May 22

Call For Startups Focused on Smart Transportation


Tel Aviv, Israel (PRWEB) March 17, 2015

The Transportation Innovation Institute at Tel Aviv University, in collaboration with EcoMotion today announced its call for applicant startups for its Summer round which runs June 1 September 1. The program takes no equity, provides 100,000NIS (about $ 25,000.00) to the founders, and access to world-class mentors and experts in the field of startups and transportation innovation. Applicants from around the world are invited to submit their applications no later than March 31.

Israel As A Center for Transportation Innovation

Israel is one of the leading startup and innovation hubs in the world. In the last 24 months, Israel-based companies focused on transportation such as Waze, MobilEye, RedBend, Moovit and GetTaxi have seen exits, IPOs and funding in excess of $ 2.5 billion. The program will be administered by the EcoMotion staff, and will draw upon a community of mentors and experts in related fields.

Startups accepted into the accelerator will gain exposure to a variety of experts, companies and investors from the field, mentors and leaders in the transportation industry. They will also receive funding to develop their product, professional services and work space, as well as be access to, facilitating the creation of new partnerships.

Why EcoMotion?

EcoMotion provides not only an opportunity to accelerate new and innovative startups, but doing so in the Startup Nation, Israel, stated Boaz Moam, Executive Director of EcoMotion. The work you will do at EcoMotion will provide your startup with world class experts, access to deal flow for investment, and strategic partners seeking innovation and fresh ideas from the startup sector.

Who? Admission Requirements

Startup teams from around the world are invited to apply to the summer class. Five companies will be accepted into the program as long as they meet the following the following criteria:

1. Potential impact on both domestic and global levels.

2. The startup applying has received no more than $ 100,000.00 in seed funding.

3. Potential to raise initial or add-on funds.

4. Commitment of at least two of the founding team members to spend the majority of his/her

time in Israel during the program.

Location

The Accelerator is housed in the Porter Building, home to the School of Environmental Studies at Tel Aviv University. Each startup will receive a portion of a shared workspace. The work will be primarily independent, specific to the project plan with a weekly -shared day leaded by the program administrator. Each group presents its progress, problems and current needs, as well as enrichment lectures.

The managing team will also aim to include relevant university departments in the entrepreneur’s activity.

The focus of work will be based on three main levels:

1. Product development.

2. Formulation of a business model and operation.

3. Securing sources of financing for further development.

Desirable Outcomes

At the end of the Accelerator program, each of the projects will be prepared to raise its 1st Round funding, seed funding, or acceptance to an incubator. The best case scenario (i.e., software projects) would be market-ready.

Funding

Participants in the Accelerator program will not be charged any fees or percentage from future project earnings. Each startup accepted to the program will receive 100,000NIS (about $ 25,000) for related expenses. The funds will be given according to the work plan submitted by each project and approved by the Executive Committee. The funds may be used to purchase equipment, services, travel to conferences and meetings, marketing expenses and site construction. The funds are not to be used to cover payroll expenses.

A Community of Mentors

The EcoMotion staff and many community members will be available to the accelerator projects: Local Investors (foundations, government programs and international cooperation programs), entrepreneurs and other companies, academics, government and local authorities, local and international companies.

How to Apply

Startup teams should apply to: transportationaccelerator.com . Applicants will be notified of their status, have an opportunity to conduct a Skype call interview and discussion by April. Companies selected for the program will announced on April 27 at the EcoMotion Main Event.

For more information, visit: http://www.transportationaccelerator.com







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May 20

Monsanto & Dow Spend More Than $8 Million Dollars on Maui Ballot Initiative, Yet Lose to Citizens Groups; Companies Vow to Fight GMO Moratorium


Wailuku, Maui (PRWEB) November 09, 2014

Calling themselves the Citizens Against the Maui County Farming Ban, but funded almost exclusively by the Agro Chemical companies (Monsanto 5.1 Million, Dow/Mycogen 1.8 Million), the anti-moratorium group reported raising nearly $ 8 million dollars through Oct 20. (10) Numbers for the last two weeks of the campaign are, as of yet, unreported.

