Northern Ontario Angels and their commitment to fostering innovation and economic growth. Congratulations and thank you for 20 years of support and mentorship of Northern Ontario entrepreneurs. rbc.com/community

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Message from Our Leadership

Reflecting on Two Decades of Connection, Innovation, and Northern Pride

Angel Investing 101

Supporting Startups with Capital, Mentorship, and Vision. Ready to get involved?

Ready to Seek

Investment?

How to Evaluate Your Startup’s Investment Readiness and Make a Confident Pitch

Rolling Up Our Sleeves

Fueling Economic Development by Supporting Northern Ontario’s Innovation Economy

Trailblazer of the North Mary Long-Irwin's Enduring Legacy: Paving the Way for Northern Ontario's Innovation, Investment, and Entrepreneurial Success

Innovators

From Ideas to Impact: Some of the Entrepreneurs Behind Northern Ontario’s Rising Innovation Economy

Investors

Empowering Growth: How Northern Ontario Angels' Accredited Investors are Fueling Innovation and Economic Transformation

Connectors

Collaboration at the Core: The Essential Role of Our Partners in Connecting Innovators and Investors Across Northern Ontario

A Message from Our Leadership: Celebrating 20 Years of Innovation

This year marks a significant milestone for Northern Ontario Angels as we celebrate 20 years of building connections that drive innovation, growth, and opportunity across the region.

In this special anniversary magazine, IMPACT, we reflect on the people and partnerships that have shaped our story. Inside you’ll find the voices of entrepreneurs who turned bold ideas into successful ventures, accredited angel investors who believed in local potential, and partners who helped strengthen the foundation of Northern Ontario’s innovation economy. You’ll also meet the dedicated team behind NOA, whose commitment continues to move our mission forward.

Northern Ontario Angels is truly a pan-northern organization, with board members, consultants, and staff from communities including Parry Sound, North Bay, Timmins, Sudbury, Sault Ste. Marie, Manitouwadge, Thunder Bay, Kenora, and Muskrat Dam. These communities span the vast and rugged geography of Northern Ontario—a region where the distances are great, but the connections are powerful. Northern Ontarians are deeply proud of where they live, and that pride fuels a strong sense of community, resilience, and collaboration. As you read the stories in this magazine, you’ll hear that pride come through where many of the features reflect the deep connection people feel to the North, and the unique experiences of living, working, and building a future here.

The strength of NOA lies not only in our milestones, but in the enduring relationships we’ve built. Our valued partners and accredited angel investors are essential to everything we do. These investors fuel the innovation economy by providing more than capital—they bring experience, mentorship, and a belief in the talent and potential of Northern Ontario entrepreneurs. Their support has been instrumental in helping early-stage

Funded by:

companies take root, scale, and thrive.

Since our inception, Northern Ontario Angels has facilitated over $250 million in investments, helping hundreds of companies grow and succeed. These investments have strengthened the economic fabric of the region and helped drive a culture of innovation across Northern Ontario.

But numbers only tell part of the story. What truly sets Northern Ontario apart is the brilliance, resilience, and ingenuity of its entrepreneurs. They are building technologies, launching breakthrough products, and solving real-world problems—not only for the North, but for Canada and the world. These innovators are shaping the future of mining innovation, clean tech, health care, natural resources, and more. We are honoured to support them every step of the way.

As we look to the future, our focus remains steadfast: to foster meaningful connections, champion our innovation economy, empower the next generation of Northern leaders, and stimulate economic prosperity - with the continued support of our investors, partners, and communities across our region.

Thank you for being part of this journey.

Ian Lane Executive Director, Northern Ontario Angels

Dan Hollingsworth Board Chair, Northern Ontario Angels

This publication is intended for general informational purposes only and does not constitute financial, investment, legal, tax, or accounting advice. It is not an offer or solicitation to buy or sell any securities. Readers should consult their own professional advisors before acting on any information contained herein, as individual circumstances and evolving market conditions are critical to sound decision-making. The information presented has been obtained from sources believed to be reliable and accurate at the time of publication; however, Northern Ontario Angels makes no representations or warranties as to its accuracy or completeness and accepts no liability for any errors or omissions. Venture investing involves a high degree of risk and is suitable only for individuals who qualify as accredited investors.

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Message from Our Committee Chair

As we celebrate 20 years of connecting accredited investors with entrepreneurs across Northern Ontario, I am proud to reflect on the incredible impact Northern Ontario Angels has made in our region. What began as a bold idea to fuel innovation and support local business growth has grown into a powerful network that has facilitated hundreds of millions in investment and helped turn visionary ideas into thriving enterprises.

This milestone is not only a celebration of past successes but also a testament to the strength of our communities, the resilience of our entrepreneurs, and the commitment of our investors. As Chair of the 20th Anniversary Committee, it has been an honour to work alongside a dedicated group of individuals to bring this celebration to life—recognizing the achievements of our

network while looking ahead to an even brighter future.

On behalf of the Board and the Anniversary Committee, thank you to all who have contributed to this journey. Your continued support ensures that Northern Ontario remains a place where innovation is nurtured, and opportunity is possible.

Megan Dokuchie Board Director/Secretary, Kenora Chair, 20th Anniversary Committee

Message from Kimberley Wahamaa-Deschenes

This year marks 10 years since I first joined the Northern Ontario Angels team — and it’s given me a moment to reflect on how much we’ve accomplished together. I began as a consultant and soon stepped into a permanent role, as Operations and Events Manager, bringing my event planning expertise to our organization.

Over the past decade, I’ve had the privilege of organizing hundreds of investor meetings, pitch events, and inperson gatherings like the Venture North Series — each one different, but all with the same goal: to help Northern Ontario’s innovation ecosystem thrive. I’ve also helped grow our virtual programming, including the Investor Ready Program and Investor Insights webinars, which we deliver alongside our dedicated partners.

One of the more recent highlights has been my role as host and co-producer of It’s My Business — a TV series with Eastlink Community TV that profiles some of the amazing entrepreneurs across the North. The response has been incredible, and I’m excited to help bring the series back for another season.

This year, I’m especially proud to have organized NOA’s 20th Anniversary Celebration, taking place May 29. It’s a full-circle moment — honouring the people, partnerships, and progress that have shaped NOA’s journey.

The past ten years have been filled with growth, challenges, and a lot of meaningful work behind the scenes. I’m honoured our Executive Director, Ian Lane, often calls me “the heartbeat of the organization.” As we move into the next chapter, I’m more inspired than ever to continue creating events and experiences that reflect the strength, innovation, and potential of our region.

With gratitude,

Kimberley Wahamaa-Deschenes Operations & Events Manager Northern Ontario Angels

Meet Our Board.

Message from the Editor

Creating this special edition of IMPACT with the incredible team at Northern Ontario Angels has been, fittingly, impactful.

I joined NOA in October 2024, and this project gave me a front-row seat to the innovation happening right here in our own backyards. From med-tech breakthroughs to mining-tech advancements, the stories in these pages highlight the big ideas, bold moves, and dedicated people driving Northern Ontario forward.

Writing these features and getting to know the people behind them has been truly inspiring. It offered a deeper look at the founders building something from the ground up, the accredited investors supporting their vision, and the community partners making it all possible.

As a new member to the NOA team, this project has been an exceptional way for me to dive right in and get to better know the people, passion, and purpose behind the work we do. I feel incredibly lucky to have joined the

team during such a meaningful milestone as we celebrate 20 years of impact across Northern Ontario.

A big thank you to our team for bringing this publication together - especially to Kimberley Wahamaa-Deschenes, whose outreach and coordination with our partners played a key role in making this edition possible, and to Ian Lane for his leadership and trust throughout the process.

Thank you for reading, for sharing, and for being part of the story. I hope you enjoy IMPACT as much as we enjoyed creating it.

Katie Law Marketing & Events Coordinator Northern Ontario Angels

Dan Hollingsworth Board Chair, Sault Ste. Marie

Jamie Crozier Board Vice-Chair, Thunder Bay

Nathan Dool Board Treasurer, Sault Ste. Marie

Megan Dokuchie Board Secretary, Kenora

Anthony Keating Board Director, Sudbury

Jessica Alves Board Director, Thunder Bay

Kyle Boyko Board Director, Parry Sound

Joe Eibl Board Director, Sudbury

Yannick Benoit Board Director, North Bay

Janet Stockton Board Director, North Bay

Dana Blaquiere Norkum Board Director, Timmins

A Message from the Mayor

Greetings,

On behalf of my colleagues on City Council and the residents of Thunder Bay, congratulations to the Northern Ontario Angels on 20 years since opening your first office here in our great city. What a milestone, one to be very proud of, as your significant contributions have and continue to shape our city and region now and into the future.

Your belief, guidance and investment in the aspirations of our people and the projects they lead have opened many doors. I know the pathways to prosperity will continue to grow stronger as we work together to realize our collective potential.

On behalf of the City of Thunder Bay, best wishes for your continued success in the years ahead.

Sincerely,

Mayor Ken Boshcoff City of Thunder Bay

REACH INNOVATE CONNECT INVEST.

Spanning from Parry Sound in the east to Kenora in the west, Northern Ontario covers over 800,000 square kilometres, an area larger than France. Within this vast region, Northern Ontario Angels (NOA) has established itself as the leading pan-Northern organization driving investment and innovation.

NOA bridges the geographic and economic landscape, linking accredited investors with high-potential entrepreneurs from Thunder Bay to Timmins, Sudbury to Sault Ste. Marie, and every community in between. No matter the distance, our network ensures that capital and opportunity flow seamlessly across the North.

Over the past 20 years, NOA has facilitated millions in investments, helped create thousands of jobs, and supported the growth of businesses in diverse sectors, from mining tech to med tech, clean energy to advanced manufacturing.

Northern Ontario is vast, but our impact is even greater, driving innovation, fostering growth, and shaping a brighter future for communities across the region.

From Parry Sound to Kenora, Northern Ontario Angels bridges the distance, connecting capital with innovation across 800,000 square kilometres.

Where innovation meets investment, across the North.

ANGEL INVESTING 101: How to Become an Angel Investor

Becoming an accredited angel investor is a rewarding way to support innovation while potentially earning substantial returns. Angel investors are individuals who provide capital to early-stage startups, and in return, their ownership may take the form of equity or convertible debt. If you’re considering becoming an angel investor, here’s a simple guide to help you get started:

1

What is an Angel Investor

An Angel investor is a High Net Worth individual who uses personal funds to invest in early-stage companies, typically startups. In Ontario, becoming an accredited angel investor requires meeting criteria set by the Ontario Securities Commission. Angel investors are vital to the innovation ecosystem, providing both critical funding and mentorship to help startups navigate early challenges.

2

Understand What Angel Investing Involves

Angel investing is not for the faint of heart. It involves providing capital to early-stage companies, often before they have significant revenue or a proven business model. The risks are high, but the rewards can be equally substantial if you invest in a successful startup.

3

Assess Your Financial Readiness

Angel investors should have disposable capital they are willing to risk, as early-stage companies often face a high failure rate. Most angel investors are accredited, meaning they meet certain income or net worth criteria set by regulators. Before jumping in, evaluate your financial situation and ensure you’re comfortable with the potential for loss.

4

Learn About the Startup Ecosystem

Successful angel investing requires understanding the startup world. Take the time to learn about emerging industries, business models, and the typical lifecycle of startups. Networking with other angel investors, joining groups like Northern Ontario Angels, and attending pitch events can give you valuable insights.

5

Identify Opportunities

Startups typically seek angel investment when they need capital to scale or reach key milestones. As an angel investor, you'll be involved in finding opportunities, which often comes through startup accelerators, pitch events, or online platforms. Pay attention to companies with a strong team, a compelling vision, and a scalable product or service.

