Investment to boost London tech development - Embedded.com

Investment to boost London tech development

LONDON — A Gateway to Investment scheme has been launched to boost this embattled city's position as a global center for science and technology businesses.

The £3 million (about $5.2 million) program is backed by the London Development Agency (LDA) and is designed to accelerate the number of technology firms here. A consortium led by Grant Thornton and including E-Synergy, Library House, The Innovatory and Quo-Tec will pool their resources to help the capital's start-up technology firms to secure investment between £50,000 and £2 million.

The three-year program is designed to create closer links between the London investment community and technology entrepreneurs. The scheme will also reinforce the LDA's commitment to tackling barriers that inhibit the development of new high-tech companies and foster a new generation of science and technology businesses.

Several sectors will benefit from the investment initiative, including biotechnology, medicine, pharmaceuticals, healthcare, IT, electronics, telecommunications, energy, environment, science, engineering and new materials.

The initiative will also provide an online portal providing access to a range of resources including a “virtual investor,” business planning and “finance readiness” advice and training as well as dedicated expert advice to guide new companies seeking institutional investment.

More information about the London Technology Gateway scheme is available from the LDA Innovation Team on 0207 954 4235.

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