£30 million venture capital fund for SMEs. The fund provides initial seed capital investments of between £50,000 and £750,000 and up to £2 million in any one company over a series of investment rounds.
Available to SMEs only.
As part of the Techstart II suite of funds there is a £30 million venture capital fund for SMEs.
The Proof of Concept grant programme remains a key offering, with companies being able to obtain grant funding ranging from £10,000-£35,000 to progress concept ideas.
- The Techstart suite of funds forms part of an enterprise escalator of support for seed/early-stage companies and University spin-outs.
- The Fund Manager will consider investment ideas which present a compelling, scalable high growth business proposition.
- Evidence of innovation (technology-based or otherwise) and /or first-mover advantage will score highly, as will early sales or demonstrable customer traction.
The fund is managed on behalf of Invest NI by Techstart Ventures. The fund is part-financed by the European Regional Development under the EU Investment for Growth and Jobs Programme 2014 – 2020.