7

Provide Value Beyond Money

Angel investing is more than just a financial transaction; it’s about mentorship. Many startups benefit from the experience and networks that angel investors bring. Offering strategic advice, making introductions to potential customers or partners, and providing guidance can significantly impact the startup’s success.

6

Conduct Due Diligence

Before making any investment, conduct thorough due diligence. Assess the startup’s financial health, its leadership team’s track record, the competitive landscape, and the product-market fit. Angel investors often collaborate with others to spread risk and gain a better perspective on potential investments.

8

Know the "Milestone" Strategy

While the startup journey is exciting, it’s crucial to understand the key milestones with a view on an exit strategy.

9

Start Small and Diversify

As a first-time angel investor, consider starting with smaller investments across several companies to diversify your risk. A diversified portfolio of startups can increase the chances of finding a high-growth company while mitigating potential losses.

Ready to Seek Investment?

A Startup’s Guide to Knowing When It’s

Time

Securing investment can accelerate your startup’s growth, help you enter new markets, and connect you with strategic support. But before you start pitching to angel investors, it’s important to ask a foundational question: Is your business truly ready for investment?

At Northern Ontario Angels, we’ve seen first-hand how preparation — or lack of it — can influence whether a business successfully secures investment. This guide outlines the essential signs of investment readiness and key areas every founder should assess before approaching angel investors.

You Can Clearly Articulate Your Value Proposition

Investors want to back businesses that solve real problems. Can you confidently explain what your startup does, who it serves, and how it stands out from competitors?

If you can summarize your business in one sentence that a non-expert can understand, you’re off to a strong start. If not, it may be time to refine your messaging and revisit the core of your offering.

You've Validated Market Demand

An idea is only as good as the market that supports it. Have you gathered evidence that there’s demand for your product or service? This could come in the form of customer interviews, pilot programs, pre-orders, or early revenue.

Investors look for signs that the market is ready and that you’ve done your homework — not just assumptions based on enthusiasm.

You Understand Your Financials

Whether or not you're generating revenue, you should have a solid grasp and defendable rationale of your financial model. Can you explain your expected costs, how you plan to make money, your current burn rate, and your projected runway?

Clear, realistic financials show that you’re building a business — not just a product.

You Know How Much You Need and Why

Asking for funding without a plan is a red flag. Know how much you’re raising and break down how the funds will be used: product development, hiring, marketing, etc. Make sure it ties into a realistic timeline too, so you focus on building the business and not fundraising. This shows investors that you’re strategic and thoughtful about growth.

"Adopt a scientific mindset. Every setback becomes data. Every unexpected turn becomes an experiment. Everything that doesn't work takes you one step closer to what does."

- Dr. Emily Anhalt, Psychologist and Co-Founder of Coa

Your Business Model is Built to Scale

Investors typically look for businesses with growth potential. Is your product or service something that can expand beyond your local region? Can your operations scale without significantly increasing costs?

If scalability is part of your model, it increases your appeal to investors looking for a meaningful return.

You Have the Right Team in Place

Behind every great startup is a capable, committed team. Investors aren’t just investing in ideas — they’re investing in people. Do you have the necessary skills on your team, or advisors who can fill any gaps?

Have you demonstrated the ability to execute?

A strong team can make even a modest idea succeed — and a weak team can derail even the best idea.

A Quick Checklist for Founders

Clarity & Strategy

I can clearly explain what my business does in one sentence.

I understand who my target market is and what problem I’m solving.

Market Validation

I’ve spoken to or tested with real customers.

I have some form of traction (sales, pilots, engagement, etc.).

Financial Readiness

I know how much funding I need — and why.

I can speak confidently about my financial model (costs, revenue, projections).

Growth Potential

My business model is scalable. I have a clear plan for how to grow with investment.

Team Strength

I have a committed founding team and/or experienced advisors.

You're Ready for a Partnership, Not Just a Cheque

Raising investment means more than just gaining capital — it’s entering into a partnership. You’ll be expected to communicate regularly, hit milestones, and accept outside input. Are you ready for that level of accountability?

Investment can be transformative — but only if you’re prepared for the commitment that comes with it.

Final Thoughts

We have the skills needed or know where we need support.

Investor Preparedness

I understand what investors expect beyond just funding.

I’m prepared for regular communication and accountability.

If you checked most of these boxes, you may be ready to pitch!

If not, use this as your roadmap.

Seeking investment is a major milestone. If you’re confident in your business fundamentals, understand your numbers, and have a clear plan for growth, then now may be the right time to connect with angel investors.

If you’re not quite there, take the time to build the foundation. Strengthening your business today will improve your chances of securing investment tomorrow — and more importantly, set you up for long-term success! Ready to take the next step? Visit northernontarioangels.ca to sign up as an entrepreneur.

By Ian Lane, Executive Director, Northern Ontario Angels

“We’re not just funding businesses — we’re fueling economic development across Northern Ontario.”

It is an exciting time for Northern Ontario with our abundant resources along with the intrinsic innovation required to harness this potential. Despite this excitement, we have work to do.

Access to capital is one of the biggest challenges facing Canadian innovators today because it directly affects their ability to scale ideas, invest in research and development, attract top talent, and compete globally. This is particularly the case in Northern Ontario; however, I am excited to be part of a dynamic team at the Northern Ontario Angels that is working with capital-seekers and accredited investors in building a more competitive economy with innovation-driven businesses that are key drivers of productivity, job creation, and long-term economic resilience. We are fortunate to have an impressive foundation rooted in 20 years of trust, collaboration, and partnerships to help lead our region and country to innovation sovereignty and prosperity.

Northern Ontario is immense. Our reach spans from Muskoka up to Timmins, from Thunder Bay across to Kenora, with support for communities in Treaty 3 and everything in between. In fact, our service map mirrors that of FedNor, covering an area so geographically vast that visibility is not just important, it is critical.

We’re the only organized angel investing group in Northern Ontario. If people don’t know we’re here or aren’t aware of our services, we can’t fulfill our mission of connecting entrepreneurs with capital providers.

Visibility correlates with deal flow

It ensures that we’re continuously discovering, mentoring, and supporting the next generation of innovation. Ultimately, it makes sure that capital is flowing into Northern Ontario businesses that create local jobs and strengthen our

communities. This is more important now than ever.

One of the most important ways we’ve evolved in recent years is through increased

collaboration

We’ve partnered closely with our regional innovation centres, regional economic development corporations, and increasingly with other angel groups. These partnerships allow us to support entrepreneurs on their journey to becoming investor-ready and help us deliver a strong pipeline of quality investment opportunities.

I also want to acknowledge Mary Long-Irwin, who served as Executive Director before me and was instrumental in building the foundation for NOA’s success. Mary brought incredible passion and dedication to the organization. She had a deep belief in the potential of Northern Ontario and worked tirelessly to champion entrepreneurs and connect them with capital. Her leadership helped put angel investing on the map in the North. The energy and momentum she created continues to guide us. What we’re doing now — through stronger partnerships and greater visibility — is really a continuation of the path she set in motion.

At the same time, our investor strategy has evolved to reflect a pan-Northern mindset. A deal in North Bay might catch the eye of an investor in Thunder Bay. Thanks to the way we now showcase these opportunities, those connections are much more likely to happen. This cross-regional approach benefits investors by giving them access to a broader, more diverse portfolio. It also helps entrepreneurs get more mentorship, support, and feedback throughout their journey. It also supports more efficient capital raising efforts to get

our clients products or services to market quicker.

We often talk about angel investment in terms of money, but what we’re really doing is fueling economic development. When our investors choose to fund a company, they’re putting their own capital into businesses that are creating real jobs and supporting sectoral diversification right here in Northern Ontario. That money stays in our communities, driving growth for both current and future generations.

That’s why our strategic plan puts such a strong emphasis on awareness, visibility, and collaboration. These are not just buzzwords. They are foundational to our sustainability. Without them, we can’t hit our metrics. More importantly, we can’t deliver on our mandate to support Northern Ontario’s innovation economy.

Despite our smaller population, Northern Ontario punches above its weight when it comes to innovation— especially in sectors like med tech and mining tech

North Bay is a hub for mining service and supply companies while Sudbury is home to NORCAT’s underground testing centre, where mining technology can be trialed in a real working mine. This strategic infrastructure investment helps companies get access to markets with greater ease.

Med tech is thriving too. From Thunder Bay to Sault Ste. Marie to Sudbury, we’re seeing companies develop solutions for the unique health challenges of northern communities; solutions that also have global potential.

It might surprise some that this level of innovation exists in rural communities, but it shouldn’t.

Our geography demands resilience. Extracting minerals from the ground, for example, requires constant innovation and efficiency. That mindset — rolling up our sleeves and figuring it out — is baked into who we are. It’s what drives our entrepreneurs to create, adapt, and keep pushing forward.

At Northern Ontario Angels, we’re just one part of a broader ecosystem supporting entrepreneurs. But it’s a role we take seriously and with immense pride

Whether it’s through increased visibility, strategic partnerships, or showcasing opportunities across the region, we’re committed to building a stronger, more connected innovation economy in the North.

Pictured: OCI Discovery-X 2024

Karen Grant: Pioneering Angel Investment in Northern Ontario

In the early 2000's, access to capital in Northern Ontario was a pressing challenge. Traditional financing options were limited, and venture capital firms from major financial hubs showed little interest in the region. Enter Karen Grant, a driving force behind the creation of Northern Ontario Angels (NOA), a network that has since transformed the investment landscape in the North.

Karen Grant’s journey with NOA began when FedNor, a federal economic development agency, hired her to conduct research and develop a business plan. The idea emerged from a ministerial think tank focused on addressing capital access challenges in Northern Ontario. A committee, which included Grant and Mary Long-Irwin, explored solutions, ultimately concluding that the region needed an angel investment network to bridge the gap

"That was in 2003. By 2005, I received a call from FedNor saying, 'We’ve got the funding.' And that’s when Northern Ontario Angels officially started."

Launching NOA was no easy feat. At the time, economic development efforts focused on attracting venture capital, but research indicated this was not a viable solution. Instead, NOA sought to connect local investors with regional entrepreneurs, fostering homegrown growth.

One of the biggest challenges in the early years was building trust. Grant explains "The first three years were all about education

Eventually, NOA brought in Mary Long-Irwin to lead operations, marking a turning point for the organization.

Unlike investors in Southern Ontario, who typically made smaller investments averaging $25,000, Northern Ontario investors contributed significantly more, often upwards of $500,000. This level of investment demanded more than just financial backing; it required handson mentorship.

Grant explains "Some investors provided office space within buildings they owned. One investor even said, 'My CFO will sit with you twice a week for a year and handle your finances so you can learn how to run a business properly.' That kind of mentorship made a huge difference."

Karen Grant Founding Member of NOA

NOA’s investors understood that returns weren’t just about financial gain; they were also about community impact. Many high-net-worth individuals in Northern Ontario wanted to create jobs and strengthen the regional economy, ensuring future generations could build careers close to home.

"Returns can take many forms. Of course, financial gain is important, but many investors were content just getting their money back, as long as their investment created jobs and supported the local economy."

While some investors sought the traditional tenfold return on investment, many were content with more modest financial gains, provided their

investments contributed to the local economy. She adds "At one point, the average return on investment for NOA investors was around 19%, which is quite strong."

As NOA gained traction, the organization’s leadership expanded, bringing in Mary Long-Irwin to lead operations. Her role marked a significant turning point in establishing NOA as a trusted network for entrepreneurs and investors alike.

"Northern Ontario investors wrote larger cheques and had a bigger stake in the success of the companies they supported,"

Grant says. "In Southern Ontario, the average angel investment was around $25,000. In Northern Ontario, it was closer to $500,000. That’s a significant difference."

Today, NOA stands as a testament to the power of local investment and the vision of leaders like Karen Grant. Her pioneering efforts not only helped launch NOA but also reshaped Northern Ontario’s economic landscape, proving that regional investment can drive meaningful and lasting growth.

