Connect InvoRed – Fast Tracking of Innovation through improved Access to Investment John Griffiths, Director of Connect Midlands, University of Warwick IPEC Conference November 2009

Leading technology and growth network providing access to finance, innovation, professionals, successful entrepreneurs. Helps build route to market, management capability, and commercialise innovation

Connect Across the Globe –37 Organisations 1986 San Diego, California 1996 United Kingdom 1998 Scandinavia 2004 The Baltics 2005+ The Rest of the World Australia, South Korea, Denmark, Estonia, Finland, Germany, Jordan, Latvia, New Zealand, Northwest USA, Taiwan, Alabama USA, Japan, Illinois USA, Toronto Canada, Massachuesetts USA, Montreal Canada, New Mexico USA, California USA, Ontario Canada, UK (Midlands, Yorkshire, Scotland, London, South East).

Our aim - To increase the number of investment deals by: preparing investment-ready companies holding investment and showcase events building a network

£160m Connect Midlands Network investment raised by 250 companies Science, Engineering & Technology Companies Innovators & Entrepreneurs Investors Support Agencies £160m investment raised by 250 companies Professional Service Organisations Corporate Partners Consultants & Coaches

PRIME PARTNERS BUSINESS PARTNERS CORPORATE MEMBERS

The IR Value Chain STAGE 7: EXIT STAGE 6: GROWTH DEVELOPMENT CAPITAL STAGE 5: CORPORATE FINANCE STAGE 4: INVESTMENT Showcasing Links to investors Web-streaming INVESTMENT READINESS STAGE 3: READINESS Workshops Assessment Panels 1:1 Consultancy –Green, Pathfinder Build investment proposition & pitch STAGE 2: DIAGNOSTICS Grant, Debt, Equity, None ? STAGE 1: AWARENESS Investment options STAGE OF BUSINESS DEVELOPMENT

Key areas for business development and “investability”

Connect InvoRed -Stages and Flow Through Awareness Stage

Sustained Growth Early Growth Start-up Seed InvoRed Springboard FUNDING STAGE Pre-Start Existence Survival Success Take-off Maturity LIFE CYCLE STAGE LIFE CYCLE STAGE InvoRed Supports SMEs to help them shape propositions and become investment-ready Springboard SMEs seeking up to £500k pitch to an audience of investors and support intermediaries Roundtable SMEs seeking early stage finance to present to target investors over an exclusive lunch or dinner Investment Conference SMEs seeking up to £5m to pitch to an audience of investors and intermediaries

Some Successes ! £2.8m since 2005 £1.04m since 2004 £88K since 2004 Monica Healthcare £1.04m since 2004 £88K since 2004 FDAS £4.72m since 2003 Prime Principle £5m + Haemostatix

Summary and Conclusions Connect Midlands and InvoRed Worked with 1,500 SMEs, Assisted 900 SMEs on investment readiness Over 250 entrepreneurs raised £160m to commercialise innovations Used by BIS to set national IR framework Externally evaluated and validated InvoRed can be used all over the world