The corporate giants spending dwarfs all previous Hawaii political campaigns. Dubbed the most expensive local initiative in the country by the Center for Public Integrity, this amounts to $ 362 for every vote earned. (2)(3)

The companies outspent nearly 100 to 1 the community based SHAKA Movement (Sustainable Hawaiian Agriculture for the Keiki and the Aina) and Maui Citizens for a Temporary Moratorium on GMO Crops, which together raised under $ 90,000 (10).

Still, voters here approved the Countys first-ever Citizens Initiative, a temporary moratorium on the cultivation of genetically engineered crops until Environmental and Public Health Impacts Study (EPHIS) are conducted and the industrys practices and operations are found to not cause harm to the environment and/or the people of Maui County. (1)

Residents concerned with the expanding GMO fields upwind from homes and schools and the potential heath risks from exposure to the growing use of pesticide combinations associated with the production of GMO seed crops, as well as open-air chemical experiments, gathered 9,062 valid petition signatures to get the successful citizens initiative on the November ballot. (13)

Local Climate/Global Implications: Quietly, over the years, the Agro Chemical companies have moved into Maui County where the three to four growing cycles per year dramatically expedite their research and development of new varieties of genetically engineered corn and other crops.(4)

As pineapple and sugar cane production has declined, corn seed production in Hawaii has grown to be worth $ 217 million, as of 2012, the most recent data available. (5) Monsantos and Mycogens GMO seed operation has grown to occupy 3,500 acres on Maui and Molokai.(7)

The Agro Chemical companies flooded the community with all forms of advertising. In their ads, the group called the initiative a Farming Ban and claimed the moratorium would cause the loss of hundreds of jobs and devastate the countys economy.

Hundreds of Maui residents worked to counter pro-GMO advertising with grassroots outreach to share their concerns about seed companies practices. They also created their own ads featuring local farmers to debunk the companys claims. (8)

According to Mr. Evan Ryan, owner of Pono Grown Farm Center and past board member of the Maui Farmers Union United, The GMO initiative asks for a temporary suspension of GMO crops while health and environmental impact studies can be conducted. There is no farming ban.”

Mr. Ipo Mokiao, a traditional Hawaiian nature farmer said: This bill affects the chemical companies doing GMOs. Thats just 1 percent of all farming operations in Maui County. They paid for those ads.

And Mr. Alika Atay, President of the Hawaiian Indigenous Natural Farming Association and one of the five Maui citizens who sponsored the initiative, spoke to the companies directly: Please stop using our local farmers as pawns in your advertising campaign.

Despite the Industrys advertising, or perhaps because of the extent of it, the grassroots movement persevered and won the election.

Hawaii State Representative Mr. Kaniela Ing observed in an interview broadcast by Hawaii News Now: I think what changed the game was when the campaign disclosure came out and (people) realized that $ 8 million was spent by just two companies to affect this. I think the people spoke out loud and clear that that has no place on Maui.” (9)

By comparison, two of the grassroots organizations supporting the initiative, the SHAKA Movement (Sustainable Hawaiian Agriculture for the Keiki and the Aina) and Maui Citizens for a Temporary Moratorium on GMO Crops, raised and spent a total of just under $ 90,000, (10) primarily through a crowd funding campaign with donations averaging about $ 50 each.

One day after a historic citizens initiative calling for a moratorium on the cultivation of all genetically engineered crops in Maui County passed, in a statement, John P. Purcell, vice president of Monsanto Hawaii Business, said the company intends to challenge the ordinance.(6)

Whats at stake is whether corporations can come in here and run our island as a chemical experiment where they ship out the profits and we have to deal with the pollutants, said Mark Sheehan, and a long-time Maui environmentalist and one of the five citizens who sponsored the initiative. (4) Regardless of the final outcome of the companys coming maneuvers, the issues of corporate profits as a trade off for public and environmental heath is not going to go away.

