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Bell Pottinger North - Client News
Monday, February 13, 2006

13th February 2006


Local professionals have teamed up with one of the country's leading private investment networks and North West Seed Fund (NWSF) to bring exciting new business opportunities to Merseyside-based business angels. For the first time, Brabners Chaffe Street, Hursts and the Royal Bank of Scotland will pool their resources to invite guests to a TEChINVEST Investor Club meeting at the Crowne Plaza Hotel in Liverpool on Tuesday 7th March 2006.

This interactive event is designed to introduce high net worth individuals and other potential sources of seed and venture capital to local entrepreneurs and growing companies looking for equity finance. In addition to presentations from real companies currently seeking investment, it will outline tax incentives available to potential investors, provide advice on how to structure a deal and suggest opportunities for executive and non-executive directorships in the area's new and growing companies.

TEChINVEST has been actively involved across the Northwest region since the early '90s, helping local companies raise over £19m in direct finance and unlock a further £38m in indirect funding. As part of the Northwest Regional Development Agency (NWDA), it also acts as a gateway to the raft of seed and venture capital funds set up and/or administered by NWDA, providing a single source of expert advice on the best routes to finance available.

Commenting on the aptly named 'Dreamcatchers' event, founder of TEChINVEST, Vivienne Upcott-Gill, said: "This is an excellent opportunity for Liverpool's prospective angels to come forward and dip their toe in the water. We have a continual stream of exciting Northwest businesses looking to raise finance - and often to access marketing, financial and other management expertise. This is where angels come into their own, investing time and care as well as finance to the future success of the company.

"And in an environment where so many traditional investment vehicles are performing erratically, business investments can be a very popular choice as they at least allow investors to remain close to and have a direct hand in managing the growth of that investment. In the Northwest too , angels can have the benefit of accessing additional finance for their rapidly growing companies from the region's seed and venture capital funds"

One of the most successful of these funds is the £4.5m Northwest Seed Fund, managed by Steve Sealey, which aims to help exceptional North West entrepreneurs and businesses to achieve their potential through seed capital investment and business building support. Established in September 2003, it has generally made early stage investments of up to £100,000 in businesses from all industry sectors, with some exceptional financing of up to £350,000 per company.

Registration at the Dreamcatchers event will start at 4.30 with tea and light refreshments. A series of pre-prepared presentations from real-life companies will then take place from 5.00 pm to 6.45 pm, followed by informal discussions and networking.

"This is how the Dragons Den works in practice," added Steve Sealey. "We've been working closely with TEChINVEST since the Fund was set up and their Investor Club meetings are always fascinating, friendly and fun. They give companies a chance to see that Northwest angels are not 'dragons', but a valuable source of constructive and practical support, as well as cash !"

Due to issues of confidentiality, the Dreamcatchers event on 7th March will be restricted to registered potential investors only. If you would like to register to attend, please contact the TEChINVEST team as soon as possible for a registration form on 01925 400301/2/3 or visit our website www.techinvest.org

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Press contact: Deborah Garritty, Bell Pottinger North (01625 506444)


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