Silicon Slopes, a technology industry trade organization based in Lehi, will launch its first angel group during its Silicon Slopes Summit this week. The Silicon Slopes Angels will be a 501(c)(3) nonprofit entity with a mandate to offer entrepreneurs the strong experience of the Silicon Slopes community in the form of mentorship, partnership and support, enabling founders to access resources beyond capital to establish and scale their businesses, according to a release from the organization.
“Silicon Slopes is dedicated to the evolution of a strong Utah entrepreneurship ecosystem,” said Clint Betts, president and CEO of Silicon Slopes, “and believes true growth is driven by empowering founders with mentorship and resources while delivering strong, sustainable returns for capital partners through high-impact investments.”
After receiving support and resources from Silicon Slopes Angels, founders will be expected to give back to the group, providing their own capital, mentorship and support to the next wave of Utah entrepreneurs, “leading to a strong ecosystem that benefits Utah’s economy and the community at large,” the release said.
“We’re here to help founders grow and scale, and in return, we ask these founders to pay it forward — investing back into the next generation of Utah’s entrepreneurs,” said Ari Monkarsh, chair of Silicon Slopes Angels and member of the Silicon Slopes advisory board, “It’s all about building a thriving, pay-it-forward ecosystem that lifts up everyone in the community.”
Silicon Slopes Angels will be led by a founding board of eight members who are responsible for the oversight and operations of the group. The founding board will work closely with four committees, each chaired by and made up of volunteer keystone members.
Details about the new angel group can be found at angels.siliconslopes.com/.