The British Robotics Seed Fund will close for investment on 31 March, 2017.
The fund is managed by Sapphire Capital Partners in partnership with High Growth Robotics. It claims to be the first investment fund specialising in UK-based robotics start-ups which focuses on delivering returns to investors by making targeted investments in promising UK-based seed-stage robotics companies wrapped within the tax-efficient SEIS.
As there are currently no specialist UK investment vehicles to provide financial backing and strategic support for early stage robotics companies with compelling business in concepts, the fund managers say that it offers investors a unique opportunity to participate in a selection of the most innovative and disruptive businesses that are exploiting the new generation of robotic technologies.
Each year the fund will invest in up to 12 robotics start-ups across a broad range of sectors including, construction, logistics, agriculture and domestic robots.
The fund managers help identify the investments and provide mentoring services to the robotics entrepreneurs and start-ups with which the fund works.
The British Robotics Seed Fund is open to professional, or sophisticated investors with a minimum of £10,000 to invest.
CEO of Sapphire Capital Partners LLP Boyd Carson said: “Robotics represents one of today’s most exciting investment themes and investors now have the opportunity to enhance their portfolio with a mixed basket of exciting early-stage robotics businesses whilst also befitting from the significant tax advantages of SEIS.”
CEO of High Growth Robotics Limited Dominic Keen said: “I genuinely believe that some of the world’s finest robotics businesses are currently being established in the UK and the British Robotics Seed Fund is ideally positioned to ensure that these companies are able to maximise their future success.”