Angel News - issue 36

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May 2007

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In this Edition

Issue No.36

	'Welcome' from the Editor
	Do great entrepreneurs really take risks? ..
	Not so tricky – Convergence
	FOR THOSE WHO MATTER: Making IT & Communications work for you
	The women behind the men behind the guns
	Something to make you smile
	Lucifer’s lines
	An alternative, less risky model for healthcare investors
	Events
	Convergence story of the month
	The Headlines
	Profiles of AngelNews companies
	People moves
	Job ad of the month
	Our own and Preferred Partners’ news
	Networks’ and fund managers’ news
	Ad of the month

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'Welcome' from the Editor

Dear Reader

I am delighted to announce that we have a new Preferred Partner for AngelNews, MWB Business Exchange, www.mwbex.com. We deliberately sought out MWB to become one of our partners because we are very conscious that finding offices for your business is something that is “top of head” for many of our readers. (Did you know that at least a few of you move every month?). We also know from personal experience what an issue it is to find meeting rooms when you are away from home. MWB Business Exchange has 54 serviced offices around the UK and can offer you excellent meeting room facilities so you need never be stuck having a meeting in Starbucks again! If you are based overseas, let MWB Business Exchange know when you need a meeting room when you are next in the UK. They will be able to help. And for those of you who need virtual offices because you are always on the move, MWB offer a full range of services at very competitive rates.

The person you need to talk to about MWB is Marcus Flacks: mflacks@mwbex.com or +44 (0) 207 479 9322. Feel free to get in touch with him anytime.

We are looking forward to seeing many of you on Wednesday at our Partner, Predator or Prey seminar and hope even more of you will join us at our MAJOR ANGELNEWS EVENT - FOR THOSE WHO MATTER – MAKING IT & COMMUNICATIONS WORK FOR YOU ON 26TH JUNE 2007 AT 4.30PM AT BT TOWER, LONDON. If you are anything like us, the issue of IT & communications is the number 1 priority most days of the year. It’s an issue you cannot park, because change is happening daily.

If you have received this AngelNewsletter Online you are welcome to come to this event! But you must reserve your place, as numbers are limited and security is tight – so you cannot just turn up on the night – sorry! To reserve your place email: susan@angelnews.co.uk or call 01275 333 443.

You will see full details of the event in this AngelNewsletter, but remember as well as it being an excellent “learning” experience, we are going to have a great celebration at the top of the BT Tower afterwards. As well as normal networking over a buffet, we have organised a neat SPEED NETWORKING session so you really will take away ALL the contacts you need – whether its leads from major corporates working with AngelNews, angels or other entrepreneurs. Our mission is to make sure you FIND REAL OPPORTUNITIES by being involved with AngelNews, so don’t miss out on the opportunity.

On the theme of IT & Communications check out our great interview with Bob Bissell of BT – it is fascinating hearing what Bob has to say about the issue from the perspective of one of the largest communications companies in the world. Also look at Not so Tricky – Convergence and our Convergence story of the month.

There are loads of new companies that have signed up this month. They would love to hear from you. Also make sure you keep yourself up to date with the news from the companies. Check out That's neat, that's neat for the top stories
This month we have considered whether great entrepreneurs really take risks and also commented that investors really should check out ''the women behind the men behind the guns'', pre and post investment. Let us know what you think of the articles - we will listen and improve on what we do. Don’t miss our Job Ad of the month and our Ad of the month either.

I hope you have had a wonderful Bank Holiday – we had a great time relaxing at an excellent local Beer Festival on Saturday. I will tell you all about it when we meet on 26th June!

Modwenna

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That’s neat, that’s neat, that’s neat, that’s neat, I really love your….
...with apologies to Mud

Technology...		The Office Anywhere smartphone, HTC’s S620 www.bt.com/workwhereyouwant

New Media...		Voyager 2020’s ''virtual access to adventure''

Clean Tech Solution...		Dataserv’s secure disposal and redeployment of computer equipment

Pharma Solution...		Quotient Diagnostics to tackle Diabetes Epidemic in emerging markets

Float...		Plant Impact on AIM

Deal...		Euro3m for Aventiv NV

Event...		Making IT & Communications Happen 26th June

Appointment...		William Gartland, ex CEO at Thompson Directories joins LocalNow plc as non-exec Chairman

Award...		Dr Vincent Crabtree, Dialog Devices, named one of 42 under 42

New Job...		Investment Manager's Assistant at Seraphim Capital

For more information on these stories look in the rest of the AngelNewsletter Online

Do great entrepreneurs really take risks?

The common image of a great entrepreneur is that they risk all for the big win, rolling the dice and double six coming up. However, when you meet great entrepreneurs or hear them speak, the whole risk thing does not appear to be top of head. In fact, the greater the entrepreneur, the more measured they seem, which does not square at all with the Maxwellianesque figure some would have you believe is the true identity of an entrepreneur. Think about Brent Hoberman, Luke Johnson, Stelios Haji Ioannou and many others. They all come across as rather restrained, sensible, personable, helpful chaps when you think about it.

One very talented young entrepreneur, Sarah McVittie once explained to me that at her age, what did she have to lose by setting up 82ask? She had a point. Talented enough to spot an idea and chase it, but young enough to return to main street if it did not pay off, probably in terms of total life experience the benefit of the entrepreneurial risk would have outweighed the negatives. Not surprisingly, it was from this position of relative security, Sarah and her team are leading 82ask towards market dominance today.

We have recently been talking to some very high tech early stage entrepreneurs about their attitudes to what they are doing. The results were surprising, not least because the issue of “taking a risk” seemed hardly to register on their radars. They typically paid greater attention to their own sense of determination and resourcefulness and to the team they were able to build around themselves. And perhaps most surprisingly of all, they valued determination, persistence, persuasion and application (alongside “normal” business skills, such as marketing expertise) way higher than risk-taking, as far more important skills in entrepreneurship.

So it appears that the risks don’t necessarily come with starting-up a business. Risk starts later when you have something to lose and the financial stakes get higher. Richard Branson, Jimmy Goldsmith and many others have faced and averted bankruptcy at least once, if not more, during the meteoric rises of their businesses. Even Tom Hunter, arguably the greatest Scottish entrepreneur of our generation, took financial risks to grow his business, and I defy any entrepreneur reading this article (unless they have just closed a round of financing) to be more than 4 or 5 months from insolvency and constantly fighting for every sale in order to be bringing in the cash to pay the bills accruing.

It would be naïve to assume that any seasoned entrepreneur does not measure and then indulge in financial risk down to the last £ and pence.

Where, entrepreneurs really take risks though is in the softer areas around their businesses. Reputational risk associated with failure; trusting a potential investor with your grand aspirations; giving much, before you can possibly take back; staying one step ahead of the competition, who only get more ferocious as you get more successful; and taking in fresh capital when you know it may lose you your job, because you are not the right man to be doing it. These are the real risks for most entrepreneurs.

Even these risks are mitigated by the innovation code of great entrepreneurs.

“If I have thought up this great idea, then I can out invent it another time, anytime.”

