Investment Committee Names Alpha Wolves

The Alpha Fund’s investment committee will consist of a “Who’s Who” of local business leaders. The developing $2 million-$5 million investment fund is designed to get fledgling technology firms off the ground.

The guardians of The Alpha Fund will include John Lewis, chairman of the Bank of Fayetteville; Uvalde Lindsey, president of Ozark International Consultants; Wayne Britt, chairman of Spectral Fusion Technologies in Birmingham, England, and the former CEO of Tyson Foods Inc.; Robert Kennedy, a retired finance professor emeritus from the University of Arkansas’ Walton College; and investment bankers and fund sponsors John Nock and David Lewis.

Calvin Goforth, of Virtual Incubator Corp. in Fayetteville, helped Nock and David Lewis get the concept going. The committee will govern how funds are spent and protect the investors.

Traditional venture capital providers fund projects that have reached the “embryonic stage” of development. The Alpha Fund will give a chance to companies that are still at the “twinkle in the eye” stage.