British Robotics Seed Fund launched
A seed fund has been launched to boost UK robotics startups. The Fund aims to deliver returns to Investors by making targeted investments in promising UK-based seed-stage robotics companies wrapped within a fund format that is highly tax efficient (under the Seed Enterprise Investment Scheme, “SEIS”).
The British Robotics Seed Fund, launched by High Growth Robotics Limited in Suffolk, is believed to be the first investment fund specialising in UK-based robotics start-ups.
The fund will invest in up to 12 robotics start-ups each year across a broad range of sectors including, construction, logistics, agriculture and domestic robots.
Automation and robotisation are said to be steering productivity improvements globally – market intelligence firm Tractica claims robotics will grow at rates in excess of 45 per cent with the global market to approach a quarter of trillion dollars by 2021.
The British Robotics Seed Fund, based at Adastral Park, Martlesham, is being managed by Sapphire Capital Partners LLP in partnership with High Growth Robotics Limited (www.britbots.com).
The fund is open to sophisticated investors with a minimum of £10,000 to invest and who are looking to enhance their investment portfolio with high growth robotics businesses. SEIS-qualifying robotics companies are being encouraged to apply.
High Growth Robotics Ltd is led by entrepreneur and engineer Dominic Keen (pictured). He has floated a software business that he founded on the London Stock Exchange and now helps promising ventures maximise their growth potential.
Keen said: “I genuinely believe that some of the world’s finest robotics businesses are currently being established in the UK and the British Robotics Seed Fund is ideally positioned to ensure that these companies are able to maximise their future success.”
Boyd Carson, CEO of Sapphire Capital Partners LLP said: “Robotics represents one of today’s most exciting investment themes and investors now have the opportunity to enhance their portfolio with a mixed basket of exciting early-stage robotics businesses whilst also befitting from the significant tax advantages of SEIS”.
The fund closes on 31 March 2017.