Where possible, The ERA Foundation will work
with other investors providing early-stage ("angel")
funding. These investments may follow support for projects
at the early stages of
commercialisation.
The ERA Foundation's investments in start-ups and young
technology companies will be based on the following premises
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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 that £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 floation, 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 invests in. |