Congratulations to Northern Ontario Angels (NOA) on 20 years of supporting entrepreneurship in Northern Ontario.

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Dan Hollingsworth

NOA Board Chair

Sault Ste. Marie

Dan Hollingsworth: A Legacy of Economic Growth and Entrepreneurial Success

As Northern Ontario Angels marks its 20th anniversary, it is only fitting to spotlight one of the key figures who has played an instrumental role in fostering economic development and supporting entrepreneurial ventures in the region: Dan Hollingsworth. With a long history of involvement in NOA, Dan was appointed Board Chair in December 2023. He brings decades of expertise in economic strategy, business growth, and organizational leadership—qualities that have shaped Northern Ontario’s investment landscape

Dan’s connection to NOA extends far beyond his role as Chair. "I've had a long history with Northern Ontario Angels over the years," he shared. "It began when I was working for FedNor in Sault Ste. Marie. I was fortunate to have the portfolio for access to capital, and I first became involved with Northern Ontario Angels around 2006 or 2007. At the time, I was responsible for a project that FedNor held with what was then known as the Northern Ontario Enterprise Gateway, which later became Northern Ontario Angels."

This early involvement gave Dan a front-row seat to the organization’s evolution, allowing him to contribute to its growth long before stepping into a leadership role. His experience with FedNor helped him understand the crucial role angel investment plays in business development, a perspective that continues to shape his approach at NOA today.

Dan’s journey in economic development and investment facilitation is deeply rooted in his passion for building strong business ecosystems. In his interview, he reflected on the early challenges NOA faced in bridging the gap between entrepreneurs and accredited investors. "In the beginning, it was about building trust, helping both investors and entrepreneurs understand the value of

angel investing in Northern Ontario," he recalled. His leadership helped NOA refine its approach, ensuring that promising startups received not just capital, but mentorship and strategic guidance.

One of the key takeaways from his tenure has been the importance of collaboration.

"The success of NOA isn't just about the capital we facilitate; it's about the relationships we foster."

By fostering a network of investors committed to long-term business growth, NOA has been able to support high-potential ventures that drive innovation and job creation.

Dan’s commitment to entrepreneurship is evident in his handson approach to helping businesses succeed. He has been instrumental in expanding NOA’s reach, ensuring that underrepresented groups, such as female and Indigenous entrepreneurs, gain access to investment opportunities.

"One of our proudest achievements has been creating an environment where diverse entrepreneurs can thrive,"

He also highlighted how the investment landscape has evolved. "Ten years ago, our focus was on traditional industries. Today, we see incredible opportunities in mining tech, med tech, and other emerging sectors," he noted. Dan’s ability to anticipate market trends has helped NOA align investors with businesses poised for long-term success. Reflecting on the econom-

ic shifts Northern Ontario has experienced; Dan acknowledged the resilience of the region’s business community. "Entrepreneurs here are incredibly resourceful. They've had to adapt to changing industries, economic downturns, and now, the rapid pace of technological change," he said. Under his leadership, NOA has worked to ensure that businesses have the financial and strategic support they need to navigate these shifts.

Looking ahead, Dan remains committed to strengthening NOA’s impact. "Our goal is to not just sustain our momentum, but to elevate it. We want to see more businesses scaling beyond Northern Ontario, attracting national and international investment," he emphasized. His vision includes expanding NOA’s investor base, deepening industry partnerships, and continuing to advocate for policies that support entrepreneurship.

As NOA celebrates its 20th anniversary, Dan Hollingsworth’s leadership stands as a driving force behind its success. His ability to connect investors with groundbreaking ideas has transformed NOA into a critical pillar of Northern Ontario’s economic landscape.

"What makes this work so rewarding is seeing businesses grow, jobs being created, and knowing that we're making a real impact."

With a legacy built on strategic foresight, collaboration, and a deep commitment to economic development, Dan continues to shape the future of investment in Northern Ontario, one entrepreneur at a time.

Building the North: Jamie Crozier’s Vision for Innovation and Impact

As Vice-Chair of the Northern Ontario Angels (NOA) board and President of Thunder Bay Hydraulics, Jamie Crozier brings both his leadership and a passion for regional development to everything he does. With his diverse background in business, community engagement, and political governance, Crozier is well-positioned to shape the future of NOA and its role in driving economic growth and innovation across the North.

For Crozier, the most rewarding part of serving on the NOA board has been the opportunity to make a meaningful impact on the community.

"The ability to have an impact on our larger community in a way that is not possible as an individual is incredibly rewarding,"

Crozier reflects. Having joined NOA two years ago, he has been part of its evolution, watching the organization grow from conceptual ideas into action items that lead to tangible, real-world outcomes.

Key milestones during his time with NOA stand out to Crozier. "Seeing the organization go from an idea to action with real impact has been one of the most fulfilling experiences," he says. It’s clear that Crozier values the transformative power of NOA’s work in Northern Ontario’s entrepreneurial landscape. As he explains, NOA’s influence extends beyond just attracting investment; it plays a pivotal role in nurturing innovation ecosystems and supporting local entrepreneurs. "The impact of NOA in bringing investment into Northern Ontario has been incredible. It’s a driving force behind the thriving tech ecosystems in places like Sudbury and Thunder Bay," he notes.

Crozier’s belief in NOA’s influence is clear when he reflects on its impact in the region. "NOA's ability to bring together entrepreneurs and accredited investors to create thriving ecosystems is at the heart of its success," Crozier says. "The connections we facilitate and the collaborative networks we build are truly transforming the landscape of Northern Ontario."

Looking ahead, Crozier sees NOA continuing to play an

essential role in the region’s growth. "In the next decade, NOA will be a driving factor in every ecosystem in Northern Ontario," he predicts. With its strength lying in the collaborative ecosystem it creates, NOA’s long-term success is tied to its ability to fuel economic prosperity in the region, he adds.

As NOA celebrates 20 years, Crozier’s advice for its future leadership is simple yet powerful: "Continue doing the work you do, with a focus on ensuring that people understand the overall impact of NOA." He emphasizes the importance of education and awareness to help the broader community fully grasp the value NOA brings to Northern Ontario.

To the community, Crozier sends a message of solidarity and support:

"We need the support from the community to ensure that the incredible work that NOA does, and the impact it has in Northern Ontario, not only continues but grows."

With his deep commitment to both NOA and Thunder Bay Hydraulics, Jamie Crozier is a key figure in advancing Northern Ontario’s economic future. His work exemplifies the kind of leadership that drives innovation, fosters collaboration, and ultimately leads to lasting prosperity for the region.

Jamie Crozier NOA Board Vice-Chair

Bay

Thunder

Alves NOA Board Director

Jessica

Thunder Bay

Leadership in Action: Jessica Alves, Northern Ontario Angels Board Member

Northern Ontario Angels (NOA) is supported by a strong network of leaders who help guide its mission to connect entrepreneurs with accredited investors. Among them is Jessica Alves, who joined the Board of Directors last year and is now looking ahead to a threeyear term.

“I’m excited to be part of something that’s making such a difference in Northern Ontario,”

says Alves. “Being on the board gives me the opportunity to support local businesses and see first-hand the incredible innovation happening here.”

Alves describes her experience on the board as deeply rewarding—especially when it comes to seeing the tangible results. “The most rewarding part has been watching the number of deals successfully facilitated by NOA."

"It’s inspiring to see the innovation and the range of industries involved. These aren’t just numbers; they’re real businesses bringing new ideas to life.”

NOA’s approach to connecting entrepreneurs with accredited investors continues to evolve. For Alves, one of the most important shifts has been the focus on education. “The materials and resources NOA now provides to both investors and entrepreneurs have really changed the game. It’s helping everyone come to the table more informed, which means deals can be struck faster and more efficiently.”

When asked about NOA’s broader impact, Alves is clear: “It’s been significant. By supporting startups and helping bring business ideas to life, NOA has played a role in creating jobs and fostering economic growth across

the region.” She emphasizes that it’s not just about investment— it’s about empowering people with big ideas and helping them succeed.

So, what makes the region such a unique place for business? Alves points to its untapped potential. “There’s so much opportunity here. We have industries that are just beginning to grow and a deep pool of talent waiting to be discovered. Northern Ontario is full of possibilities for investors and entrepreneurs alike.”

As NOA celebrates a milestone year, Alves shares a heartfelt message. “I’d like to congratulate NOA on everything it has achieved so far. The leadership team has done incredible work, and I’m proud to be part of the next chapter.”

With passionate leaders like Jessica Alves helping guide its path forward, Northern Ontario Angels is well-positioned to continue building a brighter economic future—one successful deal at a time.

“We built something truly remarkable.”

— Mary Long-Irwin

Mary Long-Irwin Director of International Development & Consultant Northwestern Ontario

Thunder Bay

Trailblazer of the North: Mary Long-Irwin’s Legacy with Northern Ontario Angels

For two decades, Northern Ontario Angels (NOA) has been the backbone of investment and innovation in the region. At the heart of its journey stands Mary Long-Irwin, a driving force behind NOA’s success and an unwavering champion for entrepreneurs and investors alike. As Director of International Development and a consultant for Northwestern Ontario, she has witnessed firsthand the transformation of a region once known primarily for its natural resources into a hub of cutting-edge technology and groundbreaking business ventures.

Reflecting on her time with NOA, Mary describes the most rewarding part of her journey as watching investors place their trust in local businesses and seeing those businesses flourish. “People are often surprised to hear about the incredible technology emerging from Thunder Bay and Sudbury,” she explains. “We have a reputation for mining and forestry, but our medical and technological innovations are changing industries on a global scale.”

Through NOA, Mary has helped forge relationships between entrepreneurs and investors that have led to revolutionary advancements in cancer research, stroke recovery, and medical imaging technology. These once unthinkable developments have put Northern Ontario on the map as a centre of innovation, attracting investors from across Canada and beyond.

Over the past 20 years, NOA has secured over $250 million in private investments, directly fueling economic growth and job creation across Northern Ontario. But beyond the numbers, the impact is seen in the success stories of businesses that have flourished with the right mentorship and financial backing. “It’s not just about funding - it’s about investors who bring smart money,” Mary says.

“They mentor, share their networks, and guide these entrepreneurs toward sustainable success.”

One of Mary’s most memorable moments came at an international Angel investing conference in the United States. After arriving late due to flight delays, she was met with an unexpected standing ovation. NOA had been ranked the number one angel investor group in North America, surpassing the likes of New York and Silicon Valley. “That moment solidified what we had accomplished,” she recalls. “We built something truly remarkable.”

Looking ahead, Mary envisions NOA continuing to foster innovation, particularly in technology and medical advancements. She highlights the emergence of young investors who are eager to support the next wave of businesses. “We’re seeing a shift, seasoned investors are now bringing their children into the fold, ensuring that this legacy of support continues.”

Her advice to future NOA leaders? “Stay the course. What we’ve built works. Continue supporting local businesses and investors, and we’ll see Northern Ontario thrive for decades to come.”

As NOA celebrates its 20th anniversary, Mary takes a moment to congratulate the organization and its leadership. “The early days were about education - before Dragons’ Den or Shark Tank, we had to introduce people to the concept of angel investing. Now, we are a well-respected and thriving network,

and the leadership today is steering NOA into an exciting future.”

Mary also commends NOA’s board of directors for appointing Ian Lane as Executive Director, praising his deep understanding of the organization’s mission and his role in guiding it toward a future rich with technological and medical advancements. “They made the right choice at the right time, and that leadership is helping NOA thrive,” she affirms. Mary passionately believes that Northern Ontario is an ideal place for business and investment.

“We have more than just a booming mining industry; we have world-class research institutions, a medical school, and a thriving innovation sector."

