Building a thriving and accessible angel investment ecosystem for Greater Manchester tech
The Tech Nation Report 2018, published earlier this year, says that the number one challenge faced by start-ups in Manchester’s tech cluster is access to funding. This is particularly acute in early stage funding which is typically provided by angel investors.
In our 2014 report Technology Enterprise in Greater Manchester, we said that “for the start-up or small SME, finding funding can be a chaotic process” because , although “there are many active high net worth individuals in the NW who regularly make significant investments in early stage businesses….their profile is low, preferring to stay within their small networks and usually behind the more public face of corporate finance or funding aggregators”.
Four years on, and despite the significant growth of the digital and tech economy and the many new companies, initiatives and workspaces, Manchester remains critically underserved by angel investment when compared to other major UK cities.
This is why, last year, Manchester Tech Trust began an initiative to bring together a new angel investor group, focussed on providing early stage finance to technology and science businesses. We are delighted to report that this group, Manchester Tech Trust Angels, has just made its first investment of £350k in biomedical AI company, Biorelate, alongside Maven Equity Finance and Catapult Ventures.
Join the Manchester Tech Trust in partnership with the University of Manchester at the National Graphene Institute (NGI) for a unique insight into angel investment in the city, an opportunity to meet other people who are active angel investors and start-ups who have benefitted from this. We have a great line up of speakers and panellists, promising an afternoon of enlightenment, discussion and debate:
Who should attend:
Angels or potential angels based in NW
Early stage tech companies actively seeking angel investment
Academic entrepreneurs and potential spinouts
Speakers and panellists include:
Chloe Barrett – CEO & Founder, DigiDentistry Educational Resources
Peter Cowley – Chair, Cambridge Angels; angel investor
Luke Georghiou – Deputy President & Deputy Vice-Chancellor, University of Manchester
Dan Jamieson – CEO & Founder, Biorelate
Neil McArthur – Chairman, Manchester Tech Trust; Group Innovation Director, TalkTalk Technology
Helen Oldham – Founding Director, NorthInvest
Angela Spindler – former CEO, N Brown Group; angel investor
Jason Stockwood – Group CEO, Simply Business
Simon Thorpe – angel investor and BAA ‘Angel of the Year’ 2017; University of Manchester alumnus