AVRA Beset with Courtiers

AVRA Financial Group Inc., another company that recently secured Beta-Rubicon to do its technology assessment work, has suddenly found itself beset with courtiers.

Pennsylvania and California have picked up the pace in their pursuit of the national equity guarantee insurance program that’s designed to spark economic development while mitigating the risks associated with entrepreneurial ventures.

That puts those states ahead of the pack with Arkansas. Dr. Allan Isen, AVRA’s founder, chairman and president, was recently in Fayetteville discussing his patented system that would back qualified ventures at 50 cents on the dollar. AVRA’s business plan is detailed here.

After leaving Arkansas, interest from institutional investors in Pennsylvania and California prompted Isen to visit groups in both places. About a half dozen other states, and numerous research universities have also expressed strong interest in AVRA.

But Isen said previously he hoped to start the program in “Middle America” so that it would seem more accessible to the average startup.

AVRA is expected to encourage $100 million worth of new business in the first state where it lands.