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27 July, 2012 - 10:53 By Tony Quested

Super angels in Downing Street investment summit

Sherry Coutu

Cambridge technology entrepreneurs are among a stellar line-up of global ‘super angels’ lured to the UK by 10 Downing Street for a world-first summit designed to leverage unprecedented investment in early-stage British companies.

Cambridge torch bearers Sherry Coutu and Hermann Hauser join some of the most respected and prolific angel investors from the US, UK, Russia, China, Germany, India, and Latin America at the August 10 showcase.

Business Weekly understands that an elite few Cambridge technology company executives have also been invited to attend the summit by joints hosts, Number 10 and Seedcamp.

Downing Street backed the initiative to stimulate more global early-stage investment in UK businesses but the chances for cross-border cross-pollination are self-evident. It was timed to coincide with the Olympics while the world spotlight is on Britain.

A select number of UK and overseas angels and early-stage VC players have signed up. The UK group was then asked to nominate and choose just 10 hot companies and CEOs to be part of the groundbreaking venture.

Coutu and Hauser are joined by the likes of Brent Hoberman and Stefan Glaenzer. Hoberman, together with Martha Lane Fox, founded Lastminute.com in 1998, an online travel and gift business that floated at the peak of the dot-com bubble and managed to survive the subsequent burst. He has retained the Midas touch with many other ventures.

Glaenzer is a German entrepreneur and investor, specialising in technology based companies and internet startups. His newest venture is as founding partner of Passion Capital early-stage VC fund and co-founder of White Bear Yard in London's East End, a 20,000 sq ft co-working space for the European internet scene.

The programme for the super angels summit day will take in four venues – the British Museum, the Tate Modern, 10 Downing Street – followed by a dinner at Richard Branson's Babylon restaurant. At each venue angels will be hosted by a leading light and have the chance to make connections and get to know a powerful group of early stage investment players.

The overseas angels are also being offered a day’s experience and tour of the world-renowned McLaren Technology Centre in Woking, Surrey the following day and tickets to the Olympic Games closing ceremony on August 12.

• PHOTOGRAPH SHOWS: Sherry Coutu

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