Fund set up to help start-ups

A FUND that aims to help start-up small and medium-sized businesses raise capital in exchange for equity has been set up.

Wednesday, 28th September 2016, 5:55 am
Updated Wednesday, 5th October 2016, 2:20 pm

The Meon Enterprise Fund accepts all applications from entrepreneurs, regardless of their business activity.

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The fund’s chairman is John Jack, a former director of IBM with 20 years’ experience as a founder investor and director of SMEs and start-ups. His fellow founder is Mike McGeever, who has over 20 years’ experience in start -ups, funding and investing in companies across Europe and the Middle East and North Africa region.

Mr Jack said: ‘We’re delighted to announce that Meon Enterprise Fund is now accepting applications from entrepreneurs. The fund is able to offer initial investments of up to £50,000 in the first instance and can commit further in the right circumstances.’

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