May 18

Subscription Billing Startup ChargeBee Raises $5M Series B Led By Tiger Global


(PRWEB) March 12, 2015

ChargeBee, a SaaS based recurring billing startup, has secured $ 5 million in venture funding, in a Series B round led by Tiger Global with participation from existing investor Accel Partners. This takes the startups total funding to $ 6.17 million.

Subscription based SaaS and e-Commerce markets have seen exponential growth. ChargeBee now processes over $ 100MM USD annually for their customers that include fast growing startups like Freshdesk, Kissflow, Soylent and VinylMe,Please.

In recent years, popular startups like Stripe, Braintree & others have made it easier for businesses to process payments online. But ChargeBee believes there is a huge gap in the market for fast growing startups that need automation of recurring billing operations apart from payment processing.

ChargeBee offers good riddance to all the day to day billing use cases that cuts across business functions like finance, support, sales and marketing in a typical subscription business.

Their approach is similar to the service play that Rackspace brought to infrastructure management that ChargeBee aspires to bring to SaaS with their concierge like service.

Billing is an amazing opportunity for conversation with customers but also a point of friction if not done well. In a subscription based business model it becomes crucial to deliver amazing customer experience in billing as much as your product and we focus on delivering this on top of global payment gateways like Stripe & Braintree, says Krish Subramanian, Co-founder & CEO of ChargeBee.

ChargeBee has built amazing relationships with their customers that stands above everything else in market. We believe their focus on engineering to build a great platform complemented by this level of customer service is a tremendous opportunity to serve the next generation of globally relevant SaaS businesses., said Shekhar Kirani of Accel Partners.

With this investment, ChargeBee is planning to expand its engineering & customer support team to accelerate their product roadmap.

Zuora, Recurly & Chargify are other players in the Subscription Billing space and ChargeBee believes they have a lot of headroom to grow.

With this round of funding, ChargeBee intends to accelerate the product roadmap to expand its product offering and build local presence in key markets like US, UK & Australia.







May 15

Annual Revenues, Profits, and Loan Applications of Women-Owned Businesses Increased in 2014, According to Biz2Credit Study


New York, NY (PRWEB) March 11, 2015

Average annual revenues and loan approval percentages of women-owned companies increased significantly in 2014, according to Biz2Credit.com, the leading online credit marketplace, which analyzed more than 15,000 applications from business owners on its platform during the last year.

Average annual revenues of women-owned business jumped to $ 127,222 in 2014, up from $ 91,488 in 2013 and nearly 40% higher in a year-to-year comparison. Meanwhile, average earnings rose to $ 67,950 in 2014, up from $ 54,114 in 2013.

In comparison, businesses owned by men generated about 50% more revenue ($ 193,268) on average than women-owned businesses. Further, average earnings for male-owned businesses were 55% higher ($ 105,805) than for companies owned by females.

Our analysis shows that a gender-gap still exists, despite the increased profitability that we are seeing with women-owned business in recent years, explained Rohit Arora, CEO of Biz2Credit, who oversaw the research. However, women entrepreneurs should feel a sense of optimism, as the numbers indicate that the gap is narrowing.

Meanwhile, average credit scores for women-owned companies dropped slightly below 600 in 2014, down from 610 in 2013. Meanwhile, average credit scores were 15 points higher for businesses owned by men (615) in 2014. However, average credit scores male-owned businesses also dropped from 630 to 615.

“More and more business owners are seeking credit because the improved economic conditions, although realistically not everyone is creditworthy. During the good times, more people are involved in the lending mix,” explained Arora, one of the nations leading experts in small business finance. Many banks will not even consider granting a small business loan to companies that have credit scores under 600, so these types of business owners are forced to resort to higher-cost alternatives to funding.

