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Attracting investment in your business

An interesting event in a great venue:

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Innovation Event 6th May

Investing with the crowd

The investing landscape has changed dramatically over the last three years since The Angel’s Share launched with crowd funding and crowd lending playing an ever increasing role.
A recent arrival on the scene is Lending Crowdlending money from as little as 5.95% – with the flip side being that lenders can expect returns of +5.95%

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Making debt funding available to cash hungry businesses can only be a positive but also introducing the mid-set of investing in early stage businesses can only nurture the investing eco-system

Support for spin outs

enterprise%20education%20at%20edinburgh_250x200Over the last year or so we have seen more projects coming to our pitching events from our Universities. Good news for both the investing communities and the universities with news of new support. A new £2 million pilot project, backed by the Scottish Funding Council over the next three years, aims to support the formation of 90 new technology companies with high-growth potential at Scotland’s universities.

Three regional centres will be created in Edinburgh, Strathclyde and Aberdeen Universities but it is clear that all of Scotlands universities should benefit.

In an article on their website Head of Company Formation at Edinburgh Research Innovation Grant Wheeler stated:
“The economic need for Scottish universities to improve and accelerate the company formation process is clear. This initiative provides an opportunity to share valuable expertise and resources in the highly-specialised area of high-value knowledge-based company formation to produce more sustainable companies, from the Scottish university sector. The proposal is workable because it builds on what is already happening around Scotland.

At present, the support mechanisms for this activity are highly variable at institutional and regional level. This new initiative will address this variability and ensure that all high value company formation projects at universities participating in the pilot project are optimally supported.”

Having seen projects from bio-tech, engineering and digital sectors over the last 18 months at our events lets hope this helps produce more in the short and long term.

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Investors looking for strong teams

In an article in Scotland on Sunday Jim Duffy, chief executive of business accelerator programme Entrepreneurial Spark (ESpark), told states that start-ups need to “earn the right” to finance, and a good idea alone is not enough to attract investment.

He claims: “Part of the problem that start-ups have is not a lack of funding, but understanding how and where to get it. A start-up will get funding if it’s believable, well thought-out and has a decent team – and we don’t build enough of them in Scotland.

“I recently visited New York and spent a lot of time in Boston, and people are leaving MIT and Harvard in teams, ready to go into accelerators and incubators. It’s part of the culture there, but in Scotland there’s a lack of understanding about how to grow a start-up.”

You can read the full article here

We totally agree with Jim and his advice and we build on that in our investor readiness advice and coaching. A list we refer to frequently is what investors are seeking in an entrepreneur and their team:

  • Tenacity
  • Flexibility
  • Commitment
  • Teamwork
  • Coachability
  • Knowledge
  • Passion

Do you have these characteristics?  Does your team? Could you develop these in you and your team?

Follow the crowd- to a taste revolution

After involvement with The Angel’s Share in 2013 – The Artisan Burger Company have launched a campaign on CrowdCube

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More details are listed on the Crowdcube website. Please read the RISK Warning at Crowdcube before considering investing

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Miconex make the right connections

The Angel’s Share has chalked up a further success by helping a local company attract investment from a local business angel.

 

As a result of pitching at the Angel’s Share event in May miconex, of Perth have secured funding to accelerate their business growth which will be combined with the skills and experience of the local business angel who will have an active involvement in the business as they enter an important stage in their development.

 

Owned and managed by entrepreneurs, Richard Gray and Colin Munro, miconex is the parent brand that houses their highly succesful, mi city, and future developments including the new mi scotland app which is due for public release in January 2014. The ‘mi’ brand currently operates throughout seven Scottish towns and cities.

 

The new mi scotland platform is being developed at a cost of over £170,000, an investment made by a combination of this investment, cashflow and support from local and national agencies.
The new platform will also pave the way for further development; mobile ticketing, e-commerce and loyalty are all planned additions to the platform over 2014.

 

The miconex team offers support to the business users of the platform whilst promoting its content via their social media and digital channels.

For further information on how to be involved with The Angel’s Share as a business or investor please contact@theangelsshare.org.uk