New Louisiana Angel Fund

BRF spearheaded the formation of the New Louisiana Angel Fund 1 (NLAF 1) in 2014 to fill the gap resulting from a regional lack of organized investment resources for startups. NLAF 1 is the first north Louisiana angel investor group and meets monthly to evaluate for startups for funding.

To ensure a vibrant innovation ecosystem, north Louisiana needs a well-managed investor fund comprised of accredited investors who meet regularly to evaluate marketable opportunities. The New Louisiana Angel Fund 1 (NLAF 1) was created in 2015 to provide funding to entrepreneurs and investment opportunities to accredited investors who want to promote the growth of business initiatives in Shreveport-Bossier and north Louisiana. The member-managed fund was organized by the BRF.

NLAF 1 is now syndicated with investor groups in New Orleans, Austin, Dallas, Houston and Baton Rouge, which provide opportunities for additional funding of its startup companies. In addition, NLAF 1 angels may participate with “side car” deals, whereby members can individually make additional investments in an NLAF 1-funded company. In 2015, NLAF 1 closed its fund with $2.675 million raised from 53 investors, and invested $1.045 million in eight companies. These companies raised an additional $11.574 million from other sources, including other syndicated angel groups and side car investments.

The Innovation Model


  • State & regional higher ed faculty, staff and students
  • Community individuals
  • Angel networks & investors
  • Accountants/lawyers and other professionals
  • Marketing and public relations


  • Market Analysis
  • Financial Analysis
  • Business Plan Development
  • Creating the Pitch


  • Angel Funding
  • Side car Funding
  • Venture Capital

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Diversify and grow our region’s economy.



Operate as a catalyst to expand and develop research, entrepreneurship and high-growth businesses in our region.



Innovation. Collaboration. Problem Solving. Bold Action.

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BRF helps young companies and ideas, transforming them into prosperous entities that better the future of our region.