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| Copyright ©2010 MK Enterprise
Hub |
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Latest News |
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SOUTH EAST LAUNCHES £5m SEED FUND |
15/01/2008
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The £5 million fund is for equity investments in ambitious, high growth businesses based in the South East region of the UK (Milton Keynes, Oxfordshire, Buckinghamshire, Berkshire, Hampshire and the Isle of Wight, Surrey, West Sussex, East Sussex and Kent).
It will support the development of young businesses at an early stage when funding from institutions or individuals is often hard to find. Investments will be made on typical venture-capital-industry terms. It will work on a “matched” basis, though in exceptional cases may invest up to £500,000.
Key investment parameters which make a business eligible for consideration must meet a range of criteria including:
• Small or medium-sized enterprise seeking start-up or early-stage growth capital;
• Funding requirement of up to £250,000;
• Funding from private sources to match the Fund’s investment is required;
• Compelling, high-growth business case that is scalable;
• Clearly sustainable competitive advantage, which may be based on IP.
Investors in the Fund are a group of South East universities, SEEDA (the South East England Development Agency) and ProLogis Developments Ltd.
Interested? Looking for investment?
In the first instance please contact Chris Dunkley at the MK Enterprise Hub for more information.
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| Website : http://www.financesoutheast.com/ourfunds/index.aspx?id=108 |
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