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HIGH ON Angels
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HIGH ON Angels
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HIGH ON Angels
Trade Publication Article

HIGH ON Angels

2012
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Overview
Companies that have been successful in finding funding tend to be knowledge-based and high-growth in sectors such as medical devices, information technology, pharmaceuticals, biotechnology and medical technology, he adds. Making airplane engines Engineered Propulsion Systems Inc. in New Richmond is on a path to do an uncommon thing: establish a manufacturing plant that makes a product in the U.S. In fact, potential investors are so surprised to hear about a new company that will produce airplane engines in Wisconsin that convincing them of the plan's soundness is one of the biggest challenges for EPS, says co-founder Steven Weinzierl. Matching angel funds Paul Mayer, a former Fiskars executive who now is chief financial officer for EPS, helped the founders secure a $600,000 grant from the Wisconsin Department of Commerce.