49th State Angel Fund is Alaska's premier entrepreneurship fund, dedicated to supporting high-growth businesses and promoting innovation in the state. With a mission to provide a constant source of capital for startups and foster economic growth in Anchorage, they play a vital role in strengthening Alaska's risk capital and entrepreneurial ecosystem. Initially funded with a $13.

2 million federal allocation from the United States Treasury, 49th State Angel Fund operates under the State Small Business Credit Initiative (SSBCI) and the Small Business Jobs Act of 2010. They are also backed by the Anchorage Angel Evergreen Fund, which was established in 2016 to reinvest returns and principal funds. Melanie Lucas-Conwell, the director of 49th State Angel Fund, is committed to driving the success of their portfolio both in Alaska and beyond.

With a background in investment and business strategy, Melanie brings valuable expertise to the table. She is also actively involved in the Anchorage C-PACE clean energy financing program. The fund benefits from the guidance and expertise of an Advisory Committee, which consists of prominent entrepreneurs, investors, business professionals, and economic developers in Anchorage.

Through their collective knowledge, 49th State Angel Fund is able to make informed investment decisions and provide valuable support to early-stage and disadvantaged businesses. In her free time, Melanie takes advantage of Alaska's breathtaking natural beauty, enjoying sailing with her partner and dog in the summer and downhill skiing in the winter. With their commitment to fostering entrepreneurship and driving economic growth, 49th State Angel Fund is a crucial partner for startups looking to make their mark in Alaska's business landscape