More firms targeted by FEI venture plans

More firms targeted by FEI venture plans
Alex Mayhew-Smith The Federation of Electronics Industry (FEI) is to increase the capital available at its investment forums following the success of its last meeting. The London-based forums bring together investors and UK electronics start-ups hungry for cash. “We started our forums with a limit of ?2.5m but we will now go up to ?12.5m at an up-market annual event in London,” said Anthony Parish, director general of the FEI. The FEI will also continue to run its smaller-scale, regional investment forums. The last forum extended the price range of investment for the first time and its success has led to the decision to run yearly London forums for larger investments. “Out of the 30 companies we had there looking for investment, seven are likely to find the money they wanted by the end of February as a result of the forum,” said Parish. “Another seven are actively talking to potential partners.” About three or four firms still in talks are likely to conclude their discussions with an investment deal, reckons Parish. “To get seven out of 30 is good, other events have a one in 30 success rate,” he added. Although details of the investments were not yet available, the firms receiving the money fall into three categories. “About a third are internet, e-commerce related, another third are other software companies and the rest are electronic hardware firms,” said Parish.


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