Technology Funder Chosen to Participate in £8.5m Accelerator Programme

18 May 2017

Specialist technology funder Mercia Fund Management is to take part in a new £8.5m pilot scheme looking to provide fledgling firms with a mixture of grant funding and venture capital.

MFM, part of Warwickshire-based Mercia Technologies, is to partner with Innovate UK’s new Investment Accelerator initiative.

Investment is targeted at innovative early stage companies which operate in infrastructure or health and life sciences.

MFM will join six other organisations which will provide private sector investment alongside grants injecting up to £150,000 into successfully selected companies.

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