Dr Graham Davies has joined the Finance Yorkshire Seedcorn team
as an investment manager.
Graham joins the team after being venture manager at the
University of Manchester Intellectual Property Ltd (UMIP) for the
last two years where he has been helping to create, manage and
offer support to spin-out companies from the University.
Graham said; "I will now have been part of the start-up process
from all sides, from being heavily involved with a new company, to
helping support and manage spin-outs, to now getting more involved
in investing in them.
"I know how tough it can be to get started and seedcorn finance
can be a great way for a new business to develop what's needed to
get into the market. The Seedcorn Fund offers vital support
Graham will join a team tasked with seeking investment in early
stage technology-based ventures across Yorkshire, the Humber and
North and North East Lincolnshire.
Helping a range of small and medium sized businesses to meet
their funding requirements for growth and development, Finance
Yorkshire provides seedcorn, loan and equity linked investments,
ranging from £15,000 to £2m.
The project is supported financially by the European Union. It
has attracted £30 million investment from the European Regional
Development Fund (ERDF) as part of Europe's support for the
region's economic development through the Yorkshire and Humber ERDF
Programme, £15million from Yorkshire Forward's Single Programme,
and £45million match funding from the European Investment Bank.