London, Ontario, Canada / (CFPL AM) AM 980
October 29, 2015 12:24 pm
A London entrepreneur struck gold inside the Dragons’ Den.
Mitchell Brogan, the President of Able Bionics, secured a deal with the Dragons on the hit CBC show, which aired Wednesday night.
He was looking for a $250,000 investment in his company, which sells exoskeleton technology to assist those suffering from mobility issues.
Instead of buying equity in the company, Brogan tells AM980 he’s getting a 3-year loan for the money at 3.5 per cent interest.
“We did receive that from all five dragons which is sort of epic, really, on the dragons and it really goes to show that they all support this technology, they support the idea, and that’s really the big thing.”
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