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Bank of Scotland Growth Equity
in collaboration with Oxford Innovation’s investment networks

This £2m Co-Investment Programme is an arrangement with Bank of Scotland Growth Equity (BoSGE) that is designed to provide an additional source of funding exclusively for companies and investors using Oxford Innovation’s investment networks.
BoSGE has made available a £2 million co-investment pool to invest alongside members of Oxford Innovation’s investment networks. BoSGE will typically invest from a minimum of £25,000 up to a maximum of £250,000 per deal, on identical terms to our investor members.

The funding is available from 1 January 2008 for investment throughout the year in qualifying companies that are seeking funding from our investors. A qualifying company is one that has registered with one of our investment networks and secured a funding commitment from one or more of our investor members.

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For Companies

The Co-Investment Programme is exclusively for companies that have registered with one of Oxford Innovation’s investment networks. Qualifying companies are encouraged to apply for funding through the Co-Investment Programme.

A qualifying company is a company that has:

• Registered with one of Oxford Innovation’s investment networks and signed a Success Fee document.
• Presented at one of Oxford Innovation’s investment network meetings or whose details have been circulated to our investment network members.
• Secured a minimum funding commitment of £25,000 from a member of one of Oxford Innovation’s investment networks.

BoSGE will invest from a minimum of £25,000 up to a maximum of £250,000 as co-investment funding in any single qualifying company. However, BoSGE has discretion to provide additional funding.

As BoSGE is investing alongside members of our networks, the investment process is handled by one of the investors involved in the deal who agrees to act as the Deal Leader.

For Investor Members

The Co-Investment Programme is exclusively for investors who are registered members of one of Oxford Innovation’s investment networks. BoSGE is able to co-invest alongside one or more of our investor members in a qualifying company that has signed a success fee document. The Co-investment process is negotiated through an investor member who has agreed to act as the Deal Leader.

• BoSGE will invest from a minimum of £25,000 up to a maximum of £250,000 alongside a Deal Leader (and other investors, where appropriate) in a qualifying company.
• BoSGE will normally co-invest in a maximum of two qualifying companies per Deal Leader during 2008.
• Investments can be completed during 2009 for deals that are formally agreed during 2008.
• BoSGE will rely on the Deal Leader’s due diligence and negotiations with the investee company.
• The Deal Leader will be the main contact for BoSGE and provide standard reporting and monitoring to BoSGE post-investment.

Role of the Investment Networks

Oxford Innovation’s investment networks link investors with selected companies with high growth potential who are seeking investment capital.

Our investment networks will present quality investment opportunities to our members and BoSGE through our regular investment meetings and special interest group meetings as well as on an individual basis.

Our investment network managers will co-ordinate the Co-Investment Programme and are available to assist investor members and BoSGE throughout the co-investment process.

Our investment networks will receive a standard success fee on completion of each co-investment.

To discuss the Co-Investment programme further, or to submit a business plan for review by TVIN or one of its associated Networks, please contact the TVIN Investment Network Manger on 01865 811167 or email Nicki Hattingh