UK - Cambridge Consultants restarts venturing business

The fund will be created jointly by Cambridge Consultants and an investment partner with the aim of having it established and operating by the summer of 2006. Several blue-chip investors have reportedly shown considerable interest in the fund with detailed negotiations already underway.

The aim of the fund is to invest exclusively in Cambridge Consultants’ own new ventures. The fund will allow Cambridge Consultants to re-energise its activity in this area in a controlled fashion, aiming to produce one spin-out every two years on average. The first new venture is expected to appear in 2007. Candidates for the next batch of ventures are expected to come from a range of Cambridge Consultants’ core markets, including wireless technologies, drug delivery, diagnostics, radar and electronics.

The company has created over twenty new ventures in the past 25 years, several of which have gone on to achieve listing on the London Stock Exchange, namely Domino, Xaar, Prelude Trust, CSR and Vivid.

Spin-outs from Cambridge Consultants collectively employ almost 3,000 people, many of whom are headquartered in the Cambridge area.

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