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Welcome to Meet the investor event Crowne Plaza Hotel Leeds March 4 th 2008. Yorkshire Concept: Proof of Commercial Concept Fund Lloyd Snellgrove Director http://www.yorkshireuniversities.ac.uk D.L.Snellgrove@yorkshireuniversities.ac.uk. How does it work?.
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Welcome to Meet the investor event Crowne Plaza Hotel Leeds March 4th 2008
Yorkshire Concept: Proof of Commercial Concept Fund Lloyd Snellgrove Director http://www.yorkshireuniversities.ac.uk D.L.Snellgrove@yorkshireuniversities.ac.uk
How does it work? • Co-investment model 50%:50% • Yorkshire Forward £1m p.a for 3 years • Quarterly calls • Pre-incorporation grants : £30K - £70K • No overheads No IP costs • Propositions through HEI contact • Board meetings Mar/June/Sept/Dec
Yorkshire Concept PCC Academic idea Commercial product University POC Yorkshire Concept PCC
Key factors • Proof of technology/proof of commercial • Commercially focussed Board • Bridge to investment readiness • Good interface with seed corn funders • Meet the follow on investor
Yorkshire Concept Thank you for listening D.L.Snellgrove@yorkshireuniversities.ac.uk 0114 225 2129 07711 649139 http://www.yorkshireuniversities.ac.uk/