Through her unwavering dedication, Mary Long-Irwin has played a pivotal role in shaping NOA’s success. Her impact is not only measured in the millions of dollars invested but in the thriving businesses, the jobs created, and the strong, sustainable economy that Northern Ontario continues to build. As NOA enters its next chapter, it does so standing on the strong foundation that leaders like Mary have built, one that will continue to inspire innovation and success for generations to come.

Pictured: Claudio Rojas, Manjit Minhas, Ian Lane, Mary Long-Irwin, Kimberley Wahamaa-Deschenes

Stan Beardy NOA Consultant Far North

Stan Beardy: Championing Indigenous Entrepreneurship and Investment in the Far North

For Stan Beardy, economic development isn’t just about business, it’s about empowering First Nations communities in Northwestern Ontario to build sustainable futures through entrepreneurship and investment. As a Consultant for Northern Ontario Angels (NOA) in the Far North, Beardy has been a driving force in ensuring that Indigenous entrepreneurs gain access to vital investment opportunities, fostering new connections between First Nations communities and investors.

Beardy, who hails from Muskrat Dam, has spent his career advocating for Indigenous rights, self-determination, and economic growth. His work with NOA aligns perfectly with his vision of Indigenous-led prosperity, ensuring that First Nations business leaders have the resources and support needed to thrive in the modern economy.

“The most rewarding part has been NOA’s efforts to reach out to First Nations people, creating educational awareness not just for investors but also for First Nations communities,”

Beardy explains. “This creates opportunities for both parties to work together in ways that respect Indigenous values and traditions.”

NOA’s outreach to Indigenous entrepreneurs has been transformative, bringing First Nations business leaders into the investment conversation. Through targeted initiatives, educational programs, and relationship-building efforts, NOA is helping Indigenous entrepreneurs navigate the complexities of securing investment while maintaining cultural and community priorities.

With over 20 years of success, NOA has demonstrated its ability to drive investment in Northern Ontario, but Beardy sees an even bigger opportunity ahead for Indigenous communities. As development expands into remote areas, First Nations businesses must be at the forefront of shaping these opportunities.

“If NOA continues reaching out to First Nations communities, it will help drive prosperity across Ontario,” Beardy says. “Wealth creation will increasingly happen in the Far North, and it’s crucial to ensure that First Nations are not just participants, but decision-makers in that process.”

The natural resources in Northern Ontario hold enormous potential, and Beardy emphasizes that proper negotiations with First Nations can lead to sustainable and equitable economic growth. “When you look at global economics, wealth creation often comes from natural resources. Indigenous communities have always been stewards of these lands, and it’s time to ensure they are also the primary beneficiaries of economic development.”

One of Beardy’s most exciting current initiatives is the development of a podcast in collaboration with NOA. This project will serve as an educational tool designed to increase awareness and encourage collaboration between investors and First Nations entrepreneurs, amplifying Indigenous voices in the business world.

“NOA brings together a group of experts willing to share their knowledge on business success, including how to start and sustain businesses profitably,” Beardy says. “That expertise is invaluable, particularly for First Nations entrepreneurs who are often navigating uncharted territory.”

For Beardy, mentorship is

the key to long-term success. He stresses that Indigenous entrepreneurs need access to experienced business leaders who can provide guidance tailored to their unique challenges and aspirations. “Strong mentors will ensure that Indigenous businesses are not only surviving but thriving.”

As NOA celebrates its 20th anniversary, Beardy highlights the importance of deepening its engagement with First Nations communities.

“From my experience, NOA has been doing excellent work in reaching out to First Nations people. Their expertise in business development will help transfer valuable knowledge to Indigenous entrepreneurs, strengthening our communities for generations to come.”

While the full impact of NOA’s work with Indigenous entrepreneurs is still unfolding, Beardy is optimistic about the future. With continued outreach, stronger partnerships, and a commitment to Indigenous economic empowerment, NOA is poised to play a pivotal role in shaping a more inclusive and prosperous Northern Ontario.

Looking ahead, Beardy remains steadfast in his mission to ensure that Indigenous communities are not just participants but key leaders in the region’s economic transformation. “Indigenous entrepreneurs have the talent, knowledge, and vision. With the right support, they will drive the next wave of growth and innovation in the Far North.”

Investor Insight: Chad Pallopson on Impact, Innovation, and the Northern Ontario Advantage

Chad Pallopson has over 20 years of capital markets experience at some of Wall Street’s largest firms, including J.P. Morgan, Lazard, and SVB Leerink. He has also served as a Managing Partner and Portfolio Manager at a Connecticut-based long/short equity hedge fund. After more than two decades in the New York City area, Chad recently returned to Canada. Born and raised in Orillia, Ontario, he now resides in the Parry Sound/Muskoka region.

When he arrived in Northern Ontario, Chad saw an opportunity to connect, contribute, and build something meaningful in a different kind of ecosystem. “The Northern Ontario Angels was one of the first organizations I came across when I moved here,” Chad explains.

“A friend introduced me to the idea of early-stage investing in the region, and NOA stood out as the organization with the strongest network and clearest mission.”

Chad's investment journey began in larger markets, with a strong focus on returns. But Northern Ontario offered a different kind of value — the ability to see the impact

of his investments up close. “For me, early-stage investing became a way to not only benefit financially, but to also make a direct, positive impact on the community I live in.”

His role with Northern Ontario Angels has evolved from student to mentor. At first, he was learning how the North works — the challenges, the support networks, and the entrepreneurial spirit unique to the region. Today, he works directly with founders in Parry Sound/Muskoka and across the region as NOA’s local Consultant.

“Over time, I’ve been able to share lessons I’ve learned throughout my career and offer guidance to startups and fellow investors. It’s become a two-way relationship.”

Chad believes one of the most promising signs of progress is the steady increase in quality among Northern Ontario entrepreneurs. “We’re seeing stronger, more innovative companies — not just those founded here, but also those relocating from Southern Ontario and beyond. That speaks to the strength of the ecosystem NOA has helped build.”

He attributes this momentum in part to a culture shift.

“Success breeds success. When you start to see local companies thrive, it inspires confidence in others. Entrepreneurs are realizing that, yes, it can be done here.”

One company Chad highlights is Flosonics Medical, a Sudbury-based startup developing non-invasive hemodynamic monitoring technology that’s earned attention from major U.S. venture capital firms. “Flosonics has an incredibly talented group of founders and a story that shows what’s possible when innovation and opportunity meet in the North.”

Chad also credits Northern Ontario Angels’ unique structure as a key driver of its effectiveness. “The consultant model, with people embedded in various regions, allows NOA to really understand and support local entrepreneurs. That province-wide reach is something few organizations can match.”

For potential investors considering where to make their next move, Chad’s message is clear:

“You’ll find impressive founders here. You’ll find innovation. And you’ll find a chance to be part of something that makes a difference — not just on paper, but in people’s lives.”

Chad Pallopson NOA Consultant Parry Sound/Muskoka

Michael Stone

NOA Consultant

Sault Ste. Marie

Spotlight on Michael Stone: Helping Northern Ontario Entrepreneurs Flourish

Michael Stone's journey with Northern Ontario Angels (NOA) began in an unexpected yet fortuitous way. A consultant based in Sault Ste. Marie, Michael was familiar with NOA, but it wasn’t until a call from the organization’s executive director that he learned how closely his passions aligned with the work NOA does. “I’ve always been curious about what they did, but didn’t know a ton about them,” Michael shared.

“When I learned more about their mission, it felt like a natural fit. Helping entrepreneurs, investors, and business owners really sparked my interest.”

As a consultant, Michael’s role is to serve as a bridge, connecting entrepreneurs seeking capital with investors ready to back them. “The main role for consultants is to help bring providers of capital together with seekers of capital,” he explained. This role is essential in Northern Ontario, where many small and medium-sized businesses face challenges in accessing the funds they need to grow. Michael’s work focuses on industries such as technology and clean energy, sectors that hold significant promise for the region’s future.

His experience in Sault Ste. Marie gives him a unique perspective on the challenges and opportunities that entrepreneurs in the North face. “We have great entrepreneurs in the North, and often, they need outside capital to take their businesses to the next level,” he said. “It’s exciting to see businesses not

just building a livelihood but contributing to the community and the economy.” Michael emphasized the importance of Northern Ontario Angels’ mandate: supporting businesses that have a material connection to the North, whether through manufacturing facilities, offices, or employees. “It’s vital that the benefits of these businesses stay in the North, creating jobs and opportunities.”

The appeal of angel investing in Northern Ontario is growing, and Michael is thrilled to see how the region’s entrepreneurial ecosystem is thriving. “What excites me is that angel investing is becoming more accessible,” he noted. “You don’t need to be uber-wealthy to be an angel investor. The size of the cheques being written isn’t as large as people might think, and it’s a great complement to any investment portfolio.”

In his two years with NOA, Michael has witnessed firsthand the growing interest in angel investing, both among entrepreneurs and investors. One thing that consistently stands out to him is the sense of community within the region. While angel investing is about financial returns, many investors are also motivated by the desire to see their communities thrive.

“These investors are looking to make good investments, but they’re also thinking about their families, their communities, and the future of the North"

Michael is passionate about educating potential investors about the process. He encourages those interested

to explore angel investing as part of their broader financial strategy, regardless of age or experience. “There’s no typical investor,” he said. “It could be someone in their 30s or someone in their 80s. What matters is the willingness to take on this kind of investment.”

Reflecting on Northern Ontario Angels' 20-year milestone, Michael is optimistic about the future. “It’s amazing to see how far we’ve come in the last two decades. Under great leadership, NOA has grown from a small group into a key player in northern Ontario’s economy. We’ve helped create jobs, facilitated investment, and provided entrepreneurs with the tools they need to succeed.”

“The amount of deals we’ve facilitated is a testament to the impact we’re making. If we weren’t making a material difference in Northern Ontario, we wouldn’t still be here after 20 years.”

With continued dedication, Michael and the Northern Ontario Angels team are building an even stronger ecosystem that fosters growth, innovation, and investment across the North.

Have an Idea? Contact Us

202-123 March Street, Sault Ste. Marie, ON P6A 2Z5 info@themillworks.ca www.themillworks.ca @TheMillworksSSM

Stephanie Ash: Inspiring Northern Ontario's Entrepreneurial Spirit

Stephanie Ash, a former board member of Northern Ontario Angels (NOA) and a dedicated Northern Ontario entrepreneur, has been a steadfast advocate for fostering business growth and investment in the region. As the founder of Firedog Communications, she has played a significant role in supporting businesses and organizations through strategic communications and marketing.

England, France, and Australia, quickly became a regional and national award-winning company. Since 2004, it has been headquartered in Thunder Bay’s Waterfront District, further cementing Stephanie’s commitment to the region. Reflecting on her tenure with NOA, she shares insights on the network's evolution, its role in economic development, and the opportunities that lie ahead. Stephanie joined the NOA

"It was an early vision to connect entrepreneurs in Northern Ontario with angel investors, recognizing the challenges they faced in securing capital to grow and scale their businesses."

The need for accessible funding and strategic networking was evident, and NOA stepped in to bridge the gap.

During her time on the board, NOA underwent significant changes to better serve the region. One of the early milestones was a rebranding initiative that more accurately reflected Northern Ontario’s entrepreneurial landscape. Another transformative step was improving outreach to Indigenous communities, creating more opportunities for Indigenous entrepreneurs to access capital and expand their businesses.

Leadership was another critical area of focus. "We hired a new executive leadership team who have been pivotal in growing and leading change in the organization over the last decade," Stephanie notes. These efforts laid the foundation for NOA’s continued success in fostering investment opportunities and supporting business owners.