Entrepreneurship is about having a vision for the future and if you are visionary the world is your oyster. Rolling the dice and losing, just opens up an opportunity for another venture.

So who is really taking the risks in enterprise? Well its clear that investors - angels, VCs or otherwise - are taking a financial risk that can be calculated from day one. Their reputation as an investor is also on the line.

And partners, children, parents and friends surely take a deep breath as they release their loved one into the crazy world of building a new business. Lastly we should pay tribute to all those first customers, to whom entrepreneurs are deeply grateful, because they took a real risk in trying out something or someone new.

So when you next consider a high risk investment, have a think about who really is taking a risk, and who is measuring the value of the opportunity and deciding that based on the ingredients, the mixture is pretty certain to rise.

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Not so tricky – Convergence…

1. What is Convergence?

Convergence means different things to different people. Most commonly it refers to bringing together a company’s telephony systems, computer networks and applications into a single, integrated network. The convergence of fixed and mobile telephony is just one example of how taking an integrated approach can lead both to cost savings and a flexible, more extensive range of services.

2. Is it a big investment?

It doesn’t have to be. You can start with the simplest upgrades to your existing equipment. Taking a step-by-step approach means the investment stays under your control and starts to deliver returns from day one.

3. Will it only benefit large organisations?

Businesses of all sizes who are currently reaping the rewards of their investment would disagree. Every business can make cost savings, productivity gains and start to improve services. Convergence is a process not an end product and you can match your communications services to your business needs as they change.

4. So I’ll have to learn how to do everything again?

Convergence means you only need to support one technology for all your applications. Managing networks and applications online can help reduce your overheads, improve your flexibility and help applications run faster and more efficiently.

5. Is it a good idea to put all your eggs in one basket?

With the right supplier and an integrated approach to support, service and assurance, your business can benefit from the optimum response, freeing you from multiple management relationships and enabling to focus on your core business and customers.

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FOR THOSE WHO MATTER: MAKING IT & COMMUNICATIONS WORK FOR YOU

Making IT & communications work for you – with a twist and a laugh or two!

Do you have a handle on the future of IT & communications systems? Are your systems about to fail you? Is there something out there that will take away your need to fire-fight your IT & communications crises?

Do you want to have an opportunity to meet over 60 key investors, potential customers and fellow entrepreneurs and walk away with ALL their business cards at the end of the evening?

Fancy an exclusive opportunity on the 34th floor of the BT Tower on a fine June evening, and to get the very best 360º views of London?

If so, come along to AngelNews’s and BT’s very special event on 26th June, starting at 4.30pm.

Roger Marriott and Chris Edwards invite you to join them for an informal, but informative seminar on Making IT & Communications Work for You

In their chat they will be breaking down all the technical jargon and features of IT & Communications, and really focussing in on the true business benefits.

Taking you on a journey they will remind you of the issues you faced when starting-up your business and then move on to explain how your IT & Communications should develop in harmony with the growth of your business.

They will explain the issue of how convergence is making business life easier and a lot more cost effective, as well as demystifying the theory and implementation of flexible and remote working and how to make it work in your company.

Roger and Chris have years of experience in IT & Communications implementation and have received superb reviews from business audiences in the UK.

At the reception after the seminar come along to our speed networking session which has been devised by some very clever mathematicians to ensure you optimise your time in the room!

Making IT & communications work for you – with a twist and a laugh or two on 26th June 2007, starting at 4.30pm (Registration from 4.00pm)
Making IT & communications work for you – Give yourself a chance to learn, laugh, share your experiences and really network
Time: Place: How to get there: Cost:	4.30pm-6.30pm, then speed and general networking at the top of the BT Tower until 8.00pm BT Tower, 60 Cleveland Street, London. W1T 4JZ MAP FREE NOTE: YOU MUST BRING PHOTOGRAPHIC ID WITH YOU ON THE DAY!
Agenda:
4.00: 4.30: 4.35: 6.30: 8.00:	Coffee and registration Introductions Roger Marriott & Chris Edwards Speed networking session, followed by general networking and buffet Close
To reserve your place (numbers are limited): email: modwenna@angelnews.co.uk or telephone: +44 (0) 1275 333 443 Looking forward to seeing you there!

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The women behind the men behind the guns

Or in this age of equality, should that read the men behind the women behind the guns? As the buzz continues around the cult of the entrepreneur, the world is beginning to understand that these are special people who need to be nurtured and feted, if we are not to lose our economic world position to the near and far East. Are investors thinking this through properly; is it really just the entrepreneur that matters?

Smart investors claim to back teams not individuals, which is great if you have a team. But what if the team is a bit more fragile than you would like to believe? What if the team breaks out into internecine warfare within weeks of an investment being made, or worse splits with different groups siding with different investors? And now stats are showing that there is another issue rearing its ugly head – the loyalty of the employees sitting behind the management team.

Last November, Adecco published interesting research stating that in finance and business services most employees are “job flirts” with an “always on the look-out approach” even when they are happy and settled in their jobs. In the finance industry 51% had applied for a new job or registered with a recruitment agency in the previous 12 months and in business services it was 61%. What keeps them in their jobs is employer loyalty to the employee, interesting and challenging work and a pleasant working environment. What must it be like if you are an employee in a fast growing SME – are you a job flirt too?

Well many SMEs will fall over big time on the last issue. Good high growth businesses don’t waste money on swanky offices. In contrast, probably the workload at the company is pretty good – building a business creates work that is nothing, if not interesting. If things are going well, employees should be too busy chasing the growth to get bored.

Where there may be real issues for employers, I suspect is how loyal they are to their team. Have they actually awarded, as promised, those shares to the first few employees? Do they react well when employees raise issues about their jobs or even their career development? What is the mood at the office Christmas party?

The evidence will be in the history and the current attitudes of management. As an investor always check out whether they had won their underlings respect in their previous jobs. Always check out staff turnover in previous and the current environment. I suspect if we researched the AngelNews companies we would see a succession of firms with pretty stable groups of employees. There should not be too many worries on this count and investors can return to focusing on optimising management performance. But keep checking, as it will be the people behind the managers you meet in the board meeting, who will cement the value created.

Next time you are investing, reassure yourself that the women behind the men behind the guns are who you think they are; not job flirts, who you will next meet working for the competition.

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Something to make you smile

An angel and his entrepreneur were sitting having a coffee reflecting on the success of the business they were both in.

The entrepreneur said to the angel:

“Well its been 20 years now - when you first met me I was living in a rented hovel, sleeping on the sofa, eating baked beans and with a great idea. You were a young City buck with money, but no skills to help me actually build a business on a day to day basis, so it has taken me a long, long time.

Look at us now, we are rich beyond our wildest dreams and have an international business which is about to sell for £hundreds of millions, but you still don’t really have any idea about how I did this for you. Maybe next time I start a business I should look for an angel who is prepared to roll up their sleeves and actually help me get there quicker by working with me.”

The angel replied to the entrepreneur:

“You start thinking like that before you get me my money in an exit, and I will make sure that you are back living in a rented hovel, sleeping on a sofa and eating baked beans….”

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Lucifer
Lines:

“Brand may get you through the door, but it’s chemistry and rapport that win you business”.

