Foresight Williams Technology EIS Launches on GrowthInvest Platform
- On December 14, 2018
- By GrowthInvest Admin
We are pleased to announce that the Foresight Williams Technology EIS is now officially live on the platform.
The Fund offers investors the opportunity to invest into a portfolio of early-stage SMEs (Small and Medium Sized Enterprises) developing innovative and transformational technologies. The investments are intended to be structured to qualify for the tax reliefs available through the Enterprise Investment Scheme.
The Fund will seek to make investments using a combination of ordinary shares and preference shares as appropriate for each Investee Company. Assuming a Fund size of £20 million, the likely maximum investment per company will be £2 million. However; the investments will likely be made on a tranched basis based on agreed milestones of technology development and progression being met. Where appropriate, a Master Services Agreement (MSA) will be put in place between Williams (or an affiliate) and an Investee Company to ensure the two companies can work closely together. The scope of these services will vary depending on the technology and stage of development. However, typical support could include a range of engineering, prototyping and commercial services such as assisting with the development of supply chains and collaborations. WAE (“Williams Advanced Engineering”) may also be able to offer promotional support to investee companies.
The Fund’s core investment strategy is to focus on early stage companies with strong intellectual property, operating in £75m+ markets, where WAE’s technology, engineering, commercial and promotional added value support may offer a distinct advantage to Investee Companies. Rather than stating a particular sector focus, the Fund is aligned to capabilities where WAE may add value. Where appropriate, the Fund will also consider co-investing with other EIS funds, family offices, IP investing groups and/or university spin out funds to provide additional investment beyond £2m as well as spread the risk of early stage investment.
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