NISPO Funds (E-Synergy Northern Ireland)

[Thomas]

(13-03-2011 09:41 AM)Stuart Wrote:  That's interesting and certainly worth applying for, however I think that we have to get a few things sorted before we do apply especially with regard to the structure of the team as no one is going to invest in us based on our current makeup.

Also if we were lucky enough to get £40k I don't think that this would be enough for 3 people to work full time unless you are thinking in terms of 6 months?

I phoned these people today to make a prelimary enquiry. They said as long as we have innovative new ideas that is the main thing but it is a VC group. So if we take their money we will have to forfeit equity. Given the stubbornness of the banks and government bodies we may not have much choice if we're to get this off the ground anytime soon.

She said to check out their 'invest growth fund' and to e mail our executive summary to fergus mcilduff once we're ready to apply. If they are interested they'll call us for an interview.