But Lucifer says:

“It’s rapport and chemistry that actually enables the crucial first meeting. Branding alone is worthless unless people already believe you have a great offering for them.”

An alternative, less risky model for healthcare investors - By Susan Aldridge PhD, freelance science writer, London

Opportunities for healthcare investors often seem polarised, consisting of either big pharma organisations with low risk, low growth profiles, or high risk biotech. Atlantic Healthcare, an emerging healthcare group, provides an opportunity in the middle. It was set up last year with the aim of realising the value of non-core assets of major healthcare and pharma groups and biotech companies without international commercial strategies. Backed by a group of wealthy entrepreneurs, Atlantic’s management team are all highly experienced in the commercial side of healthcare and in building corporate organisations. The group, based near Cambridge, plans to list on AIM in the near future to accelerate its growth plans.

‘There is a gap in the market in the healthcare sector when it comes to providing an upside for investors without the boom or bust of early stage biotech,’ says Toby Wilson Waterworth, Executive Chairman. ‘With our very experienced international commercial team who were also previously involved in building public listed company Alizyme plc, we mitigate the risk for investors and aim to avoid the downside by focusing on acquiring existing assets on which to build revenues, rather than undertaking the R&D to develop them in the first place.’

He explains that key to Atlantic’s strategy is growing by acquiring or licensing product and company opportunities with near term or existing revenues, where the commercial team can see they can add considerable value. Atlantic will sell direct in Europe and North America and commercialise in other parts of the world through third party arrangements.

Atlantic is building up two divisions – specialty pharma (niche pharma products) and contract research (providing clinical trial services to pharma and biotech). In specialty pharma, they are acquiring products and companies with a pre-existing body of scientific and clinical data, focusing upon compounds with potential revenues of up to 250 million dollars per annum – too small to interest big pharma - with a clear marketing route into hospitals.

The contract research organisation (CRO) division provides Atlantic with existing revenues and an infrastructure, giving operational benefit and economies of scale. Atlantic is acquiring CROs with a turnover of up to £30 million a year and an established scientific expertise and customer base. The personnel of these potential acquisitions are characteristically ex-pharma, very good operationally, who can benefit from formalisation of their business development and corporate processes to allow them to grow their companies to realise their full potential.

‘Atlantic has the experience to provide all of that, and the IPO also provides them with an exit and shares in Atlantic if they wish,’ says Wilson Waterworth. ‘And with our own CRO we intend to be faster to market with our own products.’

Atlantic’s first major deal involved the licensing of exclusive world wide rights to the intercellular adhesion molecule-1 antisense compound alicaforsen, and the related products AP1007 and AP1431 from Isis Pharmaceuticals Inc, a NASDAQ listed drug development company. Antisense compounds are a class of drug which switch off production of specific proteins that trigger inflammation in the gastrointestinal tract, lungs, eyes and skin. Alicaforsen has excellent clinical trial data that demonstrates its potential effectiveness. AP 1007 is for the treatment of pouchitis, a complication following bowel surgery in ulcerative colitis patients. It is a niche Phase III compound for which there is a relatively low cost (6 million US dollars) for completing development and regulatory approval to get to the market, while AP1431 is also ready to commence Phase III trials in ulcerative colitis. Atlantic also has programmes in asthma and inflammatory eye conditions through the Isis deal, for which it has commenced out-licensing.

Following its planned flotation on AIM later this year, Atlantic intends use the listing to accelerate growth, acquiring further product and company opportunities (including sale and marketing businesses to sell its own products), focusing on building revenues and cash flow. The company will fit into the global biotech scene as a player taking on the commercialization of late-stage products that major pharma has not licensed from biotech and, as such, provides investors with a new opportunity for de-risking their involvement in the healthcare sector.

Key people at Atlantic Healthcare: Toby Wilson Waterworth, Executive Chairman, ex-Alizyme (07770 450 898); Allan Cambridge, CEO, ex Evans Medical; Fred Banti, Wood Mackenzie; James Culverwell, Sudbrook Associates.

Website: www.atlantichc.com

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Events

We know you all want to meet each other, get more out of us and our Preferred Partners and generally make AngelNews work for you. So we have decided to up the ante on the number of events we would like to invite you to. Here is a list of them. We do hope you will be able to make it to one soon.

Partner, Predator or Prey – doing business with a global corporate
Date:	9th May 2007, 8.30am-10.30am (to include breakfast)
Place	Kemp Little LLP, Cheapside House, 138 Cheapside, London, EC2V 6BJ
About the event:	This focused session will include David Rajan, Director of Emerging Business at Oracle Corporation speaking on just how today’s global corporates are approaching high growth SMEs and why they have developed their strategies in this way. David’s talk will be complemented by a talk from Raimo Lenschow, Technology Analyst from Merrill Lynch who has been following the SME strategies of many other global corporates. This event will not only allow you to meet the man in Oracle who can help you do better business with them, but also other people who can make sure you get linked in with some of the largest tech companies in the world today.
Contact:	To reserve a place contact: Susan Marwood, AngelNews, susan@angelnews.co.uk or +44 (0) 1275 333 443
For:	entrepreneurs and business managers wanting to do some or more business with tech global corporates.

Creative Business Accelerator - Investment Marketplace
Date:	17th May 2007, 2.30pm-7.30pm
Place	ICAEW, Chartered Accountants Hall, 1 Moorgate Place, London, EC2P 2BJ
About the event:	After a successful event last year, a further Creative Industries Investment Marketplace event is being held again. The Marketplace provides a connection to a substantial selection of early stage “investment ready” creative businesses. This event offers a unique opportunity for investors to identify investment propositions and for all those working with the creative industries including accountants and relevant intermediaries to provide the next level of support that allows the businesses to grow. The Creative Industry is one of the fastest growing sectors in London and the UK, covering a range of business areas from software, film and publishing to cutting edge designer fashion and advertising. The businesses featured at this event have been involved in the Creative Business Accelerator programme operated by London Business Angels in co-operation with the London Development Agency. These entrepreneurs have been handpicked for their business growth potential and have received direct support with building their company and becoming investment ready. Investors and professional experts are able to attend at any time during the event, from 2.30 to 6.30 pm, to visit company exhibits in the ICAEW Great Hall and to interact with the individual entrepreneurs. On the hour, there will be an opportunity to hear a rolling programme of pitch presentations enabling potential investors and intermediaries to gain a succinct overview of the individual business propositions and their finance and support needs. The creative businesses will have copies of their executive summaries and business plans available. Interested investors are privy to early viewings of the products and services, and can enter into initial conversations with the entrepreneurs about potential investment and business development opportunities. The event will be followed by a networking reception from 6.30pm to 7.30pm including wine and canapés, offering further opportunities for entrepreneurs and investors to meet.
Cost:	FREE
Contact:	Sarah Rowe at the London Business Angels, sarah.rowe@gle.co.uk or telephone: 020 7089 2303
For:	Investors and professional experts

