Scottish Business Incubator
gives angel investors
A business incubator with a 22-year track record helping start-up and young businesses now plans to enable Scottish business angels and groups such as Aurora Private Equity to get in at the start helping promising prospects. A new business angel group will select the best prospects coming to the incubator. The successful prospects will receive funding and support (including mentoring by a business angel from the group) sufficient to develop their ideas and set themselves up ready for more significant investment after 6 to 9 months.
The concept is that the each business angel (or group) will commit to invest a small amount in each of the chosen successful prospects. It is planned that the total relatively modest investment will be matched equally by government funds. This will be sufficient to see the prospect through a 6 to 9 month development programme probably managed by the incubator organisation. A mentor from the new group will be selected to work with the prospect who will need to deliver specific milestones set out at the start.
Click here for full details (available for Aurora members only).