A key message delivered at the UK Business Angels Association’s (UKBAA) Northern Investment Summit today was that capital needs to be more visible in order to unlock the full potential off the North’s tech sector.
An influential audience of around 300 angel investors, venture capital firms, and supporters of high-growth early-stage entrepreneurs attended the Summit at Bridgewater Hall, Manchester to discuss and debate what can be done to fully optimise on opportunities in the North.
Through the panel discussion it came across strongly that that Northern Powerhouse funds alongside private sector investment was essential in order to bring the necessary capital to the region and its entrepreneurs.
Hugh Campbell, Founder and Managing Partner of GP Bullhound highlighted the significance of developing communities of local investors; pointing out that there are successful entrepreneurs who would like to offer their experience to support the next generation of growth businesses.
Emma Cheshire, Co-Founder and CEO Dotforge in Sheffield and Futurelabs in Leeds reiterated this message stressing the important work that she is doing with Melanie Ellyard at Capital Enterprise North to join up ‘networks of networks’ of investors and angels.
In addition to the investment community there were a number of early-stage entrepreneurs exhibiting at the Summit. Mark Walsh, CEO of Leeds-based Kwizzbit said: “It is confusing to know what angel investment is available in the North which is why it has been so useful for us to attend the Northern Summit and get exposure to some of the key contacts in the angel networks.”