Cambridge to open new angel investment hub
The UK Business Angels Association has the opened the new Angel Investment Hub in Cambridge, in a bid to continue closing the regional funding gap between London and the rest of the UK.
The Bradfield Centre is a new, purpose-built, collaborative office space in Cambridge Science Park which is designed to accelerate business growth.
The association says the hub's primary aim is to attract entrepreneurs and investors from both Cambridge and around the world.
It plans to co-locate entrepreneurs in state-of-the-art facilities, create a collaborative culture and connect them to other investors, partners, mentors, advisers and potential customers.
"There is a lack of infrastructure which means that neither angels or entrepreneurs are visible to each other," said UKBAA chief executive Jenny Tooth.
"The presence of funds is not enough as you have to create an environment where entrepreneurs are investment ready.
"Last week we announced the opening of new hubs in Birmingham and Bristol, and [today] we will formally launch our new Angel Hub in the heart of Cambridge to provide a focal point for angel investors of all levels to connect with each other.
"We will continue to help entrepreneurs to be investment-ready, how to pitch and present effectively."
The UK Business Angels Association (UKBAA) is the national trade association for angel and early-stage investment, representing over 160 member organisations and around 18,000 investors.
The UKBAA's members include angel networks, syndicates, individual investors, early-stage VCs, equity crowdfunding platforms, accelerators, professional advisers and intermediaries.