The Biz2Credit report showed that 36% more women-owned companies sought funding on the Biz2Credit platform in 2014 than in 2013. The average age of women-owned businesses applying for funding in 2014 was 31 months, up from the average age of businesses owned by women (27 months) in 2013.

These are great signs of the growth in small business confidence, suggested Arora. Small businesses do not apply for funding unless they believe they can repay their debts.

Approval rates for women-owned businesses were 29% lower than for male-owned businesses.

“In 2014, we saw male entrepreneurs return to the credit market after sitting out for a while. Generally, they owned longer established, more creditworthy businesses,” Arora said. “This accounts for much of the difference in approval rates.”

Key findings:


Average earnings for women-owned businesses rose to $ 67,950 in 2013 from $ 54,114 in 2013, an improvement of more than 25%
36% more women-owned businesses applied for credit in 2014 than in 2013
The average credit score for women-owned companies dropped from 610 in 2013 to 600 in 2014
Retail trade businesses represented 19.85% of the women-owned companies in the study, the largest category of businesses.

Statistics: Women-owned vs. Male-owned Businesses

Women to Men Ratio: 26% (4,061) vs. 74% (11,480) registrations on Biz2Credit.com in 2014
Average Annual Revenue for women-owned businesses ($ 127,222) was $ 66,045 lower than the annual revenue of male-owned companies ($ 193,267) in 2014.
Average Operating Expenses: Women-owned businesses tended to have slightly higher average operating expenses. Expenses were 47% of earnings for women-owned businesses; 45% for male-owned companies
Average Credit Score: On an average, the credit scores for women-owned businesses (600) were 15 points lower than male-owned companies (615). The difference was 20 points in 2013.
Average Age of Business (in months): 31 vs. 37 for male-owned companies (the age of businesses applying for loans was lower for women-owned businesses)

Biz2Credit cited the following reasons for the improvement of the fortunes of women entrepreneurs:

The overall improved economy has made it easier for women-owned businesses to get loans.
Peer-to-Peer or “Marketplace Lending” by institutional investors in the small business credit marketplace is changing the industry. While big bank lending is up, they tend to focus on larger amounts. Marketplace lenders are charging attractive interest rates and offering longer terms, thereby taking market share from factors and cash advance companies.
With experience, women-owned businesses have become more competitive, more efficient, and more cost effective than ever before.
Online lending portals have made it easier for borrowers to reach banks, marketplace lenders, micro lenders and other types of financial institutions.
Startup costs of all types of businesses have gone down. Companies dont need big offices, and many of them are hiring part-time employees who can work virtually from home on their laptops or tablets and smart phones.

About Biz2Credit

Founded in 2007, Biz2Credit has arranged more than $ 1.2 billion in small business funding throughout the U.S. and is widely recognized as the #1 online credit resource for startup loans, lines of credit, equipment loans, working capital and other funding options. Using the latest technology, Biz2Credit matches borrowers to financial institutions based on each company’s unique profile — completed in less than four minutes — in a safe, efficient, price-transparent environment. Biz2Credits network consists of 1.6 million users, 1,300+ lenders, credit rating agencies such as D&B and Equifax, and small business service providers including CPAs and lawyers. Visit http://www.biz2credit.com, follow on Twitter @Biz2Credit, and Facebook http://www.facebook.com/biz2credit.







May 13

Lake Erie Golf Cars Now Offers Two New Electric-Powered Models

WARRENSVILLE HEIGHTS, OH (PRWEB) March 09, 2015

Lake Erie Golf Cars on Miles Road in Warrensville Heights, OH announces the inclusion of two new 2015 electric-powered golf cart models to their inventory. The Yamaha A.C. Power and Bad Boy Buggies Recoil iS Crew cars are now available for sale at their Warrensville Heights location.

The 48-volt, 6.7-horsepower Yamaha A.C. is the first golf sports car with features such as a stylish dashboard, two-person seating, and a maximum speed of 19.5 miles per hour. It is available in seven different paint colors and two vinyl seat colors.

