If you’re a tech start-up or entrepreneur you’ll know it’s essential to secure seed and early growth funding to get your business idea off the ground. There are lots of options out there from crowdfunders, to banks, to venture capital firms. However it can be difficult to secure that initial investment – especially as many science and technology companies are seen as high risk.
That’s why the Welsh Government launched the Wales Technology Seed Fund in2014. Managed by Finance Wales the £7.5 million fund works with early growth companies based in, or willing to move to, Wales. They’ve recently celebrated investing £3 million across 21 companies – leveraging £3 million in co-investment.
The Entrepreneur Wales Awards recently put start-up’s questions to the fund’s manager – Dr Melanie Goward. Watch what she had to say about getting investment from the fund in the video below.