Stephanie Ash CEO & Founder, Firedog Communications Former Board Director, NOA Thunder Bay

The process of connecting investors and entrepreneurs has evolved significantly over the years. "In the early 2000's, entrepreneurs struggled to make the right connections with investors," Stephanie explains. NOA introduced a network where investors and entrepreneurs could come together to share knowledge, exchange insights, and ultimately

strengthen the regional economy. The success stories stemming from this network underscore its impact on business growth and job creation across Northern Ontario.

Looking ahead, Stephanie envisions an even greater role for NOA in driving innovation and economic expansion.

"We've seen more small businesses emerging in Northern Ontario, and there’s so much potential for growth,"

"NOA has an incredible opportunity to continue supporting innovation, growth, and prosperity by ensuring entrepreneurs have access to the capital they need to scale."

She also emphasizes the importance of engaging investors, including nontraditional ones, to further diversify funding opportunities.

"One of NOA’s greatest strengths is bridging the gaps between investors, removing barriers that have historically prevented businesses from realizing their full potential."

As NOA celebrates its 20th anniversary, Stephanie extends her gratitude to all those who have played a role in its success. "It has taken a network of partners, collaborators, funders, supporters, and volunteers to make this all happen. The impact of this ecosystem has been profound, helping to transform Northern Ontario’s economy and showcase the region’s business potential."

Beyond her work with NOA, Stephanie has built her own business in Thunder Bay and remains deeply committed to the region’s economic growth.

"Northern Ontario is an incredible place to be an entrepreneur. I have loved running my business, Firedog Communications, here for the past 21 years. There’s a strong community of supporters, and having organizations like NOA makes such a difference in the entrepreneurial journey."

She highlights the untapped opportunities available for business owners in the North.

"Northern Ontario is a great place to start, build, and scale a business. There’s a network of partners ready to support entrepreneurs. What better place to start a business than in a community that wants to work with you?"

Stephanie's journey and contributions exemplify the spirit of collaboration and innovation that define NOA. As the organization looks toward the future, her insights serve as a powerful reminder of the impact that dedicated leadership and strong networks can have on regional prosperity.

INN OVA TOR

Innovators at the forefront.

Every entrepreneur has a story. Here's what happens when vision meets investment.

Manjit Minhas, Keynote Speaker - Venture North 2022

The ConnectHER's

From an idea to a movement, sisters

Melissa and Melanie are connecting women with the opportunities they deserve. Get ready to meet the powerhouse team behind The ConnectHER’s + Co.

Melissa Maltais Co-Founder + Connection Strategist North Bay

ConnectHER's + Co.

Melanie Bucar

Co-Founder + Connection Strategist

Timmins

Empowering Women Through Connection: The Journey of Melanie and Melissa

In the heart of Northern Ontario, two sisters, Melanie Bucar and Melissa Maltais, are leading a movement that is redefining success for women in business. As co-founders of The ConnectHers + Co., they have turned a shared vision into a thriving platform dedicated to elevating women entrepreneurs and professionals. Their story is one of resilience, innovation, and an unwavering commitment to fostering meaningful connections that help women rise.

Melanie and Melissa’s journey began with a simple but powerful realization: women across Canada were struggling to gain visibility and access to opportunities that could propel their careers forward. While talent and ambition were abundant, platforms dedicated to amplifying women’s voices were not. Determined to change this, the sisters set out to create a space where women could connect with game-changing opportunities such as speaking engagements, workshop facilitation, and media features.

“We wanted to create something different, a matchmaking platform that acted as a bridge between talented women and the opportunities they deserved,” explains Melissa. “It started as an idea,

but as we explored different ways to bring it to life, it quickly evolved into something much bigger than we imagined.”

Today, The ConnectHers + Co. has grown beyond a simple networking platform. It has become a movement, empowering women to step into the spotlight and take their rightful place as leaders and influencers in their respective fields. Building a business is never easy, and doing so in Northern Ontario presents its own unique challenges. For Melanie and Melissa, two key obstacles stood in their way: visibility and isolation.

“Unlike major urban centres, Northern Ontario doesn’t have the same level of exposure or networking opportunities,” says Melanie. “It’s not as simple as attending a conference or a networking event—those events are often hours away, making it difficult for local entrepreneurs to connect with industry leaders and expand their reach.”

Rather than seeing these challenges as roadblocks, the sisters chose to turn them into opportunities. They focused their energy on community-building, attending and supporting local events, creating media features, launching their own talk show series, and forming strategic partnerships with organizations

and colleges across the province.

“Our goal was not just to gain visibility for ourselves, but for the women we support as well,” says Melissa.

“We knew that if we could create opportunities for others, it would have a ripple effect, strengthening the entire entrepreneurial ecosystem in Northern Ontario.”

One of the defining moments in their journey came when they connected with the Northern Ontario Angels, an organization dedicated to supporting entrepreneurs in the region. Introduced by Alain Paquette from Link North in Timmins, the sisters initially believed they would be attending an investment event as spectators. However, to their surprise, they were invited to pitch their business idea instead.

“It was nerve-wracking at first,” admits Melanie. “We weren’t expecting to pitch, and we didn’t feel prepared. But with the guidance and support of the Northern Ontario Angels team, we were able to refine our pitch and gain the confidence we needed to step onto that stage.”

The experience proved to be invaluable. Not only did it provide them with crucial exposure, but it also introduced them to the world of venture capitalism and fundraising.

“The Northern Ontario Angels helped us understand the different types of investments available, what to expect when working with investors, and how to navigate the tech industry as women entrepreneurs,” says Melissa. “That knowledge has been transformative for our business.”

Since that first pitch, Melanie and Melissa have gone on to participate in multiple investment opportunities, each time gaining more confidence and refining their approach. Their collaboration with the Northern Ontario Angels has opened doors they never thought possible, expanding their network and strengthening their impact.

Looking ahead, Melanie and Melissa have big dreams for The ConnectHers + Co. They envision a future where their platform continues to grow, creating even more opportunities for women across Canada. But their aspirations don’t stop there— they also hope to give back in a more significant way.

“Someday, I’d love to be an investor myself and support other women entrepreneurs in Northern Ontario,” shares Melissa.

“The work that organizations like the Northern Ontario Angels do is so important, and I want to be a part of that change, helping startups thrive in our communities.”

Tabassum Pasha

Co-Founder + COO, WaiveTheWait

Sudbury

WaiveTheWait

From big ideas to real impact, Tabassum Pasha is transforming healthcare through WaiveTheWait. Her journey, supported by Northern Ontario Angels, shows how innovation and community collide to spark lasting change in Northern Ontario.

WaiveTheWait’s Growth Story: Fueled by Northern Ontario’s Support

For Tabassum Pasha, Co-Founder and COO of WaiveTheWait, the journey from the idea of simplifying healthcare wait times to creating a thriving startup in Northern Ontario has been marked by innovation, resilience, and the support of key partners like Northern Ontario Angels (NOA).

The story of WaiveTheWait began in Kingston, where Tabassum and her co-founder, Shreyansh Anand, built the initial framework for their startup. However, they soon realized the potential of expanding their business to Northern Ontario, where they could tap into untapped opportunities for growth, funding, and mentorship. It was in Sudbury that their connection with NORCAT and NOA began, a partnership that would significantly shape the company’s success.

“From the moment I moved to Sudbury, I felt an incredible sense of community,”

Tabassum shares. This feeling of being welcomed into an ecosystem where innovation is embraced has been a driving force behind WaiveTheWait’s success. The

Northern Ontario community, she explains, is eager to embrace new ideas, particularly in the healthcare space. This openness to innovation is crucial for a startup focused on automating processes in healthcare to reduce wait times and improve patient care.

Tabassum credits NOA with not only providing vital funding but also facilitating key connections with angel investors, mentors, and industry experts. “It’s not just about the money,” she notes. “The support from NOA goes beyond that. They introduced us to angels who are experts in healthcare, tech, and business who became deeply involved in our journey. They gave us the exposure we needed and, more importantly, the confidence to know that we had a solid network behind us.”

Through NOA, WaiveTheWait secured vital funding during its seed round in 2023, helping the company scale and expand its team. But the value of NOA’s support wasn’t just in financial backing, it was in the practical, hands-on mentorship and guidance from a network that understood the unique challenges of building a business in Northern Ontario.

“The mentors we worked with have been invaluable,”

“They’ve offered us their time and insights on everything from pricing strategies to navigating local opportunities in Sudbury. They’ve been a key part of how we’re strategizing for the next five years.”

One of the unique aspects of NOA’s support, according to Tabassum, is how well-connected they are. This network facilitated important introductions and backchannel discussions with larger organizations, including hospitals and other healthcare stakeholders in Northern Ontario. This was an essential component in accelerating WaiveTheWait’s growth.

“The rapid pace at which NOA is able to move and connect us with the right people is something we didn’t experience in the same way in other regions,” she says. “This is a huge advantage for any startup trying to gain traction.”

As WaiveTheWait continues to grow, Tabassum envisions a lasting partnership with NOA. She and Shrey have been particular about the angels they bring on board, focusing on those with healthcare

or business expertise. They regularly update their angel investors and rely on their expertise to navigate challenges and continue scaling their solution.

“We’re building a relationship with NOA that will continue to evolve,” Tabassum explains. “As we grow, we’ll continue to tap into their network and hope to give back by mentoring the next wave of entrepreneurs in Northern Ontario.”

With NOA’s 20th anniversary on the horizon, Tabassum offers heartfelt advice: “Keep doing what you’re doing. It’s hard work, but it makes a huge difference. As entrepreneurs, we draw strength from knowing there are people behind us, supporting our efforts. Keep working hard to support Northern Ontario’s innovation ecosystem, and I know it will thrive.”

While the professional opportunities in Northern Ontario Angels have been pivotal to WaiveTheWait’s success, there’s also a personal connection that keeps Tabassum invested in the region.

“The community here is incredible. There’s a genuine willingness to help each other succeed,”

“It’s different from what I’ve experienced elsewhere, and it’s something that truly sets this place apart.”

For Tabassum, Northern Ontario is more than just a loca-

tion for business, it’s a place where innovation is nurtured, risks are taken, and meaningful relationships are built. This sense of community, paired with NOA’s unwavering support, has provided the foundation for WaiveTheWait’s growth, and the company’s future looks brighter than ever.

CircuitIQ

When Luke Begley moved his startup CircuitIQ from Waterloo to Sudbury, he wasn’t just relocating—he was reigniting a mission. What began with a family, a fire hazard, and six employees has grown into a multimillion-dollar electrical tech company with more than 40 staff. Backed by Northern Ontario Angels and fueled by regional support, CircuitIQ is redefining electrical safety.

Begley CEO and Co-Founder, CircuitIQ Sudbury

Luke

CircuitIQ’s Bold Move North: How a Startup Rewired Its Future in

Northern Ontario

When Luke Begley decided to relocate his family and startup from Waterloo to Sudbury, it wasn’t just a change of scenery. It was a strategic decision that reshaped the future of CircuitIQ, a company transforming how businesses manage their electrical systems.

“I relocated my wife and kids to Sudbury. We came with six employees. Now we have more than 40.”

CircuitIQ’s story goes beyond entrepreneurial success. It’s a powerful example of what happens when innovation meets opportunity, supported by a region that invests in its visionaries. At its core, CircuitIQ brings clarity and control to outdated electrical systems. In many buildings, circuit directories are missing, inaccurate, or handwritten. That’s not just inefficient—it’s dangerous.

CircuitIQ’s patented hardware and software digitize an entire building’s electrical system. The technology identifies what each breaker powers, updates directories, and builds a digital model within seconds.

“It’s like GPS for your electrical system,”

“We take something confusing and potentially hazardous and make it clear and actionable.”

This innovation is especially important for aging infrastructure. In high-stakes environments like hospitals, it can be a game-changer.

The idea behind CircuitIQ was sparked by a frightening moment at home. Luke’s young son nearly caused a fire by inserting a dime behind a phone charger. The breaker didn’t trip, and the panel directory was incorrect. His wife didn’t know which breaker to shut off.

