Who’s who: London Technology Fund
The London Technology Fund (LTF) funds new, high-growth technology companies based in Greater London as part of syndicates with up to £1m to invest. It looks for start-ups in:
- ICT and electronics
- Biotechnology
- Medical (instruments, pharmaceuticals and healthcare)
- Emerging technologies such as nanotechnology
- Energy
- Environment
- Physical sciences and engineering
- New materials
- Value added manufacturing
The LTF is expected to operate until 2015-17 and looks for exits from its investment in five to seven years. Its investment policy restricts it to investing in technology-based SMEs that are unquoted companies with their headquarters and their principal place of business in Greater London. The business must be at the earliest stages of development but with demonstrable management skills, growth potential and financial controls together with a willingness to attract private investors.
The London Technology Fund is funded by the London Development Agency and the European Regional Development Fund, and managed by Company Guides Venture Partners, 13 Christopher Street, London EC2A 2BS, UK. Tel: ++44 (0) 20 7247 6300.
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This is really good news for business owners that needs additional funding.
But besides giving additional funding to businesses, what other benefits can the London technology fund bring to the people?
I searched for information regarding this and was able to find it in this site-> http://www.newenergyworldnetwork.com/clean-energy-investor-profiles/newnet-investor-profile-david-mcmeekin-london-technology-fund.html
This article stated that, “We expect this focus on productivity to create markets for technologies which can help to reduce costs in areas such as energy, raw materials and waste. Innovation benefits from a focus on productivity and we believe there will be tremendous scope for innovative young companies, based on world class technology, in such a market.”
With these great benefits that the London Technology fund brings, are there any negative results that can come out from the London Technology Fund?