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An initial first-round investment is likely to be of
order £0.2M to £1M. |
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The ERA Foundation will expect to invest in following
rounds to protect its share of ownership, although it is
unlikely to invest more than £2M in any one company over
successive funding rounds. |
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The ERA Foundation will favour companies with business
plans that demonstrate a convincing "exit strategy" within
five years (for example by flotation, trade sale, or
recapitalisation), thus allowing the Foundation if it
chooses to refresh its investment portfolio and help new
companies. |
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The ERA Foundation will wish to nominate a board member
to companies it invest-in
(via a co-investor if this is appropriate). |