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£7.5 Million Fund to Invest in Welsh Technology Businesses


New technology-based businesses will soon be able to apply for finance from a new fund.

The new 5 year Wales Technology Seed Fund is aimed at technology start-ups, university spin outs and intellectual property-rich companies to help them commercialise their innovative products and technologies and bring them to market.

It will be managed on a commercial basis by Finance Wales and provide equity investments of between £50,000 and £150,000.

Investments from the fund can also be used alongside a range of other Welsh Government support to encourage innovation and business growth.

The Wales Technology Seed Fund will be operational from 1st June 2014.

For more information, visit the Finance Wales website.