A variety of sources exist and considerable amount of time and work should be spent to analyse your needs to find the fitting investor, but also prepare your business when meeting investors. Please find a guide on what investors are looking for and what to consider before approaching any investor and what a great pitch deck should contain: What investors are looking for
Sources of finance for life sciences businesses at all stages of development
University tech transfer offices
If you are affiliated to a university or academic health science centre, your technology transfer office should be your first port of call; they can provide advice and point you to seed funding within your institution.
Many grants are available from the public and charity sectors, and getting one de-risks the company further from an investor’s perspective, which helps to secure finance at later stages. Useful links include:
- Association of Medical Research Charities
- Biotechnology and Biological Sciences Research Council,
- Wellcome Trust
- Innovate UK
- Small Business Research Initiative for Healthcare (SBRI)
- National Institute for Health Research Invention for Innovation
- Innovation Connect
- Investion for Innovation (i4i)
- NHS Innovation Accelerator
Crowdfunding – equity and rewards based
Crowdfunding is a new and growing area – find out more from the UK Crowdfunding Association. It comes in two forms:
Rewards-based – where people fund your business or idea in return for rewards such as delivery of the first product, ability to name it, opportunity to see it in action, etc.
Equity-based – where people invest in your company in return for equity, a funding route that is becoming increasingly common in the healthcare sector. This gives you the opportunity to connect with potentially hundreds of thousands of prospective investors, some of whom may also be future customers. It is establishing itself as a useful alternative to angel or venture capital funding for start-up, early-stage and growing companies.
The UK has a great setup for supporting investors and angel investments have grown hugely over the years. With our in-house ‘Angels in MedCity‘ programme we are able to put investable businesses in front of our specialist network of investors.
The UK has a very active community of VC and we are able to connect you with the right VC firm.