Some more seed funding seems to be headed in the direction of technology start-ups.
It is welcome of course. £60m of Government money will be shared out between three groups: MMC Ventures Limited, The Dawn Capital Fund and Oxford Technology ECF. All three funds have a technology focus.
The target appears to be firms that can sometimes fall between the gaps in our business support mechanisms:
"These funds will target the equity gap, making investments in small, innovative companies that can produce good returns but which would otherwise struggle to get funded."
Of course what is annoying is that it means there are an additional three new schemes for entrepreneurs to investigate and figure out if it is the scheme for them. We seem to be creating more support schemes in this country, not less.
I know, the Government is damned if it does and damned if it doens't but it has been a long-running criticism of the UK funding schemes - there is no central place to go for information; a first port of call that can tell you what scemes you could pursue.
At Electronics Weekly we have had a go at putting together a UK start-up funding guide but I guess it will need updating now.