“We were helpless and dangerously close to disaster,” Luke recalls.

That experience exposed a much larger issue. Most people—even in commercial settings—don’t know how their electrical systems are organized. Luke saw the need and built a solution.

Today, CircuitIQ is used in hospitals, schools, and commercial buildings. Whether it’s about improving compliance, planning renovations, or enhancing safety, customers see the value of faster, smarter insight into what’s behind the walls.

CircuitIQ didn’t just grow after moving to Northern Ontario. It thrived.

“Our sales the year before relocating were $272,000,” Luke says. “In our first year up North, we reached $601,000. Last year, we hit over $3 million.”

Northern Ontario Angels (NOA) played a pivotal role in CircuitIQ’s early success. After pitching at a private NOA event hosted by Ian Lane at NORCAT in 2023, CircuitIQ secured $1 million in seed funding. Luke also previously won top honours at NORCAT’s Pitch 2022 competition, where he met his first major investor—who went on to lead their initial round and remains a trusted advisor.

“NOA didn’t just help with funding—they helped me find people who believe in what we’re doing,” Luke says. “That’s a big reason why I’m still here, building this company in the North.”

Since the move, CircuitIQ has raised more than $2 million from local investors. While the capital pool may be smaller than in Southern Ontario, Luke says the support is stronger.

“The investors here are focused, committed, and generous with their time.”

Luke is open about the challenges of building a business.

“I’ve learned that building a company is hard. Building a great one is even harder. You have to love what you do, because you’ll spend most of your life doing it,” he says.

'No one is coming to do it for you. People might bring fuel, but you have to start the fire yourself. And no one wants to see smoke—they want to see flames.”

To entrepreneurs feeling unsupported in their communities, he offers this: “Maybe it’s not you that needs to change. Maybe it’s

your community. I knew CircuitIQ had to exist. I saw the problem, felt the urgency, and understood that if I didn’t build it, no one else would.”

The key was finding the right people and being willing to look beyond traditional startup hubs. “Thankfully, I found them here—in Northern Ontario.”

CircuitIQ’s growth is grounded in both mission and technology. The team developed a hardware system that connects to electrical panels and maps them in real time. Their cloud-based software creates a digital twin, making systems easier to maintain and service.

This tech is now used across industries and continues to scale through partnerships and contractor networks.

“Contractors are reaching out because they recognize this as a major shift in the industry,” Luke says. “We’re not just keeping up with demand. We’re building a model oth-

ers can use and grow with.”

For Luke, staying in Northern Ontario is about more than business. It’s about community.

“The startup ecosystem here is different. The support goes deeper. Investors offer more than capital—they bring mentorship, experience, and time.”

What began as a leap of faith has become central to CircuitIQ’s identity. From a six-person team to more than forty employees, and from a personal safety scare to a national safety solution, CircuitIQ’s journey proves that the right move can change everything.

Yu Founder & CEO, LoopX Sudbury

Chao

With smart, practical solutions for the mining sector, Chao Yu and his team at LoopX are making operations safer, faster, and more efficient. Backed by Northern Ontario Angels, this venture is showing how meaningful innovation can emerge from strong local partnerships.

LoopX and NOA: A Partnership Rooted In Trust and Growth

For Chao Yu, Founder of LoopX, the journey of building an early-stage venture in the mining sector has been both challenging and rewarding. Along the way, Northern Ontario Angels (NOA) has played a pivotal role in supporting LoopX’s growth, providing not only access to funding but also invaluable industry connections.

LoopX is a Canadian company dedicated to enhancing safety, productivity, and sustainability in mining through AI-powered autonomous technologies. With offices in Waterloo and Sudbury, Ontario, LoopX is working to address challenges such as growing safety risks, labor shortages and operational inefficiencies in the mining sector. Their product suite includes the Situational Awareness System (SAS), Autopilot Control System (ACS), Autonomous Operation System (AOS), and the Safe and Smart Mining Platform (SMP). These AI-driven solutions leverage smart sensors to provide real-time awareness, automate equipment operation, and analyze fleet data, ultimately improving safety and efficiency in mining operations.

“Our relationship with NOA has been both impactful and inspiring,”

“From the moment we connected, they’ve demonstrated a deep understanding of the mining sector and an authentic interest in helping early-stage ventures like LoopX succeed. It’s been a relationship rooted in trust, shared vision, and ongoing support.”

NOA’s support has gone beyond funding; they have helped LoopX navigate the min-

ing industry’s complex investment landscape.

“NOA played a key role in helping us secure pre-seed round funding and build connections in the mining industry,” Yu notes.

“Their network is strong, especially in mining and Northern Ontario, and that level of targeted support is hard to find elsewhere.”

One of the most pivotal moments in LoopX’s journey with NOA was the Sudbury investment pitch event, arranged by Ian Lane. “That event brought together a group of Northern Ontario Angels who had a deep understanding of the mining sector,” Yu recalls. “That made all the difference-pitching to people who truly understand the problem and the opportunity is much easier and far more effective. We secured our pre-seed investment at that event, which was a major milestone for LoopX.”

Yu emphasizes that NOA’s deep understanding of Northern Ontario’s ecosystem makes them a standout partner.

“They’re well-connected, responsive, and selective with their partnerships-which actually makes their support

even more valuable.”

Before connecting with NOA, LoopX struggled to find investors who truly understood the mining industry. NOA changed that by facilitating connections with aligned investors who immediately saw the value in LoopX’s solution.

Yu envisions a long-term relationship with NOA. “As we grow, we hope to stay connected through future funding rounds. NOA’s access to the right people, the right capital, and the right opportunities is something we continue to value.”

As NOA celebrates 20 years of fostering innovation and investment in Northern Ontario, success stories like LoopX highlight the organization’s impact. For startups in mining and beyond, NOA remains a critical bridge between groundbreaking ideas and the investors who can help bring them to life.

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Peter Dal Bianco, Panelist - Venture North 2022

INV EST ORS

Investing in the North. Empowering the Future. Our investors don’t just fund companies — they champion entrepreneurs, strengthen communities, and drive innovation across Northern Ontario.

Emily Mantle: A Connector at Heart

As the founder of Compass CPA and a dedicated angel investor, Emily Mantle is no stranger to the entrepreneurial journey. With over two years of involvement in Northern Ontario Angels (NOA), Emily has cultivated a unique perspective, both as an investor and an entrepreneur.

Emily's relationship with NOA began on the investor side, and it quickly expanded as her passion for community-building and economic growth aligned with NOA's mission.

"Northern Ontario Angels is really cool in the sense that I view them as a connector,"

Emily shared. "They connect accred ited investors and entrepreneurs in a way that fosters collaboration and sparks new opportunities."

As both a business own er and an angel investor, Emily has navigated the challenges of scaling a company in Northern Ontario—a re gion that, while rich with potential, faces its own unique set of hurdles.

"The geographical spread and population density in Northern Ontario can make finding capital more difficult, but organizations like NOA are making that easier by fostering these essential connections,"

she explained. "It’s about network ing and building relationships that lead to growth."

For Emily, one of the most fulfilling aspects of being part of NOA is the ability to make an impact lo cally. "The work that NOA and its partners are doing in Sudbury

and Northern Ontario is truly transformative," she said. "It's bringing businesses to the region that may not have come otherwise, and that’s helping to create jobs and strengthen our local economy."

Her journey as an entrepreneur has been equally rewarding. Since founding Compass CPA, Emily has grown the firm from a one-woman operation to a thriving team of nine professionals, with a tenth soon to join. “It’s been fast growth, and it’s been exciting to see the business evolve,” she said. “But it’s not without its challenges, especially when it comes to managing people and scaling operations.”

Emily's role as an angel investor complements her entrepreneurial spirit. "When my husband

Her advice for those considering angel investing? "It’s not for everyone," she cautioned. "It’s incredibly high risk, but it’s also a chance to be part of something bigger—something that builds up the community and helps Northern Ontario thrive."

As NOA celebrates its 20th anniversary, Emily’s message is one of appreciation and anticipation. "Keep up the great work," she said. "You’ve accomplished so much in the last 20 years, and I’m excited to see where the next 20 years will take us."

Emily Mantle’s story is a testament to the power of connection and community. As an entrepreneur and investor, she continues to shape the future of Northern Ontario, one investment and one connection at a

Emily Mantle Founder, Compass CPA Sudbury

Message from Mayor Paul Lefebvre

I am proud to have witnessed the remarkable growth of our City’s local business start-ups thanks to Northern Ontario Angels. Entrepreneurs and investors are vital to our economy, and through support from this network, innovation and job creation in our community is thriving.

Since its inception, Northern Ontario Angels has driven significant investments in our northern region across various sectors, including technology, mining, health, and beyond. In the City of Greater Sudbury, the development within these fields is truly flourishing. The rise of new business ventures brings a vibrant energy to our community and the unique opportunities provided through the Northern Ontario Angels strengthens the connection between entrepreneurs and investors.

This year, as you celebrate your 20th anniversary, I would like to extend my heartfelt gratitude for your dedication in fostering a prosperous economy in Northern Ontario by bridging connections between investors and entrepreneurs.

Congratulations and best wishes.

Paul Lefebvre, Mayor City of Greater Sudbury

From the Ground Up: How Cliff Richardson Grew with Northern Ontario Angels

Cliff Richardson, founding partner of Innova Wealth Partners in Sudbury, has worn many hats over the years: financial advisor, early-stage investor, consultant, mentor. But one of his most meaningful roles may be the one that tied all the others together — his evolving relationship with Northern Ontario Angels (NOA).

A journey that began with a single investment eventually led him to take on a leadership role within NOA, following in the footsteps of his own mentor, Peter Dal Bianco. What started as a personal interest in impact investing became a deeper commitment to supporting innovation and entrepreneurship across Northern Ontario.

Richardson first connected with NOA through Peter Dal Bianco, a well-known name in Sudbury’s

“It was a natural progression,” he explains. “Investments have always been a passion of mine, and I’ve always believed in sharing knowledge. The chance to step into Peter’s shoes felt like a way to give back.”

As an investor, Richardson had already been drawn to purpose-driven investing — the kind where financial returns meet social and regional impact. His time as a NOA consultant only deepened that conviction.

“Investing with a purpose, investing in a way that can actually help our local economy — that’s powerful,”

he says. “NOA gave me an outlet to do just that. It’s one of the few organizations where your investment dollars

focus on growing Innova Wealth Partners — but his involvement as an investor with NOA continues to this day.

To Richardson, NOA isn’t just an investment platform. It’s a regional development tool with real, measurable outcomes.

“There’s nothing quite like it,” he says. “With traditional investments — public markets or even national private equity — your money is often detached from any personal connection,"

"With NOA, you can actually see how your dollars are affecting the community. That’s a unique opportunity for any investor who cares about where they live.”

Cliff Richardson Partner, Innova Wealth Partners Sudbury

This blend of regional loyalty and investment strategy has shaped Richardson’s own outlook — and why he continues to advocate for others to

Ontario continues to grow, it’s voices like his that remind us that true in-

As NOA celebrates 20 years of supporting entrepreneurs across Northern Ontario, Richardson credits its staying power to strong leadership and visible community impact.

“Kudos to them for reaching 20 years — especially as a not-forprofit. That’s no small feat,” he says. “It’s a testament to the work they do and the difference they

He notes how dramatically the land scape has changed. “Early on, there were more investors than opportu nities. Now, it’s the opposite — the pipeline of companies is strong, but there’s a need for more capital. It’s a good problem to have, but it shows how far things have come.”

Looking ahead, Richardson is optimistic but clear-eyed about the path forward: “There’s a real opportunity for more accredited investors to get involved. There are great companies here, and the infra structure is in place — NOA is proof of that. What we need now is more people willing to support local inno vation with their dollars and experi ence.”

