03 Aug 2009
A UK fund for innovation came a step closer today as the Department for Business, Innovation and Skills asked potential fund managers to target areas of technology that are likely to experience high growth with early investment.
Capital for Enterprise, representing the government in the fund, has released the request for proposals.
The £150m fund was announced by Gordon Brown in June and will see the government match funding provided by the private sector for key industries.
“Venture capital finance is the lifeblood of innovation and crucial to ensuring the commercialisation of the discoveries coming out of our research base. The fund will boost future UK competitiveness,” said Brown at the time.
Small and medium and spin-off business in other sectors such as life sciences, low carbon and advanced manufacturing in nuclear power will also be able to apply for funding.
A seminar for potential investors and fund managers will take place in the City on 6 August.
The government will appoint fund managers for the different funds identified in December.
Have your say on this article
Newsletters
Latest stories from Public Sector
Latest videos
You may also like
Public Sector jobs
Will Google’s new privacy policy impact how you use its services?
Rubbish in... rubbish enterprise. Why proper data management is so important (video, 6 min)
This Forrester report compares the costs and benefits of legacy email and productivity software with Google Apps
Upcoming Events
Join us to meet other professionals tackling this issue, and hear from Goy Roper, interim head of ICT of Norfolk County Council how his organisation deployed a flexible and intelligent network to cope with the challenge
Date: 07 Mar 2012
Time: 9am
The implementation of robust, relevant digital strategies is more crucial than ever to the success of insurance businesses
Date: 01 Mar 2012
Time: 09:00am
Receive the latest jobs direct to your inbox
Are you being paid what you are worth?
