Investor summit event
Investors and leading figures from the VC industry gathered at an Investor Summit in the City on 27 November 2009 to hear more information on the fund and the types of companies and technologies it will invest in.
The day in quotes
“The strength of the UK is know how…The people you are getting in the science base here are just as good as MIT or Stanford and it is fundamental technology and it is incredibly defensible and valuable. That is the raw material.”
Mike Lynch, Founder and CEO, Autonomy
“We have four of the top 10 universities in the world. When we put great science together with world class management teams we must provide them with sufficient capital to grow and develop”
Susan Searle, CEO, Imperial Innovations
“Over the last 15 years we have committed £2 billion to the asset class. Since we began investing we have demonstrated a 66% IRR. We view venture capital as being able to provide returns that more than justifying the risk in individual investments.”
Geoffrey Love, Head of Ventures, The Wellcome Trust
"The challenges in dealing with resource scarcity climate change and ageing demographics all represent major opportunities for venture capitalists."
Geoffrey Love, Head of Ventures, The Wellcome Trust
The programme
(Please note: the references in the programme are to ministers in the former Government.)
| Introduction |
The Rt Hon Lord Mandelson
Secretary of State, BIS |
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| Reshaping the UK Economy |
Julian Callow
Managing Director, Chief European Economist,
Barclays Capital (PDF, 88 Kb) |
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| UK VC – A Vintage Year |
Ashley Coups
Private Equity Assurance Leader,
PwC (PDF, 478 Kb) |
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Home-grown Entrepreneurs –
The University Spin Out |
Teri Willey
CEO, Cambridge Enterprises (PDF, 1.7 Mb)
Susan Searle CEO,
Imperial Innovations (PDF, 1.0 Mb) |
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| An Investor’s Perspective |
Geoffrey Love
Head of Ventures,
The Wellcome Trust |
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Creating a World Leader –
From university lab to FTSE100 |
Dr Mike Lynch
Founder and CEO,
Autonomy |
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| UKIIF – The Opportunity |
Lord Drayson
Former Science and Innovation Minister
Former Founder and CEO,
PowderJect Pharmaceuticals Plc (DOC, 48 Kb) |
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Panel Discussion
chaired by Simon Walker,
Chief Exec BVCA |
Lord Drayson
Dr Mike Lynch
Rory Earley
CEO Capital for Enterprise Ltd
Professor Mike Wright,
University of Nottingham
Simon Whitney,
SJ Berwin |
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Showcasing leading technology companies
The UK’s position as a technology leader was demonstrated with displays from Anarkik3D, Apatech, Glysure, Heptares Therapeutics, Horizon Discovery, Icera, Immune Targeting Systems, MBA Polymers, Natural Motion, Novacem, TMO Renewables
More information on featured companies (PDF, 252 Kb)
Audience
The Summit attracted the interest of key players in the investor and VC community. Amongst the audience were representatives from: Aviva, Axa, BP, Greater Manchester Pension Fund, RailPen, Standard Life, West Midlands Pension Fund, Abingworth, Advent, Albion, Amadeus, Capital Dynamics, Hermes, MTI, Pantheon and many others.
