Two new Equity Funds announced for investments in innovative SMEs

Launching the new funds, William McCulla, Director of Corporate Finance at Invest NI, said: “The Techstart II and Crescent IV funds will build on the success of prior funds in providing equity finance to start-up and early stage innovative high growth potential SMEs. The previous TechStart and Crescent funds helped over 60 companies raise equity investment to realise their growth ambitions, create jobs and bring new products to market. Future investments will support Northern Ireland companies to grow in global markets, encourage entrepreneurship and help to rebalance and rebuild our economy by driving private sector growth.