The 72-volt Bad Boy Buggies Recoil iS Crew offers seating for four, four-wheel drive, and up to 33 miles per charge with a maximum speed of 24.5 miles per hour. This vehicle also features a 5.9-cubic-ft cargo bed and has a 900-pound towing capacity.

We are excited to add these two high-power electric vehicles to our consumer-driven inventory. Lake Erie Golf Cars brings to the table what many other golf car dealers dont, says General Manager Frank Cisterino. We pride ourselves on having a car for every budget. We also offer great financing rates, from 24 months at 0% to rates as low as 1.9%.

Financing information and applications are available on the Lake Erie Golf Cars website. Because pricing on these new golf car models varies, customers are encouraged to call the store for details.

For more information on the Yamaha A.C Power, Bad Boy Buggies Recoil iS Crew, or other golf cars, Lake Erie Golf Cars invites prospective customers to visit their website at http://www.lakeeriegolfcars.net or contact the store by phone at 216-763-2090. You can also visit Lake Erie Golf Cars at 26565 Miles Road, Warrensville Heights, OH 44128 and a friendly service representative will be happy to show you all available products and answer any questions you may have.

Based in Warrensville Heights, OH, Lake Erie Golf Cars is known as one of the premier golf cart dealers in Ohio. The store keeps new and used golf carts, utility vehicles, and buggies in stock and provides low financing options. Lake Erie Golf Cars also offers golf car maintenance and custom-designed vehicles to fit every customer’s needs.







May 10

AxoGen, Inc. Reports 61% Revenue Growth for the 2014 Fourth Quarter


Alachua, FL (PRWEB) March 05, 2015

AxoGen, Inc. (NASDAQ: AXGN), a leading medical technology company focused on the peripheral nerve repair market, reported record revenue of $ 4.79 million for the fourth quarter ended December 31, 2014 compared to $ 2.98 million in the year-ago fourth quarter demonstrating the Companys successful execution of its growth strategies.

Our strong fourth quarter revenue growth reflects the markets growing acceptance of our peripheral nerve repair products which is driving increased surgeon adoption of our unique product portfolio Avance

May 08

The American Club Resort Hotel Rated Among Top Luxury Hotels in America by U.S. News & World Report


Kohler, Wis. (PRWEB) February 04, 2015

Using a comprehensive methodology that takes into account the opinions of both professional travel experts and hotel guests, U.S. News & World Report has once again placed The American Club hotel at Destination Kohler on its list of the top luxury hotels in America. U.S. News & World Report rankings, regarded as one of the hotel industrys truest indicators of excellence, also named The American Club the best hotel in the state for the second year in a row.

U.S. News & World Report only looks at a small percentage of the very top hotels, so its especially meaningful to be awarded this honor, said Michael Belot, General Manager of Destination Kohler. This is a news source that has developed a very sophisticated rating system that its readers rely on, and people look to it for unbiased ratings on everything from colleges to cars. We are exceptionally proud to be on this list again.

Authors of the highly anticipated annual rankings list looked at more than 1,700 luxury hotels across the United States. Using their criteria, a hotel must fall at or above the 90th percentile of all the ranked hotels in the country in order to be considered among the best in the U.S. Were taking the guesswork out of finding a great hotel, said Erin Shields, Travel Editor for U.S. News & World Report. The Best Hotels of 2015 represent the top properties recognized by experts and travelers alike for their exemplary service, ample amenities, and comfortable accommodations. Of the hotels reviewed for this years list of the best in the country, The American Club was ranked #164 and was the only hotel in Wisconsin to make the list.

U.S. News & World Report took note of the fact that both professional critics and the majority of Trip Advisor travelers gave The American Club ratings of Excellent. The article also mentioned that visitors applaud the five on-site dining options and appreciate the wide array of treatments and services at the Kohler Waters Spa. It touted the resorts enormous sports facility and stated that families enjoyed being able to tour the Kohler Co. factory to see how faucets and fixtures are made. It also said guests had high praise for the Whistling Straits and Blackwolf Run golf courses, saying their beauty rivals the rugged courses of Scotland.

