Fund set up to help start-ups

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

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

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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