E-Synergy to participate
in new £1 Million Investment
Grooming Pilot Scheme for High-Growth Small Business.
May 2002
Following the Chancellor of the Exchequer's Budget speech,
Small Business Minister, Nigel Griffiths announced that a
series of pilot 'investment readiness demonstration projects'
will be backed by £1 million of Small Business Service
funding. These will seek out dynamic small businesses with
high-growth potential and help maximise the financing opportunities
available by providing them with access to high quality management
and financial expertise.
E-Synergy will be working to assist scientists and engineers
turn advanced technology into investment ready new companies
able to grow. The AIRTO network provides an excellent resource
to assist the development process.
E-Synergy is a new type of Venture Capital organisation.
Formed by four experienced chief executives of AIRTO research
and technology companies, it provides both management support
and early stage finance for ventures with new technology.
The UK has a leading commercial scientific research industry
- E-Synergy is its interface with the venture capital industry.
Finance is provided by an experienced group of private investors.
Andrew Stevenson, Chairman of E-Synergy said; "E-Synergy
is pleased to be awarded this contract. We believe we can
make a real difference to the prospects of new technology
companies. "
Three E-Synergy Investments Completed
• NCIMB LTD - A microbiology company which holds extensive
cell culture collections, and is developing methods of unlocking
the value in microbial organisms for industrial processes.
Advanced bio manufacturing with microbial organisms offers
not only improved efficiency and duality of the processes but
also greatly improved environmental friendliness.
• PRISM RISK MANAGEMENT LTD - An IT Company with advanced
risk management software for NHS trusts. This system will not
only collect and report on adverse incidents in hospital wards
but offers to turn this information into knowledge to enable
NHS executives to improve performance of their organisations.
• HYDROGEN SOLAR POWER COMPANY LTD - A hydrogen technologies
company with cells for splitting water into hydrogen fuel and
oxygen using solar energy. Hydrogen fuel is under extensive investigation
and development by the automotive industry as a means of meeting
requirements for cleaner and renewable energy.
E-Synergy appointed OFEX Corporate Adviser
E-Synergy has been appointed as a member of OFEX in the capacity
of Corporate Advisor. This allows us to offer introduction
to OFEX as a service that we can provide for our investee companies
and provides another option for second round fund raising.
The opportunity to provide some degree of liquidity for business
angel investors is attractive. EIS tax advantages remain while
on OFEX, which is a cost effective first step to provide liquidity
for new companies.
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