Kohler Co., most notable for its artistic and innovative kitchen and plumbing products, has a rich history of creating high-end products and experiences. Since forming the Hospitality & Real Estate Group in 1981, Kohler Co. has continued the tradition of offering the most luxurious and personalized experiences at both Kohler-owned properties in Wisconsin and St Andrews. Both properties, known for their high-level customer service and impeccable attention to detail, are recognized internationally for their championship golf courses. The American Club Resort is home to public courses Whistling Straits and Blackwolf Run, which have collectively hosted the 1998 and 2012 U.S. Womens Open, 2004 and 2010 PGA Championships, 2007 U.S. Senior Open and are the future locations for the 2015 PGA Championship and 2020 Ryder Cup. The Old Course Hotel, Golf Resort & Spa overlooks the worlds most famous golf course, The Old Course, and also offers golf at the only healthland course in the area The Dukes. The resort has served as host hotel for both the 2010 British Open and the annual Alfred Dunhill Links Championship and will serve as host hotel for the 2015 British Open. In addition, these two resorts offer unparalleled experiences at Kohler Waters Spas, highly acclaimed for their innovative water-based therapies.

For reservations, please call 800-344-2838 or visit http://www.AmericanClub.com for more information. Stay up to date on news and happenings on Facebook facebook.com/americanclub and on Twitter, http://www.twitter.com/theamericanclub.

About Kohler Co. Hospitality & Real Estate Group

The Kohler Co. Hospitality & Real Estate profile includes The American Club, boasting the first and only Forbes Five-Star hotel property in Wisconsin, and world-renowned championship golf courses Whistling Straits and Blackwolf Run. Acquired in 2004, its sister property, The Old Course Hotel, Golf Resort & Spa in the birthplace of golf, St Andrews, Scotland, is a AA Five Red Star property and recognized as one of the most luxurious resorts in the world.

About The American Club resort

The American Club resort, a Forbes Five-Star Recipient and the Midwests only AAA Five-Diamond resort-hotel was named #3 Golf Resort in North America, by Golf Digest Magazine. The resort is one of only 44 hotels in North America with both the Forbes Five-Star and AAA Five-Diamond distinction. Kohler Waters Spa in Kohler, Wisconsin is the first and only Forbes Five-Star spa in Wisconsin and one of 41 spas worldwide to hold this distinction. The resort features 12 dining establishments from the Forbes Four-Star Immigrant Restaurant to traditional pub fare at Horse & Plow and rustic Italian at Cucina. The resort is located in the Village of Kohler, Wisconsin, one hour north of Milwaukee and two and a half hours north of Chicago.







May 01

Veteran Health Care Investor Teresa McRoberts Returns to Alger

New York, NY (PRWEB) February 25, 2015

Fred Alger Management, Inc. (Alger), a leading asset management firm, announced today that Teresa McRoberts has rejoined the firm as head of the health care team, Senior Vice President, Senior Analyst and Portfolio Manager of the Alger Health Sciences Fund. Teresa also joins other Alger Senior Analysts as Portfolio Manager of the Alger Mid Cap Growth strategies.

I am extraordinarily pleased to announce that Teresa has returned to Alger, said Dan Chung, Alger CEO and Chief Investment Officer.

With extensive experience in investment banking and corporate finance, Teresa began her career in investment management at Alger in 1994. As a health care analyst, Teresa learned and excelled at Alger’s investment philosophy of investing in Positive Dynamic Change and the firms process of in-depth fundamental research.

Teresa eventually left Alger to pursue an opportunity to manage a healthcare sector fund in 1998. However, after September 11th, when Alger lost 35 colleagues including then-CEO David Alger, Teresa immediately offered to return to Alger.

