Oxford angel network to support new government CoFund
OION to continue partnership with Capital for Enterprise
Oxford Investment Opportunity Network (OION), one of Europe’s biggest business angel networks for technology investment, has announced its participation in the government’s new Business Angel Co-Investment Fund (CoFund).
OION, which has helped over 40 companies raise in excess of £27m over the past three years, has been working extensively with Capital for Enterprise, the asset management body charged with administering the CoFund. The Network offers extensive experience in helping groundbreaking and disruptive firms secure investment, having recently supported all manner of enterprises from a micro gas turbine developer to a company developing new technology for preserving liver organs. Chris Baker, head of investment services at the OION Network, said: “We are delighted that the CoFund is now open for business. “The scheme is partly modelled on a highly successful co-investment programme that OION operated with Bank of Scotland during 2008 and we know from experience that the availability of government capital to match funds committed by angel investors will significantly boost angel investment. “We look forward to working with our partners and Capital for Enterprise to facilitate deals and ensure that the Angel CoFund is an outstanding success.”