Stephenson Harwood - Disciplinary and grievance procedures – The good, the bad and the ugly
Date:	17th May 2007, 8.00am-9.30am
Place	Stephenson Harwood, One, St Paul's Churchyard, EC4M 8SH
About the event:	UK companies are paying an estimated £210m a year on employment tribunals. As well as the financial cost, these cases take up a considerable amount of management time to prepare and often increase stress in the workplace. In this seminar, we will review some of the good, bad and ugly issues that arise out of disputes in the workplace. We will also share practical tips and best practice that will significantly reduce the risk of expensive tribunals and judgments.
Cost:	FREE
Contact:	Please register your interest: Clare Beer, Stephenson Harwood, clare.beer@shlegal.com
For:	HR Managers and Directors

Vantis plc - Vantis’ Annual Hospitality & Leisure Seminar with the British Hospitality Association (BHA)
Date:	22nd May 2007 9:00am – 12:30pm
Place	The Commonwealth Club, London
About the event:	It is the fourth annual Hospitality & Leisure Seminar in association with the British Hospitality Association (BHA). This event always provides delegates with the latest news and updates on issues that affect their business. During the morning there is a fantastic line up of speakers. Vantis are delighted to welcome back Bob Cotton, Chief Executive of the BHA, Peter Davies, Tronc and Tax expert and Tom Kivlehan, VAT specialist both from Vantis Tax Ltd. Vantis are also happy to welcome their new speaker this year. Charles Campion, Food Critic for the Evening Standard, who has written about restaurants for over a decade. He is a past winner of the Glenfiddich Restaurant Writer of the Year award and is currently on the judging panel for the London Restaurant Awards. Charles will share stories, tips and advice that can help you understand what he looks for when assessing a restaurant. After the talks Vantis hope you will join them for food and drinks as well.
Cost:	FREE
Contact:	If you would like to attend please fill in the online form on the Vantis website www.vantisplc.com/events. Admission to the seminar is free but spaces are strictly limited and always in high demand. To secure your place please register by Friday 11 May.
For:	Entrepreneurs and investors in hospitality & leisure

Intramezzo - Senior Executive Networking Event specifically for the Investment, Spinout and Monetising IP sectors
Date:	22nd May 2007 6.00pm – 8:30pm
Place	2nd Floor, Browns Courtrooms, 82-84 St Martins Lane, Covent Garden, London, WC2N 4AA
About the event:	Following on from the success of two previous events the Directors of Intramezzo have pleasure in inviting you to an evening reception and senior executive networking event, focusing on Investment, Enterprises, Spinouts & Monetising Intellectual Property. This is an excellent opportunity for you to meet and network with other senior executives who we know are actively involved in the Investment, Spinout and Monetising IP sectors. There will also be a short presentation covering the findings and some extended analysis of a recent Intramezzo investigation into this sector together with some case study information. This venturing activity is important to the success of new business developments in the UK and European economy. The continued challenge is the building and delivery of world-class businesses able to compete internationally. We believe that this will be an informative and enlightening event during which you will make some useful new contacts as well as meet some of the members of the Intramezzo Power8 Venturing and Investment Group. This Group provides easy access to board level venturing skills and experience (for further details of this group please visit our website).
Cost:	FREE
Contact:	Please RSVP to Claire Fisher, cfisher@intramezzo.co.uk You are welcome to bring a colleague, but spaces are strictly limited and always in high demand, so please reply as soon as possible.
For:	Senior executives involved in investment, spinouts and IP monetisation

ShareMark - Creating the Ownership Tree
Date:	22nd May 2007 - 4.00pm onwards
Place	Leigh Court, Abbots Leigh, Bristol, BS8 3RA.
About the event:	Veale Wasbrough LLP, Hazlewoods LLP Accountants and Business Advisers, The International Centre for Families in Business and ShareMark are co-hosting a seminar, focussing on how the creation of an appropriate ownership structure can simplify the succession planning process. Key topics for discussion include: Real life disasters and successes; Share plc – a case study of a company that gave away ‘free’ shares and thrived! Resolving conflict in family owned businesses; Tax efficient structuring of the share ownership for family business succession; Our Chairman and guest speakers will include: John Hughes a leading figures in the Bristol Business Community and a founding director of Mail Marketing Group; Gavin Oldham, CEO of Share plc, who will share his corporate experience, and explain the advantages of broadening the share holder base; John Tucker of the International Centre for Families in Business, who will be able to offer insight into some of the difficulties experienced by family owned businesses; David Pierce of Hazlewoods LLP will look at the various options for passing on shares within the family, tax efficient ways to realise value for those shareholders who want to exit, and how to incentivise non family members who are key to business.
Cost:	FREE
Contact:	For further information, please contact Emma Vigus or Sophie Douglas, info@sharemark.co.uk
For:	Owners and managers of family owned businesses

Stephenson Harwood - Professional liability – The who, why and when
Date:	5th June 2007 8:00-9.30am
Place	Stephenson Harwood, One, St Paul's Churchyard, EC4M 8SH
About the event:	When things go wrong, the question of who bears responsibility for making good the pension scheme's losses often gives rise to confusion. In this seminar, we will clarify the duties of care that arise and the risk management issues that pension scheme trustees and the professionals who advise them, including actuaries, scheme administrators, investment managers and lawyers need to be aware of.
Cost:	FREE
Contact:	Please register your interest: Clare Beer, Stephenson Harwood, clare.beer@shlegal.com
For:	Trustees of pension schemes

Stephenson Harwood - MiFID: Transaction reporting / Training and competence
Date:	Edinburgh 6th June 2007, 8:00-10.00am London 13th June 2007, 8.00-10.00am
Place	Edinburgh – The Balmoral Hotel, 1 Prince's Street, Edinburgh, EH2 2EQ London - Stephenson Harwood, One, St Paul's Churchyard, EC4M 8SH
About the event:	These two sessions take a practical look at two current regulatory "hot potatoes" and will give some guidance on the way through the maze.
Cost:	FREE
Contact:	Please register your interest: Clare Beer, Stephenson Harwood, clare.beer@shlegal.com
For:	Senior employees involved in financial services businesses

Stephenson Harwood - When good loans go bad
Date:	14th June 2007, 5.30-7.00pm (followed by a drinks reception)
Place	Stephenson Harwood, One, St Paul's Churchyard, EC4M 8SH
About the event:	This seminar will examine the legal implications of defaulting loans concentrating on the various issues in the process leading up to a demand for repayment and the consequent issues when the demand is unpaid.
Cost:	FREE
Contact:	Please register your interest: Clare Beer, Stephenson Harwood, clare.beer@shlegal.com
For:	Lending institutions

Vantis plc – Pass Training – Networking a room – Essential skills
Date:	14th June 2007 3:30pm – 7.00pm
Place	66 Wigmore Street, London, W1U 2SB
About the event:	A practical course to provide you with the skills to build your confidence and enable you to network effectively. This course is packed with practical tips that will be invaluable for anyone who's role involves meeting other people. You will get lots of opportunity to practise the techniques during the afternoon. By the end of the course you will be learn: Overcoming the fear most people feel One easy technique that will change your life Preparation - what is necessary - what is not How to enter a room full of strangers How to choose who to talk to How to enter a group of people who are already talking Introducing yourself - what to say - how long to say it Remembering names Creating that powerful 'first impression' Making small talk - what to talk about How to appear really interested in others How to take control Leaving conversations politely Starting to talk business - when and how
Cost:	£60 + VAT A 25% discount is available for Vantis clients
Contact:	Geoff Wood – geoff.wood@vantisplc.com
For:	Entrepreneurs and business managers

