Braveheart wins East Midlands universities contract
The “Lachesis” fund was set up in 2002 under the University Challenge Seed Fund Scheme and provides early-stage funding to companies from De Montfort, Derby, Leicester, Loughborough, Lincoln, Northampton, Nottingham and Nottingham Trent.
Braveheart is forming a partnership with advisory firm Advantage Early Growth to provide support, mentoring and business development services to companies funded by Lachesis, as well as providing fund administration services.
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Hide AdThe contract is for a minimum of two years and Braveheart’s fee will partly be based on results.
Geoffrey Thomson, chief executive at Braveheart, said: “We are delighted that the universities have selected us as their preferred partner for this role.
“Over the years we have worked with many university spin-outs and we look forward to assisting the Lachesis portfolio companies with their growth aspirations whilst providing the required governance for the fund.”