With the return of the popular TV series ‘Dragons’ Den’, entrepreneurs could be forgiven for thinking that private investment is just too hard to come by. But this is certainly not the case in the North West, where at TEChINVEST’s recent Investor Club meeting no fewer than six different companies attracted interest from investors.
Covering a diverse range of industries and looking for funding which ranged from £50,000 to £400,000, the various companies put their propositions to a room full of business angels looking for exciting new investment opportunities here in the North West. Within less than a week, two of the companies have already received firm offers of assistance from would-be angels and all are actively involved in discussions with advisers, fund managers and potential investors.
Commenting on the success of the meeting TEChINVEST founder/manager Vivienne Upcott-Gill said: “Where else could you see presentations from leading edge software developers, online service providers, touch-screen technology experts, agrochemicals producers and even fine crystal manufacturers in a single afternoon ? These Investor Club sessions are a real opportunity for experienced and prospective angels to get a real feel for what’s happening in the region and meet other investors. Unlike the BBC ‘dragons’, our angels are committed to providing constructive advice and support to North West companies, whether start-ups or established. It is genuinely pleasing to see so many fascinating opportunities put before investors and to have a hand in bringing investors and companies together and seeing the deals come to fruition.”
NWDA’s TEChINVEST is one of the UK’s most successful and established networks, having originally been established as a DTI pilot back in the early ‘90s. Since its inception, the service has helped to raise over £19 million in direct investments of between £5,000 and £500,000 in client companies. As a result of that investment, client companies have been able to raise a further £38 million in additional finance from commercial sources such as banks, grant agencies and venture capital funds.
For further information about TEChINVEST or to enquire about attending the next Investor Club meeting as a potential investor or as a company looking for finance, please contact the team directly on 01925 400302 or visit the website http:// www.techinvest.org.
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