Vantis plc - Charity Accounts for Non-Accountants
Date:	June 20th 2007 2pm-5.30pm
Place	66 Wigmore Street, London, W1U 2SB
About the event:	This practical training is designed to enable trustees with no accounting knowledge at all to be able to understand the essential details of a set of charity accounts and the main reporting requirements.
Cost:	£125 + VAT. A 25% discount is available for Vantis clients
Contact:	Gillian Crocombe - gillian.crocombe@vantisplc.com
For:	Charity trustees

The Corporate Finance Faculty Forum: IPOs and fundraising on AIM
Date:	Friday 22 June 2007- morning
Place	The Chartered Accountants Hall, London EC2P
About the event:	The Forum will put companies considering an AIM flotation as well as companies wishing to conduct a second round of funding on the market, in front of relevant advisors, including brokers, lawyers, accountants, valuation specialists, Nomads and market makers. The event will include an introduction from AIM, and focus around ‘surgeries’ and workshops where companies can consult advisors individually and Q&A sessions with a chance to hear the experience of a company that has recently been admitted to AIM. The event finishes with a networking lunch.
Cost:	£45+VAT for non faculty members
Contact:	Contact lorraine.sinclair@icaew.com or tel +44 (0) 207 920 8685 for more details
For:	Company directors, existing or potential investors in UK companies

For those who matter: Making IT & Communications work for you, with a twist and a laugh!
Date:	26th June 2007, evening
Place	BT Tower, 60 Cleveland Street, London, W1
About the event:	This superb early evening seminar is brought to you by AngelNews and BT, in order to clearly explain how cost-effective IT & Communications can benefit your business. PLUS – We will have a very special and unique speed networking session after the seminar in the glorious viewing platform at the top of the BT Tower. For more information see the bigger ad in this AngelNewsletter
Cost:	FREE
Contact:	susan@angelnews.co.uk or telephone +44 (0) 1275 333 443
For:	All AngelNews readers. PLACES ARE LIMITED - BOOK EARLY

Health Investors Forum
Date:	12th September 2007, London. 9.00-5.00pm Conference, 5.00-6.00pm speed networking, 6.00-7.00pm cocktail party.
Place	New Connaught Rooms, London WC2
About the event:	AngelNews is joining forces with Healthcare Investor magazine to bring you a day of exciting seminars and the opportunity to see pitches by the leading high growth companies in the medical and healthcare markets today. For immediate enquiries about getting involved email: modwenna@angelnews.co.uk.
Contact:	modwenna@angelnews.co.uk +44 (0) 1275 333 443
For:	Company directors, existing or potential investors in companies

[Top of page]

Convergence story of the month

There was this dog kennels that was facing a lot of competition from other local kennels. To make itself different it installed webcams in each of the dog’s kennels so that the owners could go online and check that their dog was happy. But to make it really good, the business also downloaded a photo of each dog from the webcam, printed it into a postcard, and then sent the postcard to the owners’ home in time for their return from holiday. The post card with a picture of their dog said words along the lines of “Having a great time here. Hope you had a good holiday. Come and get me whenever you feel like it, I’d love to see you.” It worked.

[Top of page]

The Headlines

For the full stories please click on the story and login at www.angelnews.co.uk.

