Applications are now open for the Startup253 Angel Fund. Businesses in the seed or launch phase can apply for investments of up to $50,000 through July 12.

Startup253 Fund is based in Tacoma and has a mission of creating opportunities for both businesses and investors throughout the South Sound. It is committed to building an “entrepreneurial ecosystem” in the community by offering investment opportunities, mentorship, and additional programming.

Ideal candidates for the Startup253 Angel Fund investment will have experienced management teams, the ability to generate strong returns, and evidence of a clear growth path. Startup 253 is not looking to invest in pre-revenue companies. Businesses should have an expected break-even window of one to three years and an expected exit of three to seven years.

Applications include a detailed business plan and three-minute video pitch including pertinent details about the company. Additional documentation – such as financial forecasts, executive summaries, and customer information – may be supplemented at any time during the due diligence process.

For more information and to apply online, visit this website.