by Richard Buckley, Editor, Business Eye

Catalyst, the NI not for profit organisation, facilitated 40 VCs, syndicates and family offices on a visit to Northern Ireland for ‘NI Deal Day to meet almost 30 entrepreneurs and explore why Northern Ireland is one of the top entrepreneur locations. The funders included Octopus, 24 Haymarket, Albion, Foresight, IP Group, Outward, Playfair, and True, managing over £2.


8bn in funds between them.

The day included structured one to one meetings with NI companies, which generated over 100 face to face meetings between funders and companies.

This followed the two panel sessions the first of which explained why and how so many good companies are developing in NI, while the second introduced the local seed fund and VCs who are helping build this flow and who of course can provide vital local ‘eyes and ears’ post investment.

Alan Watts, Director of Funding at Catalyst said, “Our own NI Deal Tracker figures show around £30m of investment each year in NI knowledge economy companies. However research suggests this needs to be £90m with the bulk of this gap coming from external sources. To help build this culture of incoming investment, we run two ‘Ulster Fry’ breakfasts in London which help feed NI Deal Day. Having 40 external investors here is testament to the great potential here in NI.”

Jay Wilson, Investment Manager with Albion Ventures, said, “It was a really well run event with some great companies on show. We’re excited to be following up with a number of them.”

NI Deal Day was run by Catalyst with the British Business Bank as principle sponsor with further support from law firms TLT and MJ Hudson.

Business Eye logo

Andrew Noble from Par Equity, Mark Sterritt from headline sponsor, British Business Bank, Juliette Souliman from Octopus Ventures with Alan Watts and John Knapton from Catalyst

Advertisement

HOLD MPU 2

Receive Monthly Magazine

Choose Printed or Online Edition

Subscribe to Business Eye Magazine Subscribe Today