The fund is targeted at small and medium sized companies a the critical early stages of development (including start-up)
Applicants will need to demonstrate unique features, excellent growth potential and the ability to generate good sustainable profits.
The fund is not sector specific.
An applicant must not have recieved funding from other UK government funded Early Growth Funds, The Regional Venture Capital Fund or other public investment funds other than the Proof of Concept or pre-revenue funding which does not exceed £90,000 where the recipient is a university spin out, or £60,000 where the recipient is a non university spin out.
The private investor, at the time of the investment, must not be connected to the recipient company.
Business practices should be considered legal, moral and ethical.