Created specifically for the technology sector, the £25m North East Technology Fund will support technology businesses from the early stage through to the development funding phase and beyond.
Equity investments will be made principally to address the demand from technology companies for seed and development stage finance. Funding will be available up to a maximum of £1.25m.
Through equity investments the Fund will maximise take-up from privately funded co-investors with the aim of stimulating interest among business angel investors and privately funded venture capital institutions. The Fund will also invest in more mature technology companies seeking mezzanine finance.
The North East Technology Fund is ma naged by IP Group plc.
Please contact Duncan Lowery on 07946 016 618 or email duncan.lowery@ipgroupplc.com for more information.
IP Group plc
Suite 1
West One
Forth Banks
Newcastle upon Tyne
NE1 3PA
Tel: 07946 016 618
www.ipgroupplc.com
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