For Richardson, investing is about more than spreadsheets — it’s about legacy. And as Northern Ontario continues to grow, it’s voic es like his that remind us that true investment begins at home.

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Message From Ryan Reynard

As the Executive Director of the Lake of Woods Business Incentive Corporation (LOWBIC) for the last two decades, I’ve had the privilege of working alongside many organizations dedicated to economic growth and entrepreneurial success across our region. Among them, the Northern Ontario Angels has consistently stood out as an important partner to support innovation, mentorship and collaboration, and strategic investment for our mutual clients.

On the occasion of NOA’s 20th anniversary, I want to extend my congratulations and appreciation to the Northern Ontario Angels team. Your dedication to connecting entrepreneurs with investors has created meaningful impact across our region. Through your efforts, countless businesses have found the support they need to thrive—driving job creation, economic diversification, and community resilience.

LOWBIC and Community Futures Northwestern Ontario (CF-NWO) has been proud to collaborate with Northern Ontario Angels over the years. The alignment in our missions to support business development and strengthen local economies has made our partnerships both natural and powerful. Your organization continues to play a vital role in shaping a more prosperous future for Northern Ontario.

Congratulations on this significant milestone and your commitment to regional growth and entrepreneurial success. We look forward to the next chapter and our continued partnership.

Sincerely,

Ryan Reynard Executive Director, Lake of the Woods Business Incentive Corporation Chair, Community Futures NWO

Community Futures (CFDC’s) Business Development Services:

• Business Plan Assistance

• Business Counselling

• Term Loans

• Loan Guarantees

• Bridge Financing

• Start-ups

• Debt Consolidations

❖ Lake of the Woods Business Incentive Corp. - lowbic.on.ca

❖ Chukuni Communities Development Corporation - chukuni.com

❖ Patricia Area Community Endeavours - pace-cf.on.ca

❖ Rainy River Future Development Corporation - rrfdc.on.ca

❖ Atikokan Economic Development Corporation - atikokaninfo.com

❖ Thunder Bay Ventures - thunderbayventures.com

❖ Nishnawbe Aski Development Fund - nadf.org

❖ Superior North Community Futures Development Corp. - sncfdc.org

❖ Greenstone Economic Development Corporation - gedc.ca

Strength in Collaboration: Muskoka Futures

Muskoka Futures is proud to work with NOA to help drive business in Northern Ontario. As a not for profit lender, Muskoka Futures is often the first to put money into a new business venture. We pride ourselves on the fact that we have the relationship with NOA that allows clients that are ready, the opportunity to find follow on investment.

Being part of a network of organizations focused on business success in Northern Ontario means a great deal to us as it does NOA. This means that we have the opportunity to champion what an amazing place Northern Ontario is to do business. In our efforts to encourage business here the existence of NOA and their position as a leading Angel network gives Northern Ontario a leg up, making it competitive and attractive to entrepreneurs.

On behalf of our Board of Directors and the team here at Muskoka Futures we congratulate NOA on 20 years of awesomeness and look forward to a long and prosperous partnership.

Pictured: Jenn Goodfellow, Administrator

Tyler Lockhart, Investment Manager

David Brushey, Executive Director

Jodi Chapman-Good, Client Success & Program Manager

Significant: The Peter Dal Bianco Story

In 1975, Peter Dal Bianco arrived in Sudbury with a suitcase, his wife, and two young children. What he found was a community willing to support each other, a place where neighbours helped neighbours, and an environment that welcomed resilience and hard work. Fifty years later, that same spirit continues to shape Northern Ontario’s innovation ecosystem — and Peter has been a central figure in its evolution.

Today, Peter is Entrepreneur in Residence at NORCAT Innovation and a Venture Partner with the Axion Fund. But it was a meeting with Mary Long-Irwin over a decade ago that shifted the trajectory of his career and Northern Ontario Angels (NOA) alike. "We hit it off immediately," Peter recalls. "That really fueled my excitement. We were creating something that hadn’t existed here before."

Peter became NOA's consultant in Sudbury in 2014, an initial three-year term that stretched into six. During that time, he helped create a space where dreamers and risk-takers could meet investors — a matchmaking hub for innovation in the North.

"When you've got an idea, you need a place to bounce it off someone," he explains.

"NOA became that place. We built something where, if you had an idea scribbled on the back of a napkin, you had somewhere to take it."

The impact has been profound. What began as a small community initiative has grown into a nationally respected organization with millions in angel investments across sectors like mining, health care, cleantech, and IT. "We're punching way above our weight," Peter says proudly. "We might be small in numbers, but we’re massive in ambition."

Northern Ontario's pioneering spirit, he believes, fuels its innovation. "You're a survivor up here. The winters are harsh, the summers are intense. And that breeds resilience, creativity, and a drive to do things differently."

Peter has seen hundreds of applications over the years, but a few success stories stand out. Sheri Tomchick, founder of StaffStat and Plan A, came to NOA ten years ago with an idea. Today, she's one of the most successful female founders in Canada.

Those stories mean everything," he says.

"It shows that with the right support, Northern Ontario can be a magnet for talent and innovation."

But Peter doesn’t just celebrate the past — he urges action for the future. Citing a recent article by VC leader John Ruffolo, Peter notes that Can ada has lost over 121,000 entrepre neurs since 2000. "That scares me," he admits.

"We need more risk-takers. More dreamers. And more people willing to invest in them."

To high-net-worth individuals in the North, his message is clear: "It's not charity. It’s an opportunity. Just take a look. You might find something that speaks to your passion — mining, health care, real estate. Join us and invest in the future."

When asked to sum up NOA in one word, Peter doesn't hesitate: "Significant. Because significance means you're making a difference. And NOA has done that, over and over." As the organization marks its 20th anniversary, Peter is hopeful and energized. "I'm optimistic for the next 20 years. Innovators will be needed more than ever, and NOA is becoming a global bullseye. We can do big things right here in the North."

Peter Dal Bianco Entrepreneur in Residence, NORCAT Former Consultant, NOA Founder, Bianco's Supercenter, Sudbury

SMART• BIGGAR• BOUNDLESS•

Kirk Petroski: Backing the Future of Mining Tech in Northern Ontario

Kirk Petroski has spent his career at the forefront of mining innovation—transforming how the industry operates through the power of industrial IoT. Based in Sudbury, Ontario, he is the founder and executive chairman of SYMX. AI (formerly Symboticware), a company that pioneered real-time data solutions for underground mining operations. Today, as an active angel investor with Northern Ontario Angels (NOA), he’s helping shape the next generation of mining tech companies—and inviting others to do the same.

“Northern

Ontario's strength lies in our history, our knowledge, and the deep-rooted ecosystem we’ve built around mining,”

Petroski explains. “That collective strength—combined with a vast network of suppliers, innovators, and operational sites—makes this region a unique and attractive place for

business and investment.” That insight comes from over two decades of experience in founding, scaling, and advising mining technology companies. In recognition of his leadership, Laurentian University honoured him with the Trailblazer Award, celebrating his role in advancing innovation in Northern Ontario and creating real-world impact across the mining sector.

For Petroski, the decision to work with NOA was strategic: “I chose to work with North ern Ontario Angels as a way to bridge my experience in mining technology start-up and scaleup to support the next gener ation of entrepreneurs,” he says. “By helping them find angel capi tal—and investing alongside—I can contribute to their growth while con tinuing to build the innovation economy in the North.”

His involvement highlights an op-

portunity for other investors: to tap into Northern Ontario’s emerging pipeline of mining tech, clean tech, and industrial innovation. Backed by a rich ecosystem and supported by organizations like NOA, the region is primed for smart investment—and for those with deep industry knowledge, like Petroski, it’s a chance to both give

Kirk Petroski

Founder & Executive Chair, SYMX.AI Sudbury

Carrying on a Northern Legacy: Pat Dubreuil on Investing in the North

For Pat Dubreuil, supporting Northern Ontario isn’t just a professional passion — it’s part of his family’s legacy. As President of Let’s Roll Ideation Consulting, with offices in both Dubreuilville and Sudbury, Pat wears many hats: investor, advisor, consultant, and community advocate. Through his relationship with Northern Ontario Angels (NOA), he’s found a meaningful way to honour his entrepreneurial roots while empowering the next generation of innovators.

“My grandfather and his three brothers founded the small village of Dubreuilville in 1961,” Pat shares. “It was investors and entrepreneurs who built the North and provided jobs for over 8,000 people. I owe a part of my success to that spirit of innovation and collaboration.”

That deep connection to his northern roots is what first led Pat to NOA. After attending events and connecting with like-minded investors, he recognized the unique impact NOA was making across the region. For Pat, it wasn’t just about capital — it was about community.

“Investing in the North is critical,”

“It keeps people here, it creates jobs, and it builds on the foundations laid by those who came before us. NOA provides entrepreneurs with access to capital that traditional banking channels often don’t.”

He also highlights the way NOA creates momentum across Northern Ontario by bringing communities and investors together. “Whether it’s a pitch in Sault Ste. Marie, Timmins, North Bay, Thunder Bay or Sudbury — there are key investors in each of those places,” Pat explains. “They all want to see their communities thrive. That kind of network, built on shared values and regional pride, is what makes NOA’s model so effective.”

Pat’s connection to NOA is both personal and hands-on. One of his most impactful experiences came through his work with Covergalls, a Sudbury-based business in need of funding to grow.

“They had been operating out of their garage for ten years,” he says. “With NOA’s support, we organized a pitch at NORCAT and invited investors from across Northern Ontario. That event led to real investment, which gave the company the boost they needed.”

Pat sees tremendous value in having worked with NOA both as an investor and as a consultant sup

“They have no borders. From Parry Sound to the Manitoba border, NOA goes where the entrepreneurs are,” he says.

“They’ve built a strong, communitydriven network of investors who care deeply about where they come from. That’s powerful.”

Looking forward, Pat believes that NOA will continue playing a vital role in the economic development of Northern Ontario.

“They’re not just funding companies. They’re helping build the future of the North.”

Pat Dubreuil President, Let's Roll Ideation Consulting Sudbury/Dubreuilville

CON NEC TOR

At Northern Ontario Angels, partnerships are the connective tissue between innovation and impact. Our collaborators help create the conditions where entrepreneurs and investors thrive together.

Fueling the North:

How Strategic Partnerships and Angel Capital Are Powering a New Wave of Tech Start-ups in Northern Ontario

NORCAT’s Don Duval is betting on Northern Ontario’s potential, where trust and capital are setting the stage for the region’s next big start-up story.

In a region known for its mining roots and rugged resilience, a quiet transformation is taking place. At the centre of it all is NORCAT, a globally recognized innovation hub based in Sudbury, and its long-standing partnership with Northern Ontario Angels (NOA), a network that’s reshaping how local capital supports local innovation.

“The first call we make when a founder is seeking early capital is to the Northern Ontario Angels,”

“The connection between our two organizations is more than a transaction, it’s a trusted relationship.”

Over the past decade, Duval has seen the partnership evolve into a model that not only supports investments in high potential tech start-ups, but also directly contributes to the regional economic development and

they could participate in the innovation economy through angel investing.”

By offering investor education and consistent deal flow, NOA has empowered local investors to reinvest in their communities, and in doing so, provided the fuel for entrepreneurs ready to scale.

One of the most compelling examples of this collaboration is Circuit IQ, a company that could have stayed in Waterloo, one of Canada’s most active tech ecosystems Instead, the founder moved his family and business to Sudbury. Why? Access.

At NORCAT, they found hands-on support. Through NOA, they secured the capital needed to commercialize and grow. It was a calculated risk that paid off.

“Circuit IQ is a perfect case study of how this ecosystem works,” Duval says.