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Business & Financial services
Aitua Ltd	Aitua launched on Babraham Research Campus
Aventiv NV	GIMV AND EXISTING SHAREHOLDERS INVEST 3 MILLION EURO IN FLEMISH ICT STARTER AVENTIV
Broker Direct	Latest Traded Price Alert
Broker Direct	Last Traded Price Alert
Enterprise Accelerator Limited	Enterprise Accelerator leaps forward in a new phase of expansion.
EveryClick Ltd	everyclick.com wins hottest new start up at The Imperative Digital Awards
EveryClick Ltd	Everyclick.com finds core investor in £3m investment round
Foviance	Sage tracks online customer journey with Foviance
Foviance	Manchester Evening News Unveils New Website
Foviance	Foviance delivers HMV.co.uk?s Christmas wish
Historic Futures	V2.1.0 myString released
MeetingZone Ltd	MeetingZone Expands London Operations
Running the gauntlet	RUNNING THE GAUNTLET? LAUNCHES TWICE THE SIZE FOR 2007
Consumer
Faveo	Faveo® Freedom Bra available from high street shops from June 2007.
Getmapping plc	Last Traded Price Alert
H10	H-10 Barrier Cream to be stocked at selected Waitrose stores
Intamac Systems	Intamac and Group 4 Securicor offers Automated Manned Response Capability
Mydeo	Canon supports talent in national video-making competition
Plant Impact	Benign Botanical Pest Control product Registrations
Plant Impact	Plant Impact Floats on AIM
Plant Impact	Plant Impact will be sponsoring the lifetime achievement award 2007 at the Agrow Awards
Teamworks Karting Ltd	Easter Madness!
Wrapit plc	Liberty will soon have the best wedding gift list service in Britain
Wrapit plc	The Wrapit Wedding Industry Awards
Environmental, engineering and industrial
Ashe Morris Ltd	Ashe Morris completes £500,000 first closing of expansion capital funding
Cybersense	Cybersense CEO to present at ICU 2007
Dairy Farmers of Britain	Farmer-owned co-operative, Dairy Farmers of Britain, has today announced a unique
Dairy Farmers of Britain	Last Traded Price Alert
Dairy Farmers of Britain	Last Traded Price Alert
Ecolec Innovations Ltd	Ecolec are evaluating a number of new products
Ecolect Innovations Ltd	Ecolec are no longer endorsing the FIFOS electric boiler from Fifas Ltd.
ECO-Logic UK EMPS Ltd	ECO-Logic announce additions to Compact Range
Icona Solutions	Icona Solutions announces the latest release of its aesthetica software
Miniflex	Miniflex WAM? portable FTTH installation tool
Quiet Revolution	Winner of the Business 2.0 "Bottom Line Design - Energy Prize" 2007
RF Engines Ltd	New datasheet on RF Engines? HyperSpeed range of high performance FFT cores now available.
St Andrews Fuel Cells Ltd	Major renewables grant awarded to St Andrews Fuel Cells by Scottish Executive
Voller Energy	Interim results for the six months ended 31 December 2006
IT, media and telecoms
Artem Digital	Adding Realism To MotorStorm For Playstation 3
AutoAlert	AutoAlert to Debut at this Years Commercial Vehicle Show
Blue Prism	March 2007 - Blue Prism MD airs his thoughts at new weblog.
Blue Prism	March 2007 - International Banking Systems Publishes Blue Prism Case Study
Caspian Learning	Caspian Learning Awarded Contract to Develop Financial Awareness Game for Teenagers
Covalent Software	Covalent?s first customer is Council of the Year -
Covalent Software	Customer feedback - Covalent?s making an impression with the Commission Inspectors - April 11th, 2007
Datactics	Datactics announces the release of DataTrawler AV 3.2.
Fifty Lessons Ltd	Fifty Lessons restructures Board
Fractal Edge	Fractal Edge and Incremax team up to bring Active Data Visualization to Microsoft
Fractal Edge	FRACTAL:EDGE NAMED ?COOL VENDOR? BY LEADING ANALYST FIRM
Fractal Edge	The Wow Starts Now - Microsoft/Fractal:Edge - A Winning Combination
Ikivo AB	Ikivo collaborates with AMD to turbo charge rich media in mobile phones
KeCrypt Systems Ltd	KeCrypt demonstrates 100% security at Security Document World 2007.
KeCrypt Systems Ltd	KeCrypt plays leading role in the development of ISO Standards for biometric signatures.
KeCrypt Systems Ltd	The World's First Digital Authoriser
Imagineer Systems	motor v1.1.1 released
Imagineer Systems	Imagineer Systems Expands to Address Evolving Visual Effects Design Workflow Needs of Production Facilities, Post Houses
LocalNow plc	William Gartland, ex CEO Thompson Directories, appointed as Non-Exec Chairman
Medical Futures	Innovators enter Medical Dragon?s Den
Mezzo Movies	Mezzo and Award-winning FlyGlobespan team up
Momote	Momote Present on the World Stage
MVine	New MVine Website!
Skinkers	Skinkers integrates Microsoft Silverlight with peer-to-peer delivery to transform live interactive desktop TV
Solcara Ltd	The most intuitive and responsive software application for the press office
Vc-net	Network Audit finds hotspots and security issues
Virtalis	Virtalis & InterSense Deliver IS900 Motion Tracking System for BAE Systems Typhoon Cockpit Rig
Virtalis	Virtalis Sales set to Rocket
Virtual IT Ltd	Virtual IT and software company First Choice have joined forces
Virtual IT Ltd	Virtual It - Our Customer Feedback from Contract Connections
Virtual IT Ltd	Virtual IT achieves Gold!
Virtual IT Ltd	Virtual IT expands Support Team
Virtual IT Ltd	Movers and Shakers in Customer Services!
VQ Communications	ITPSA Membership
VQ Communications	VQ Communications Now Supports Codian
Wireless Fibre Systems Ltd	Underwater Electromagnetic Communications First S1510 Underwater Radio Modem
Wireless Fibre Systems Ltd	DTI grant to develop ?revolutionary? underwater radio
Wireless Fibre Systems Ltd	Wireless Fibre Systems Limited Ltd (WFS) was awarded the Overall Winner 2006 prize at the Defence Technology Exchange Innovation Awards 2006
Pharma and biotech
APA Parafricta	Company features on BBC News
Phynova Group plc	Directors Dealings: Exercise of Options
Phynova Group plc	Significant Shareholder Dealings
Phynova Group plc	Successful close to option exercise period
Phynova Group plc	Annual General Meeting 2007
Quotient Diagnostics Ltd	Emerging Markets call for help in tackling Diabetes Epidemic
Technology
Atmos 1998 Ltd	Latest generation of radiation detection technology offers to make the world a safer place
Atmos 1998 Ltd	Atmos wins a GRAND award to develop larger, cheaper and more efficient solar cells
Biotroncis 3D	3Dnet? Suite Receives CE Mark and EN ISO:13485:2003
Biotronics 3D	Biotronics3D Announces 3Dnet? Suite Windows® Vista Compatible
Cellexus Biosystems	Cellexus Biosystems plc in £945,000 institutional funding for growth plans
Cellexus Biosystems	Cellexus Biosystems plc appoints Capital MS&L as its Public Relations firm in preparation for AIM flotation
Curidium Ltd	Curidium announces changes to Board of Directors
Dialog Devices	Dialog Devices one of three innovations finalists in Medilink East Midlands Awards 2007
Dialog Devices Ltd	Dr Vincent Crabtree Technical Director of Dialog Devices is named one of 42 under 42 by insider media
Duncan Hynd Associates Ltd	Welcome to the RadPro April 2007 e-newsletter.
Futura Medical plc	GlaxoSmithKline pays upfront fee to enter exclusive talks on Futura?s DermaSys® topical delivery technology
Futura Medical plc	Futura Medical Plc Launches DermaSys® as brand name for proprietary drug delivery technology
Illika Technologies Ltd	American Chemical Society Lists Ilika Scientists as ?Most Cited?
Michelson Diagnostics	Michelson Diagnostics Launches First Product
Michelson Diagnostics	OCT Business Briefing Event a Success!
Michelson Diagnostics	Clinical Testing begins at Gloucestershire Royal Hospital
Michelson Diagnostics	Michelson Diagnostics Expands!
Moixa Energy	Moixa Energy plans Fashion Conscious USBCELL Batteries
Nanosight Ltd	Nanosight takes the world by storm and picks up a groaning order book
Probe Scientific Ltd	Probe Scientific ? successful right issues raises £300,000.
Prosonix	Prosonix and University of Bath Win Royal Society of Chemistry Innovation Award
Psymetrix Ltd	Electricity industry leader becomes Chairman of Psymetrix Ltd
Events
Cambridge Cell Networks Ltd	Events - EUROTOX 2007- Amsterdam (NH), 07.10.2007
Orla Protein Technologies	Event: Orla at Technopark 12th and 13th June 2007.
Plant Impact	Plant Impact Exhibitions - October 2007
Surface Generation Ltd	Surface Generation Ltd will be exhibiting at JEC 2007
Curidium Ltd	We will be presenting at the following events if you would like to find out more about us;
Wireless Fibre Systems Ltd	Upcoming Events:
WarwickControl Technologies	Seminar::Beyond CAN3
We have moved!
Orderly Software Ltd	Doubling of business in less than three months leads to OrderlyQ expansion and move
Cambridge FPD Ltd	CamFPD moves to new premises.

[Top of page]

