Support for start-ups
Cazenove signs up to back tech pitch event EIE
Cazenove Capital and LINC Scotland have signed up to support next month’s technology investor event organised by Informatics Ventures.
The wealth manager and angel association are backing the annual ‘Engage Invest Exploit’ (EIE) gathering where 60 of Scotland’s most promising startups pitch to a panel of international investors.
The two deals are a boost for Informatics Ventures, with the EIE programme funded by a combination of public and university sectors – through Scottish Enterprise and the University of Edinburgh – and private sector support.
Cazenove Capital and LINC Scotland join Scottish Equity Partners, RBS, Johnston Carmichael, MBM Commercial, Marks & Clerk and Talent Spark as key sponsors.
EIE success stories include games company FanDuel, the fashion shopping app Mallzee, and audio VR startup Two Big Ears which was sold to Facebook in 2016.
Another recipient was MindMate, the Glasgow-based startup which develops apps for dementia sufferers, became the first Scottish company to be invited onto the Techstars NYC accelerator last year.
Overall, the EIE programme has been a springboard to more than £400 million of investment since the first EIE event in 2008.
This year’s startup companies includes Organised Health, a healthtech startup that deploys cutting-edge robotics technology and a sports tech venture, and Global Rugby Network, which combines software with wearables and count international rugby union associations among its client base.
EIE17 features a mix of international and indigenous keynote speakers with DFJ partner, Steve Jurvetson, and Rocketspace founder and CEO, Duncan Logan, joining Martin Gilbert of Aberdeen Asset Management and Scottish Enterprise Chairman, Bob Keiller on the 11 May.
Dr Steve Ewing, director of operations at Informatics Ventures, said: “EIE is a year-long programme of support for our brightest young tech stars, highlighted by the annual investor event in Edinburgh, so it’s really important to get the backing of first-class organisations like Cazenove Capital and LINC Scotland.
“Aside from the funding, they both bring industry expertise at the highest level so we’re delighted to welcome them into the fold.”
Bob Hair, director, Cazenove Capital, said: “Cazenove Capital has a long tradition of advising entrepreneurs in Scotland and across the UK. We believe it’s important to work with startup businesses and their founders to support them in their future successes.
“We look forward to working with Informatics Ventures and being a part of the Engage Invest Exploit programme.”
David Grahame, executive director at LINC Scotland, said: “The angel community is a key building block in Scotland’s burgeoning tech ecosystem and we’re excited to get behind the Informatics Ventures team in a more formal fashion as even better collaboration will give our most talented early stage companies a greater chance of success.”
Meanwhile, Informatics Ventures has just launched its inaugural “The Scottish Startup Survey” in association with the University of Edinburgh Business School and the Freer Consultancy, surveying this year’s cohort of startups and the hundreds of EIE alumni companies going back to 2008.
Looking at areas including skills, investment and life for a startup in a post-Brexit environment, the findings will be released in May ahead of EIE17.
Since 1993, LINC Scotland has played a significant and active part in changing the business culture in Scotland and the Scottish business angel marketplace is now recognised as among the most developed in Europe.