Investment Criteria
Submitting a Plan
Useful Links
For Entrepreneurs

Investment Criteria

Aurora prefers to make its initial investments in companies that meet the following criteria:

Southeastern and Mid-Atlantic United States


Life Sciences

  • Biotechnology
  • Medical Devices
  • Therapeutics
  • Healthcare Services 

Information Technology

  • Emerging Technologies
  • Internet, Software
  • Semiconductors 
  • Data Communications 

Seed and Series A; pre-product through early stage revenue

Transaction Size
$50,000 - $2,000,000 for initial investment.  Aurora reserves capital for follow-on investments and has an average total investment per portfolio company of $3,000,000 - $6,000,000

Aurora prefers to be the lead or co-lead investor and have a board seat.

Submitting a Plan

If you feel your business matches our criteria, please submit your business plan or summary to

Once you have submitted a plan:

  • Auroraís staff will review the plan and get back to you within 2 weeks.
  • There is no need to contact us unless you have not heard from someone at Aurora within 2 weeks.
  • If we feel it is necessary for you to come in to present your business plan, we will contact you
  • Aurora performs due diligence on companies they are interested in
  • Aurora does not sign Non Disclosure Agreements but Aurora does make every effort to ensure the confidentiality of the entrepreneurís ideas and business plans.
  • Aurora reviews a minimum of 2,000 business plans each year
  • Aurora usually makes 10-12 investments each year.

Useful Links:
Council for Entrepreneurial Development -
Mid-Atlantic Venture Association (MAVA) -
National Venture Capital Association (NVCA) -
North Carolina Biotechnology Center -
North Carolina Electronics & Information Technologies Association (NCEITA) -
North Carolina Technological Development Authority -
Small Business & Technology Development Center -
American Entrepreneurs for Economic Growth -