New venture capital fund open for business
Invest Northern Ireland has announced that a new suite of initiatives to support start-up and early stage businesses in Northern Ireland is now open for applications.. The support includes a £5 million venture fund element to focus on seed and early stage businesses, typically investing from £50,000 to £250,000. A £3 million proof of concept fund will provide funding to very early, non-university projects.
In addition, this initiative will assist young companies through investment readiness support, incorporating showcasing events, in-depth mentoring and guidance on intellectual property exploitation.
Announcing the support services, Alastair Hamilton, Invest NI’s Chief Executive, said:
“While many companies are currently preoccupied with the debilitating effects of the recession, it is important that we continue to put in place the foundations for future growth in our economy. The initiatives announced today will enable us to harness the knowledge and expertise from our businesses, universities and the community.
The fund is being managed by E-Synergy and any businesses interested in seeking investment should e-mail Claire Hodson at email@example.com or Leigh Dixon at L.Dixon@e-synergy.com with their full contact details (including address) and an executive summary of their business.