Business Advice for all UK firms from starting a business to flotation
Government to raise £1bn for technology start-ups
The government have unveiled plans to provide £150m worth of funding for technology start-ups this year.
The funding will be provided by the government alongside private sector investors, and a target to reach £1bn within 10 years has been set.
The UK Innovation Investment Fund has been set up to address a lack of funding for venture capitalist groups, which have warned that hundreds of UK technology companies could fail due to a lack of funding.
"US funds are big enough to put tens of millions into a company and to finance follow-on funding. This will allow us to do the same in the UK," said Lord Drayson, minister for science and innovation.
Post Date: June 30th, 2009
The funding will be provided by the government alongside private sector investors, and a target to reach £1bn within 10 years has been set.
The UK Innovation Investment Fund has been set up to address a lack of funding for venture capitalist groups, which have warned that hundreds of UK technology companies could fail due to a lack of funding.
"US funds are big enough to put tens of millions into a company and to finance follow-on funding. This will allow us to do the same in the UK," said Lord Drayson, minister for science and innovation.
»
- Login or register to post comments
- Printer friendly version
Post Date: June 30th, 2009
.
.
Accounting Advice | Banking & Finance | Business Continuity | Entrepreneurs | HR/Payroll Advice Insurance Advice | International Trade
Internet Advice I.T. Advice | Legal Advice | Marketing Advice | Office Management | Pensions & Benefits Property/Relocation | Recruitment Advice
Starting a Business | Telecommunications | Training/Education Travel Advice | Utilities Advice | Vehicles
copyright © 1998-2018 Newbusiness.
Homepage | Terms & Conditions | Copyright & Trademarks | Privacy Policy | Sitemail & Forum Policy | Sitemap