“Teresa’s return to Alger after 9/11, along with other Alger alumni, was instrumental to our ability to recover and rebuild,” said Dan. Teresa rejoined Alger to lead the health care team, serve as a Senior Analyst, and ultimately to join Patrick Kelly as a Portfolio Manager for the Alger Spectra and Alger Capital Appreciation strategies. Teresa was the inaugural portfolio manager for the Alger Health Sciences Fund when it launched in 2002. During her tenure as portfolio manager, the Alger Health Sciences Fund performed with top quintile Morningstar rankings on a one- and three-year basis as of September 30, 2005.

Towards the end of 2005, Teresa and I felt overwhelming pride in our success rebuilding Alger, added Dan. It was with my full support that she pursued her desire to manage investment strategies in a long/short environment, something Alger, at the time, did not offer.

Subsequently, Teresa founded Bienville Health Science Partners, a long/short hedge fund. “Founding and managing my own firm and strategy has been a tremendously satisfying professional experience,” said Teresa. “At this point in my career, I want to focus exclusively on what I truly am passionate about in our business: investing in healthcare stocks. I am confident that Alger is the perfect place to carry out that passion. I am extremely proud of Alger today, and look forward to working again with Dan, Jill Greenwald, and Patrick Kelly, along with everyone at Alger.”

Teresa is one of the most highly regarded health care analysts in the industry and one of Algers most illustrious alumni. I could not be happier she has rejoined Alger, said Dan. The breadth and depth of Teresas experience in long-only and long/short health care sector investing plus her background and knowledge in Algers research and investment process is a winning combination. Teresa is a star who started her investment management career at Alger, helped rebuild the firm after 9/11, and has now come back home to Alger for what I hope to be the best part of her career. Im confident that her leadership will enable us to provide strong, long-term investment returns for our clients.

Teresa has 33 years of investment experience, including health care portfolio management roles at Tribeca Global Management (Citigroup), Carlyle-Blue Wave Partners and Galleon Group. Teresas additional experience includes working as a portfolio manager and principal at Morgan Stanley, and analyst and corporate finance roles at JP Morgan. Teresa earned her B.A. from Oberlin College and her M.B.A. from Columbia University.

About Fred Alger Management, Inc.

Fred Alger Management, Inc. was founded in 1964 and as of December 31, 2014 managed more than $ 22.4 billion. Alger’s investment philosophy is focused on uncovering companies undergoing Positive Dynamic Change, which we believe offer the best investment opportunities. Algers investment strategies are available to institutional investors through separate accounts and mutual funds, and to retail investors through Alger mutual funds. Fred Alger & Company, Incorporated, a broker-dealer and the parent company of Fred Alger Management, Inc., offers mutual funds as well as institutional funds for defined benefit and defined contribution plans. For more information, please visit http://www.alger.com.

Before investing, carefully consider the Funds investment objective, risks, charges, and expenses. For a prospectus or summary prospectus, call (800) 992-3863, visit http://www.alger.com, or consult your financial advisor. Read it carefully before investing.

Morningstar percentile rankings are based on the total return percentile rank (excluding sales charge) within each Morningstar Category. The highest (or most favorable) percentile rank is 1 and the lowest (or least favorable) percentile rank is 100. If sales charges were included, performance would be lower and the rank may be lower. Morningstar Rating is not to be confused with Morningstar Ranking, which is a numeric ranking of the fund, and is a distinct designation. Alger Health Sciences Fund, Class A’s Morningstar Percentile Rank (Health Category, as of 9/30/05) was 1-year (8%, 10 of 117 funds); 3-years (13%, 15 of 116 funds). Alger Health Sciences Fund, Class A’s Morningstar Percentile Rank (Health Category, as of 12/31/14) was 1-year (80%, 102 of 126 funds); 5-years (93%, 105 of 112 funds); 10-years (53%, 50 of 94 funds). Source: Morningstar. During certain of the referenced time periods, the Fund experienced periods of negative performance results.