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Survey seeks to strengthen links between finance and technology

The European Commission (EC) has awarded a research contract to MCS, a British firm, so it can investigate how to strengthen links between finance, innovation and technology.

MCS will explore the role of Business Angels in financing young high-tech enterprises and in helping ...
The European Commission (EC) has awarded a research contract to MCS, a British firm, so it can investigate how to strengthen links between finance, innovation and technology.

MCS will explore the role of Business Angels in financing young high-tech enterprises and in helping them to succeed. It will also examine how Guarantee Mechanisms support commercial exploitation of technological discoveries.

Over the coming 16 months, MCS will work closely with the EC's Innovation Programme to survey the current state-of-the-art across Europe and the USA. It will organise conferences at which interested parties can discuss issues and promote the uptake of good practices across the European Union and its associated states.

This appointment is part of the Commission's FIT (Finance - Innovation - Technology) Project, which promotes European initiatives in financing innovative technology. FIT tackles gaps in understanding between creative engineers or scientists, business angels or other venture capital sources, and government policy-makers.

The FIT project's website describes its policy and associated programmes:

http://cordis.europa.eu/finance/

Marc Verlinden, who manages the FIT project in the EC's DG XIII/D, praised the MCS proposal.

"MCS has a clear grasp of the important issues and offered a concise, comprehensive plan of work," he said.

Contributions are invited from informal investors, innovators, entrepreneurs and interested officials.

Comments or case histories for the FIT surveys of Business Angels or Guarantee Mechanisms may be sent by E-mail to: mcs.fit@netcomuk.co.uk or by fax to MCS: +44-1926-512477.

Source: MCS

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