“They plugged in, engaged with NORCAT mentors, and raised significant capital through the Northern Ontario Angels network. That’s a repeatable success story.”

As of today, Sudbury alone boasts over 100 accredited angel investors, a number that would have seemed ambitious just a few years ago.

Don Duval Chief Executive Officer, NORCAT Sudbury

For Duval, this shift represents more than just numbers, it’s a sign that the region is ready to embrace its next economic chapter.

“We’ve laid the foundation. The trust is there. The capital is there,”

Duval affirms. “Now, it’s about scale, finding the next generation of founders and helping them believe that Northern Ontario is the best place to build their companies.”

Looking ahead, Duval sees significant potential. With the continued strength of the NORCAT–NOA partnership and a growing network of investors hungry to support innovation, he’s confident the North is just getting started. “This is a long-term game,” he says. “We’re all in and we know how to win.”

NORCAT Innovation proudly celebrates NOA’s 20-year legacy of leadership, innovation, and unwavering commitment to Northern Ontario’s innovation ecosystem.

As collaborators and partners in progress, we’re honoured to support entrepreneurs as they start, scale, and succeed.

Congratulations NOA, on 20 Years of Excellence!

Carole Long: Championing Innovation and Growth in Northwestern Ontario

As the Executive Director of the Northwestern Ontario Innovation Centre (NOIC) in Thunder Bay, Carole Long plays a pivotal role in driving innovation and economic growth in the region. With a deep understanding of the unique challenges and opportunities in Northern Ontario, Carole is dedicated to supporting entrepreneurs and fostering collaboration within the community. Carole’s perspective on the success of Northern Ontario Angels (NOA) over the past 20 years highlights the organization's transformative impact.

“The success of NOA is due to its dedicated team, both past and present, and their ability to understand the unique challenges and opportunities in the North,”

Carole shares. NOA’s commitment to bridging the gap between entrepreneurs and investors has made a significant difference in the region, contributing to the growth of innovative businesses. When asked for her advice for the next 20 years, Carole emphasizes the importance of continuing to strengthen NOA’s presence across all Northern Ontario communities. "It’s crucial that everyone in the region has access to investment opportunities, regardless of where they are located," she says. This inclusive approach is central to NOA’s mission and aligns with Carole’s vision of supporting businesses across the North.

Carole believes that NOA’s impact in the region is invaluable. “NOA plays a crucial role in addressing the lack of capital for Northern Ontario businesses, and by bridging that gap, it has a significant impact on our community,” she explains. This vital support allows local entrepreneurs to access the resources they need to innovate and grow, contributing to the economic development of the entire region. Reflecting on Northern Ontario's unique potential, Carole highlights the blend of opportunities, innovation, and natural resources that make the area an attractive destination for business investment. “We have un tapped markets and a high quality of life that bene fits both entrepreneurs and their families,” she notes. With a thriving ecosystem of innova tors, Northern Ontario is well-positioned to become a hub for new ideas and business ventures.

Carole’s personal message to NOA on their 20th an niversary is filled with gratitude and congratu lations. “Your dedication to connecting entrepreneurs and investors has strengthened our commu -

nity, and I look forward to the continued success of NOA in the years to come,” she says.

The Northwestern Ontario Innovation Centre (NOIC) in Thunder Bay supports entrepreneurs by offering resources, mentorship, and business advisory services. NOIC connects startups with funding opportunities and business development tools, helping businesses grow and thrive. Through its work, NOIC fosters innovation, drives economic growth, and strengthens Northern Ontario’s entrepreneurial ecosystem.

Carole Long

Executive Director, Northwestern Ontario Innovation Centre, Thunder Bay

Celebrating Northern Ontario Angels and

20 years of innovation

For two decades, Northern Ontario Angels (NOA) has been a driving force behind innovation, connecting visionary entrepreneurs with investors and resources. At MNP, we’re proud to support NOA’s mission and help businesses thrive. Whether you’re launching, growing, or investing, our expertise in financial strategy and business planning can guide your success.

Here’s to the next 20 years of growth and opportunity!

Fueling Innovation from the Ground Up: A Conversation with IION's Matthew Doherty

In the heart of Northern Ontario, where innovation meets opportunity, regional partners are playing a vital role in shaping the future. At the forefront is Matthew Doherty, Executive Director of Innovation Initiatives Ontario North (IION), a key ally in supporting entrepreneurs and innovators in the region. Based in North Bay, IION serves a vast territory that includes Nipissing, Timiskaming, Parry Sound, and Muskoka. As Northern Ontario Angels (NOA) celebrates its 20th anniversary, Matthew shares reflections on a partnership rooted in shared goals, mutual respect, and the drive to see the North thrive.

“Our relationship with Northern Ontario Angels goes back many years,” Matthew explains. “It started with Mary Long-Irwin and continues strongly with Ian Lane. We’re in constant communication, connecting clients in need of capital, collaborating on events, and creat ing opportunities for businesses in the North.”

Both organizations operate with a vision to bridge the gap be tween great ideas and the resourc es needed to bring them to life. IION helps businesses get invest ment-ready, while NOA offers access to angel investors and strategic men torship. “We’re complementary in what we offer,” Matthew notes.

“Together, we’re moving entrepreneurs from the ideation stage to investorready pitches.”

Entrepreneurship in North ern Ontario is not without its chal lenges. Access to capital remains one of the biggest hurdles. Recognizing this, IION and NOA have co-devel oped programs like investment read iness series, multi-stage workshops

that help founders understand what it takes to attract investment.

“There’s a misconception that venture capital is easily accessible,” Matthew says. “But the truth is, your business needs to be at a certain stage. That’s where we come in. We prepare them, and then NOA offers that crucial access to capital and mentorship.”

Matthew has met many investors through NOA who are driven not just by financial returns, but by a deep passion for the North. “They want to give back. They’ve built their success here and they’re choosing to reinvest in the communities they care about,” he shares.

That community-first mindset aligns perfectly with the entrepreneurial spirit of the North, which is resilient, resourceful, and rooted in place. “Sure, metropolitan centres offer additional talent” Matthew admits.

But organizations like IION and NOA are bridging that gap, linking innovators, investors, and mentors across the North through shared vision and collaboration.

“Even though we’re spread out, we all culminate with the same goal, ultimately trying to connect everyone,” Matthew reflects.

Through their shared efforts, IION and NOA help create a more unified entrepreneurial ecosystem, where startups from Nipissing, Timiskaming, Parry Sound, Muskoka, and beyond can access the support and capital they need to grow, no matter where they’re based.

Reflecting on NOA’s milestone anniversary, Matthew doesn’t hold back: “They’re clearly doing something right. Being ranked as the top angel organization in North America speaks volumes. It’s not just about capital. It’s their presence, their dedication, and their availabili-

Matthew Doherty

Executive Director, Innovation Initiatives Ontario North, North Bay

Message from Robert Manseau

As former board member and lifelong entrepreneur, I have witnessed firsthand the transformative impact the Northern Ontario Angels (NOA) has had on our region's innovation and economic growth. Over the past 20 years, this organization has not only connected entrepreneurs with the vital capital they need, but has also built a vibrant ecosystem of mentorship, opportunity, and resilience across Northern Ontario.

As President of Commercial Bioenergy, which helps entities transition away from fossil fuels to sustainable wood biomass, we have benefited from the expertise and connections with NOA to help shape our enterprise. The Northern Ontario Angels is more than a funding network; it’s a launchpad for innovation and a bridge that brings together bold ideas and seasoned investors who believe in the potential of our communities. I am proud to have played a part in this journey.

Congratulations on 20 years of visionary leadership, strategic partnerships, and remarkable success. Here's to the next chapter of empowering entrepreneurs and shaping the future of Northern Ontario.

Robert Manseau

Principal, Commerce Management Group

President, Commercial Bioenergy

Former Board Member, Northern Ontario Angels

Building Opportunity in Thunder Bay: A Conversation with Jamie Taylor

Jamie Taylor, CEO of the Thunder Bay Community Economic Development Commission (CEDC), has spent much of her career championing entrepreneurship and economic growth in Northwestern Ontario. Through that lens, her long-standing relationship with the Northern Ontario Angels (NOA) reveals something deeper than numbers—it’s a story of quiet impact, deep roots, and lasting partnerships.

As head of the CEDC, Taylor and her team regularly support local entrepreneurs navigating the early stages of business development.

That journey often includes a critical step: accessing capital. And that’s where NOA comes in.

“Our work with Northern Ontario Angels has been really helpful,” Taylor explains. “They provide entrepreneurs with another opportunity—especially when traditional lending sources aren’t an option.”

Taylor sees NOA as an essential part of Thunder Bay’s business development ecosystem, creating opportunities for growth that ripple throughout the local economy.

Taylor’s relationship with NOA spans more than a decade, including a pivotal role as the federal officer supporting the organization’s funding. One particular moment stands out for her—an early insight that forever changed how she viewed the organization’s impact.

“It was mind-blowing,”

she recalls. “I received a report detailing their investment activity, and I was genuinely shocked by the scale.”

prefer anonymity, and as a result, the depth of their impact can go unnoticed by the broader public.

“And yet,” Taylor adds, “there’s a massive amount of capital being mobilized right here in our backyard.”

From small-scale startups to transformative tech ventures, NOA has helped launch and grow businesses that are now pillars of the Northern Ontario economy. Without fanfare, the organization has cultivated a robust entrepreneurial ecosystem—fostering innovation, employment, and economic resilience across the region.

Jamie Taylor CEO, Thunder Bay Economic Development Commission (CEDC)

That moment underscored a defining feature of NOA’s success: its strength lies in discretion. While many economic development stories grab headlines, NOA has quietly built a powerful investment network that thrives on trust, confidentiality, and relationships. Their angel investors often

“They’ve been doing the heavy lifting in the background for years,”

Taylor says. “And in many ways, that quiet consistency is what makes them so effective. They’re not just responding to trends—they’re shaping the future of our business community.”

From Taylor’s perspective, NOA offers more than financial support—it creates space for valuable, often lifelong mentorship. “When an angel is matched with an entrepreneur, they bring years of experience that the entrepreneur may not have,” she says. “Some of those relationships last long after the investment ends. That’s a bond that can’t be overstated.” In a region where strong networks and shared wisdom are essential, this mentorship becomes a powerful tool for long-term success.

Reflecting on NOA’s two-decade journey, Taylor emphasizes

how meaningful it is that the organization’s roots are in Thunder Bay.

“I just want to congratulate the Northern Ontario Angels on 20 years of amazing work,” she says. “I’m also very happy that it all started here in Northern Ontario, and that it was led out of Thunder Bay for more than 10 years.”

Taylor has also watched NOA evolve into a leader on the national and international stage—without losing sight of its Northern Ontario mandate. “They’ve taken the platform they built and expanded it internationally, which has dramatically increased their ability to support our region,” she explains.

When asked what advice she’d offer the organization as it enters its next 20 years, Taylor keeps it simple.

“Just keep doing what you’re doing. Keep focusing on supporting Northern Ontario’s business development ecosystem.” And when asked to describe NOA in a single word? “Impactful,” she says without hesitation.

Taylor’s passion for the region is personal as well as professional. Born and raised in Thunder Bay, she’s built her career in her hometown and never felt the need to leave.

“I’ve got a great career here, and I still get to enjoy everything a bigger city offers, but with less stress and more nature,” she says. “I can finish work and be at my camp in 20 minutes. I get to enjoy more of life and still be completely fulfilled from a career perspective.”

When it comes to attracting investment and growing business in the region, Taylor sees Thunder Bay as a community with unmatched potential.

“Thunder Bay is a small city with big possibilities,"

"We have a strong ecosystem of business supports, a skilled workforce, excellent educational institutions, affordable land, and unmatched access to national and global markets through our world-class transportation hub. It’s a place where people genuinely want to help each other succeed.”

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