Profiles of angelnews companies

Biotechnology
Cambridge Cell Networks Ltd	CCnet delivers software, databases and services solutions to pharmaceutical, biotechnology, and chemical industries. With a strong expertise in Systems Biology and Toxicology, CCnet's solutions develops tools for scientists who need to better understand on- and- off target mechanisms of action of compounds and the links between genes, targets, chemicals and pathologies.	Cambridge +44 (0) 1223 703 137
Business services
Aitua Ltd	Aitua’s business is the commercialisation of Intellectual Property (IP) in the life science sector, creating value for its shareholders and partners. It actively designs, nurtures and grows companies, building them around novel and defensible IP with products that address a significant market need. Aitua drives early commercial activity and ensures management and shareholder interests are aligned to achieve an early exit. Companies are focused to achieve exits either through IPO or trade sale.	Cambridge +44 (0) 1223 496060
Datacom	Datacom is an independent specialist in the provision of solutions for every aspect of audio, video and web conference networking to small, medium and large businesses. The company's focus is on providing affordable quality. It does this with one of the best available Optimum Quality Routing processes, extensive carrier knowledge and buying power which means it can achieve savings on client conferencing costs.	Sherborne St John, Hants +44 (0) 1256 851800
Finance South East	Finance South East helps ambitious companies to grow through direct investment and associated support. Our specialist range of products and services include advice on funding strategy, introductions to funding sources, fund management and mentoring and investor networks. Our team consists of highly experienced finance professionals with many years experience of small business finance.	Crowthorne, Berkshire +44 (0) 1344 758540
Marketing Improvements Optimi Limited	Improving the efficiency and effectiveness of the sales and marketing operations of life science companies through the application of software and skill development processes.	Guildford, Surrey +44 (0) 1483 243595
Whistler Technology	Whistler Technology (WTX) is a supply chain management business serving the electronics industry’s original equipment manufacturers, contract manufacturers and other distributors around the globe. The company provides its customers with innovative manufacturing solutions, product procurement and obsolescence management programmes that utilise its expertise and established global supply chains.	Mansfield, Nottinghamshire +44 (0) 1623 425880
Consumer - Leisure
Voyager 2020	Voyager 2020 provides ''virtual access to adventure'' by allowing the user to access regular positioning data related to projects such as a round the world sailing event via a 3D viewer.	Winchester, Hants +44 (0) 1962 862361
Consumer – retail and restaurants
Milestone Corporation	Milestone Corporation has created a modern home-shopping solution for the infant products industry (babies, toddlers and children). The business model is based on direct sourcing of products and a combination of internet and catalogue sales and marketing.	Fleet, Hants +44 (0) 1252 775430
Environmental
A Greener Place	A Greener Place is a London-based, one-stop service for busy, urban people who want to make their homes more energy efficient. The company's CORGI engineers are amongst the first in the UK to be fully accredited in gas, water, electrics, renewable energy and building energy efficiency. They help customers understand how the energy currently works in their homes and assist in the reduction of energy consumption and the generation of alternative energy from the sun, wind or earth. The service is fully comprehensive and covers an initial home energy audit through to the installation and maintenance of the best solution to meet individual household energy needs.	London +44 (0) 845 600 9008
BioDepot	BioDepot is a unique cradle to grave concept designed to meet the growing demand for renewable energy, managed waste solutions and reductions in carbon emissions. The BioDepot Management Franchise opportunity is a fully operational biodiesel production facility, complete with methodology and systems for the collection of base production material and the sales and marketing of the finished product.	Rugby +44 (0) 1788 513087
Carbon8 Systems Limited	Carbon8 Systems provides solutions for the treatment of industrial wastes and contaminated soils. By using carbon dioxide to produce materials for reuse or for which disposal is less costly, we provide solutions with a unique combination of benefits including significantly shorter treatment times.	Chatham Maritime, Kent +44 (0) 208 331 9848
Dataserv Limited	Dataserv Limited manages the secure disposal and redeployment of computer equipment through our own proven, comprehensive engineering and redistribution programme. When you need to replace your IT equipment, it can quickly become an administrative, environmental and security liability. Our services are all tailored to help you turn these liabilities into a positive benefit. Dataserv's bespoke audit programme ensures that our customers are kept aware of exactly when and how each individual component is disposed of.	Staines, Middlesex +44 (0) 1784 462104
Financial Services
The Investment Trading Company	The Investment Trading Company empowers small businesses with the key ingredients they need to succeed. And because we personally evaluate and invest in the companies we recommend, our advice to investors is second-to-none. The Investment Trading Company. A more individual approach to investments.	London +44 (0) 20 7743 7132
Materials
Composite Metal Technologies plc	Composite Metal Technologies Plc (CMT) is an advanced materials technology company that produces innovative casting machinery for the manufacture of Aluminium Matrix Composites (AMCs) using the Liquid Pressure Forming (LPF) process in order to provide next generation engineering solutions.	Bicester, Oxfordshire +44 (0) 1869 353830
Hardide Coatings Limited	Hardide Coatings is the leading global innovator and provider of ultra-hard tungsten carbide coatings. Our unique and patented coatings combine ultra-hardness, toughness, low friction and chemical resistance for use on components made from steel, alloys and other materials. They are revolutionising the way that tools and parts perform under the harshest and most challenging of conditions. By optimising component performance and extending life, our coatings are proven to dramatically reduce the cost of replacement parts and downtime.	Bicester, Oxfordshire +44 (0) 1869 353830
Manufacturing
Amphora NDT Limited	Amphora NDT Ltd was formed on the basis of the research and development work carried out by the School of Civil Engineering at Queen’s University Belfast. We manufacture testing instruments which can assess the strength and durability of both structures and materials and provide a range of testing services to characterise construction materials. The range of instruments manufactured by us includes Autoclam Permeability System (for testing different materials), Permit Test and Limpet Pull-off Test. It must be emphasised that the company is led by highly qualified academicians, with many years of research experience in the area of Non-Destructive Testing of construction materials.	Belfast +44 (0)28 9066 4964
Media and communications
Ashingo plc	Ashingo creates, designs and operates Screen Media Networks and Channels that target and deliver consumers, through experienced focused content and advertising; that create new revenue streams for mall owners, brand owners and storeowners.	Harrow +44 (0) 8700 637 012
Ikivo AB	Ikivo AB is instrumental in driving industry standards and in helping to shape the future of mobile rich media services worldwide. As a pioneer of software solutions for Mobile SVG, Ikivo has become the leading supplier of standards-based rich media solutions for mass market and OpenOS mobile phones. Its range of products, the Ikivo Enrich Product portfolio, empowers mobile device manufacturers, mobile operators and content creators to develop and deploy compelling rich media services. From content creation through to handset display, Ikivo’s solutions are used to support a wide range of mobile services from Interactive Mobile TV, Mobile portals and music. Ikivo is an active member of the W3C and Khronos Group.	Stockholm +46 8 53 48 11 80
IS Publishing Ltd	The Company's aim is to build a trusted brand known for its educational excellence based on high quality fun and educational content that can be sold and exploited over a range of media. The Company's flagship product is CY – a monthly magazine and website for 8-12 year olds.	London +44 (0) 20 8675 8865
Legacy	Legacy®'' vision is to inspire current and future generations to build on the wisdom, experience and values of people who shape our world. Legacy captures each generation's legacy through the audiovisual recording of the world's top personalities in the fields of politics, art, business, science, religion and education.	Switzerland +41-22-347-2917
Lime Microsystems	Lime Microsystems is a privately held company providing innovative high digital content mixed signal ICs. Working with leading OEMs, we use our novel design approach to create breakthrough mixed signal products.	Guildford, Surrey +44 (0) 1428 653335
Speakeasy4schools	Speakeasy4schools supports Social Enterprise. Our 4 Solutions are straight forward, and have been carefully designed to embed within the National Curriculum, delivering students real-life skills whilst providing teachers with Ofsted and CPD/TLA evidence. We've delivered to more than 110,000 KS3 and KS4 students across the UK	Dorking, Surrey +44 (0) 844 477 4100
ZAC Toons	ZAC Toons is a creative mobile content producer established to create original, animated mobile content for the global 3G marketplace. We aim to take a leadership position in the mobile cartoon sector with cartoon titles based on our own original characters and sound tracks.	London +44 (0) 7786 002 249
Medical: pharma
Atlantic Healthcare Ltd	Atlantic Healthcare is a mini-conglomerate that is building an international group of companies to realise the intrinsic value of non-core assets of major healthcare and pharmaceutical groups, R&D companies or regional healthcare related companies without international commercial strategies. Atlantic Healthcare is acquiring products and companies with existing or near term market revenues that complement the group's overall growth strategy and which can add considerable investor value.	Halstead, Essex +44 (0) 7770 450 898
Technology
Futuretec Ltd	Futuretec services the Global energy business from its HQ in Aberdeen, Scotland delivering step-change improvements in down-hole liner placement processes, cementing technology and in-situ remediation.	Aberdeen +44 (0)1224 572070
GFS Projects	GFS Projects'' Unmanned Aerial Vehicle (UAV) is capable of vertical take off, fully-controlled flight, hovering and landing on a specified point. By using the Coanda principle to create lift, it has very little downwash and is aerodynamically stable. The craft will be most useful in urban environments, where its ability to hover and fly close to and within buildings will enable close quarter surveillance and intelligence gathering. Having no exposed rotating parts, brushes with walls do not compromise the craft’s flight. Numerous applications have been identified, including battlefield and urban surveillance, intelligent targeting, disaster area reconnaissance, communications relay and jamming, sensor distribution, land mine detection, air quality sampling, listening and search and rescue.	Peterborough +44 (0) 1733 898990
Revolymer Ltd	Revolymer® Ltd is a technology company focused on developing new polymers manufactured from inexpensive commodity polymers such as polyethylene oxide, polyisobutylene, polyvinylamine, etc. By combining hydrophilic and hydrophobic polymers together, Revolymer® is changing the physical characteristics of existing polymers to create new market opportunities.	Mostyn, Flintshire +44 (0) 1745 562301
Venture Capital Fund
Mercia Technology Seed Fund	The Mercia Technology Seed Fund is a £12.8 million seed fund which is looking to invest in opportunities that are post proof of concept, often pre-revenue, but with demonstrable commercial interest in the technology under development. Prospective investees will have a strong sector focus on patented technology and innovation and are or will be based in the West Midlands region. The fund makes investments typically between £50,000 and £250,000 with the potential to invest up to £750,000. The Fund is managed by experienced fund manager WM Enterprise*.	Birmingham, West Midlands +44 (0) 121 236 8855
North West Equity Fund	North West Equity Fund (NWEF) provides Risk Capital to North West SMEs looking to achieve significant growth. We will consider investments across a wide variety of manufacturing and service sectors at any stage of the business cycle. Initial tranches will usually be limited to £250k, with subsequent investments possible up to a maximum investment of £500k. Over recent years there has been a shift in emphasis by UK providers of Risk Capital towards larger transactions. As a result, businesses seeking smaller amounts (up to £500,000) have encountered great difficulty in raising funds. It is this ‘Equity Gap'' that the NWEF seeks to fill. We invest in businesses operating in the North West of England. This comprises Greater Manchester, Merseyside, Cheshire, Lancashire and Cumbria.	Lymm, Cheshire +44 (0) 1925 759246
Wireless telecoms
Activator UK	Activator UK delivers a range of managed services to its customers who are looking for an expert partner to support their VoIP and data connectivity to the outside world. The company provides a portal-based service for sites worldwide, backed by an expert helpdesk giving customers access to engineers and remote access tools designed to quickly identify service problems and keep business-critical systems working.	Basingstoke, Hants +44 (0) 845 456 5962
CMS Global Technologies	CMS Global Technologies (CMS) is a market leading company specialising in the development and deployment of managed IT solutions and the supply of a whole host of innovative wireless products and services that incorporate its ground-breaking and unique Open Wireless Platform (OWP) enabling technology.	Swindon, Wiltshire +44 (0) 1793 487488
Wireless Fibre Systems Ltd	Wireless Fibre Systems (WFS) Ltd, based in Livingston, near Edinburgh is the world’s leading developer of RF based underwater communications, sensing and navigation systems. WFS has led innovative research in underwater and underground electromagnetic technologies which had resulted in the filing of over 20 patent applications in Europe and the US.	Livingston, West Lothian +44 (0) 1506 407 865

