A helping hand on angel funding | 16 May 11

SOME of the North’s leading venture capital, corporate finance and legal professionals will be giving a down to earth guide to venture capital funding later this month.

Representatives from private equity firm Rivers Capital, accountants and business advisors RMT and law firm Ward Hadaway will join forces on May 24 for an in-depth seminar designed to give entrepreneurs the low-down on the subject.

A further seminar will take place on June 21 at the offices of Ward Hadaway on Newcastle's Quayside.

Rivers Capital is currently managing the North East Angel Fund, part of the £125m Finance for Business North East Fund.

The North East Angel Fund looks to invest in smaller, entrepreneurial businesses with sums of between £50,000 and £150,000 and can partner with business angels to provide matched funding for later stage deals.

Jonathan Gold from Rivers Capital said: “Venture capital funding can be the perfect fit for ambitious companies looking to grow their businesses and access the experience and expertise of seasoned investors at the same time.

“Businesses in the North East are showing an increasing appetite to look at newer forms of funding apart from traditional routes such as debt or bank lending and we hope this latest seminar will help to encourage more applications to the North East Angel Fund.”

The event on May 24 takes place at the offices of RMT in Newcastle and is the latest in a series of seminars organised by Rivers Capital on the Angel Fund.

Over 40 companies have already attended previous seminars held over the past 10 months and a number of funding deals are nearing completion as a result of the events.

Previous attendees have praised the seminars as “really informative”, “invaluable”, “incredibly insightful”, “refreshingly open and informative” and “a great opportunity for start-up companies to access a great pool of expertise”.

Natalia Blagburn from Rivers Capital said: “These seminars aim to take the mystery out of venture capital funding and to give start-up businesses and entrepreneurs advice which they can really use for their enterprises.

“We are delighted with the reaction which previous events have met with and hope to have a similar reception this time.”

As well as presentations from Rivers Capital, the May 24 seminar will also feature contributions from an investee company and from partners from RMT and Ward Hadaway.

Stephen Slater, partner at RMT, said: “It is great to be involved in such an event, we have worked closely with many of the region’s innovative businesses. This event is certainly one to attend for those looking to find out what is required to raise angel investment and I am looking forward to sharing my experiences.”

Richard Butts, partner at Ward Hadaway, said: “As a firm, Ward Hadaway has advised on a large number of business angel investments and investments from the Finance for Business North East Fund and, in particular, from the North East Angel Fund, so we will be aiming to give attendees the benefit of that experience at the seminar.”

The seminar takes place from 8.30am on May 24 at RMT’s offices on Gosforth Park Avenue in Newcastle.

Places are free. To apply for a place, email your Business Plan to Marie Potts at info@riverscap.com or call 0191 230 6370 to discuss.

Applications for the further seminar at the offices of Ward Hadaway on June 21 should be made via the same route.

* Find out more about Ward Hadaway's Venture Capital expertise.