Angels descending on Cambridge Science Park
Cambridge News reports on the latest angel investment hub:
A new investment hub is opening in Cambridge in a bid to attract more angels to the region.
The UK Business Angels Association (UKBAA) is launching its latest angel investment hub at the Bradfield Centre in a bid to help more start-up and scale-up companies access funding.
Representing over 160 member organisations and around 18,000 investors, the UKBAA is the national trade association for angel and early-stage investment,. Business angels in the UK collectively invest an estimated £1.5bn per annum and are therefore the UK’s largest source of investment for startups and early-stage businesses seeking to grow.
The UKBAA’s members include angel networks, syndicates, individual investors, early-stage VCs, equity crowdfunding platforms, accelerators, professional advisers and intermediaries. UKBAA acts as the voice of the angel investment community and strives to build and connect the angel investment ecosystem so as to ensure a coherent landscape for financing high-potential entrepreneurs.
“There is a lack of infrastructure which means that neither angels or entrepreneurs are visible to each other,” she said.
“The presence of funds is not enough as you have to create an environment where entrepreneurs are investment ready. Last week we announced the opening of new hubs in Birmingham and Bristol, and tomorrow we will formally launch our new Angel Hub in the heart of Cambridge to provide a focal point for angel investors of all levels to connect with each other. We will continue to help entrepreneurs to be investment-ready, how to pitch and present effectively.”
With the vast majority of equity investment concentrated towards London and the South East, an acute dearth of funding poses a significant threat to the progression of start-ups and scale-ups across the UK’s regions. Tomorrow, in a bid to begin closing that regional funding gap, the UK Business Angels Association will open a new Angel Investment Hub in the heart of Cambridge.
The Bradfield Centre is a brand new, purpose-built, collaborative office space in the heart of Cambridge Science Park designed to accelerate businesses to new levels. As reported in the News , its primary aim is to attract smart, ambitious, like-minded entrepreneurs and investors from both Cambridge and around the world; co-locate them in scalable, state-of-the-art facilities; immerse them in a collaborative, entrepreneurial culture; and connect them to other investors, partners, mentors, advisers and potential customers.