[Top of page]

People moves

Curidium Ltd	Curidium announces changes to Board of Directors
LocalNow plc	William Gartland, ex CEO Thompson Directories, appointed as Non-Exec Chairman
Psymetrix Ltd	Electricity industry leader becomes Chairman of Psymetrix Ltd

[Top of page]

Job ad of the month

Investment Manager's Assistant for London based Venture Capital Fund - Seraphim Capital

Role

The role is first step on the venture capital career ladder for a young graduate.

Administration for the Seraphim Venture Capital Fund which includes registering business plan applications, excel and database work, updating and managing web presence, telephone answering, diary and record keeping and the filing of paperwork.

Web based due diligence analysis on potential investee companies. Assisting Investment Managers with other areas of due diligence, business analysis and report writing.

Active involvement with other related activities and various events throughout the year including fund raising events, SME related training and capacity building events.

Requirements

Recent graduate
Business related degree with 2.1 minimum
Previous work experience/internship or relevant experience is a prerequisite
Evidence for desire for career in Venture Capital
Flexible “can-do” attitude
Attention to detail
Good telephone manner

Salary

£28k + Participation in company bonus scheme, contributory pension scheme

Contact

Mark Boggett - Tel: 020 7089 2318 or email: mark@seraphimcapital.co.uk

If you would like to advertise a job here, please email jobs@angelnews.co.uk - very competitive rates available.

[Top of page]

Our own and Preferred Partners’ news

ShareMark

City Lofts Group Plc Joins ShareMark

[Top of page]

Networks' and fund managers' news

For the full stories please click on the story and login at www.angelnews.co.uk

Braveheart Investment Group plc	COMPLETION OF £6.64 MILLION PLACING and ADMISSION TO AIM AND FIRST DAY OF DEALINGS
Braveheart Investment Group plc	Investment in EctoPharma Limited
Braveheart Investment Group plc	Acquisition of WL Ventures Ltd
Braveheart Investment Group plc	Alpha EIS Fund invests in Edinburgh Robotics Limited
EEDA	David Morrall is joining the East of England Development Agency (EEDA)
EEDA	Two weeks remain to access £1.5m of funding
Finance South East	Finance South East wins European business
Hotbed Ltd	65 Hotbed members count profit on Mimosa Healthcare Holdings
Hotbed Ltd	Hotbed raises £2.15m for convenient cash dispenser company
Hotbed Ltd	Hotbed invests in £17.5m MBO/MBI of Atlantic Foods Ltd
Mercia Technology Seed Fund	Fund Boosted by First Investment
Oxford Capital Partners	Oxford Capital Partners, QNB and Ansbacher create Qatar Capital Partners
South East Capital Alliance (SECA)	Finance South East wins European business angel award
The Capital Fund	The Capital Fund marks Fourth Successful Exit

[Top of page]

Ad of the month

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Editor: AngelNews
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