A new financing venture wants investors to back British business start ups – and has already identified companies that are ready for lift-off.
Funding Alpha is a joint venture between EGR Capital and the Startup Funding Club.
Funding Alpha contribution to the venture includes helping wealthy investors to access to a portfolio Seed Enterprise Investment Scheme (SEIS) qualifying companies through the joint venture.
Startup Funding Club offers commercial and technical expertise to complement EGR Capital’s corporate and advisory expertise.
Funding Alpha is focussing on 15 early stage companies, with some already generating revenue.
Dynamic companies
The portfolio includes a mobile radio app with a household DJ name as one of the founders; a mobile phone firm with ground breaking technology; e-commerce British designer goods companies; a revolutionary gaming platform; an established marketing agency; and a primary school film initiative, headed by a well-known and OBE-decorated female entrepreneur.
Funding Alpha’s Stephen Page said: “There is no doubt that the Olympics have created a positive view of Britain. The benefits of that confidence should filter all the way down to start-ups. Funding Alpha provides qualifying investors access to SEIS tax benefits and exceptional opportunities to back dynamic companies that could become household names of the future.”
“Britain’s tax breaks for start-ups are among the best in the world, according to the Tech City Investment Organisation. Following the government’s SEIS tax scheme, investing in dynamic UK start-ups has never looked more opportune. Funding Alpha’s portfolio now creates an easy way for investors to back SEIS companies.”
SEIS revitalised start ups
“Qualifying investors now have a unique opportunity to spread their risk by investing in home grown, dynamic companies of tomorrow. High income tax bracket individuals, such as members of professional practices with established tax reserve or retention schemes, could really benefit”.
Meanwhile, SEIS has revitalised university start ups after funders cut their budgets during the financial crisis.
Universities are accessing the scheme to win project funding after a lean time – one university is even rumoured to have sold valuable art to finance a start-up business idea.
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