KAYWEB Angels, who provide development services and mentoring in exchange for equity, already have six portfolio companies in their stable and look certain to add to that number by the end of April.

KAYWEB Angels CEO Haig Kayserian said his Board has filtered the over-150 applications they received over the past six months down to a select few they are now seriously considering for investment. Some of the submitting entrepreneurs will be invited to "pitch in person" to KAYWEB Angels in February and March, and offers will be made to those deemed to be the best.

Kayserian said: "We are very pleased with the constant flow of applications into KAYWEB Angels. It further enforces our founding belief that there is a gaping hole in the tech investment market for a core investment of engineering services to businesspeople with great web/mobile ideas but not enough technical knowledge to see these ideas into reality.

Visit www.kaywebangels.com and click APPLY to begin the application process with an online submission.