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ARM Innovation Hub
5 September, 2012 - 10:40 By Tony Quested

Hauser hails new £1m University fund

Hermann Hauser

Cambridge University entrepreneurs and technology companies associated with the UK’s fountainhead of IP have been handed the chance to grab up to £200k in a fresh funding spree.

Serial entrepreneur and VC Hermann Hauser has hailed the new EIS and Seed Enterprise Investment Scheme Fund as a major boost for tech ventures at a make-or-break stage of their life cycles.

The university raised just shy of £1 million in double-quick time and the cash has to be distributed before the end of the 2012/13 tax year.

Dr Hauser said: “It’s great to see more angel funding made available to support this critical stage in developing tomorrow’s exciting new companies based on University research.”

Launched in May, the University of Cambridge Enterprise fund allows alumni and friends of the University to invest in new companies while benefitting from generous tax incentives, as Business Weekly reported four months ago.

Cambridge is the first university to launch its own SEIS fund and the first to combine the SEIS with the more established EIS.

The fund is managed by London-based investment firm Parkwalk Advisors, and invests in new companies supported by Cambridge Enterprise, the University’s commercialisation arm.

Over the coming months, Cambridge Enterprise intends to make investments in five to six companies, whether they are built on new ideas or are companies with which the university has an existing relationship.

Investments will typically range between £50,000 and £200,000, and can be used for proof of market, seed funding or follow-on funding.

The new fund will work alongside the University’s existing ‘seed’ funds, which recycle financial returns in order to assist new companies. Cambridge manages one of the most successful seed funds in the university sector, with £75 of investment following each £1 the university invests, on average.

The vast majority of the world-class companies in the Cambridge technology cluster are connected to the university in some way – either based directly on university research, founded or staffed by graduates or working collaboratively with university researchers.

University entrepreneurs interested in applying for funding or wanting more information can contact Cambridge Enterprise’s Seed Funds team on 01223 763723 or Email: CESF [at] enterprise.cam.ac.uk

• PHOTOGRAPH SHOWS: Hermann Hauser

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