Early Stage Investment Fund

66122000: Corporate finance and venture capital services

Contract details

Detailed information about the contract

Id
ocds-h6vhtk-04dc65
Title
Early Stage Investment Fund
Description

PIN ONLY We are looking for a fund manager with experience in early-stage investments into Health & Life Science and Digital Tech companies across West Yorkshire. We expect our funds to be used to contribute between £200k and £500k to a pre-seed/early-seed deal, with the ability to bring in leverage, either via other private sector funds, or via public sector funds such as the Northern Powerhouse Investment Fund. The fund manager will work closely with our accelerator partner (Health Innovation Yorkshire & Humber) to secure deal flow. The fund manager will not be expected to make follow-on investments. Anticipated tender timings: We are aiming to go into delivery in Summer 2025 Anticipated contract length: It's envisaged that the first four years would be the investment period, followed by six years of portfolio management. Estimated budget: £4M is confirmed currently, but we are looking to get the budget north of £10M. This will be confirmed in due course.

Buyer
West Yorkshire Combined Authority
Date Published
Unknown
Status
Planned
Classification
66122000: Corporate finance and venture capital services
Value
Unknown
Procurement Method
""
Procurement Method Details
Unknown
Tender Deadline
Unknown
Contract Start Date
2025-04-26
Contract End Date
2025-04-26
Suitable For Sme
false
Suitable For Vcse
false
Documents
No documents found.