Welcome to the fifteenth edition of Profile

Welcome to the fifteenth edition of Profile

It's been an exciting few months at SYIF with the launch of the pilot Seedcorn Fund and we've also completed our first Seedcorn deal.

The Seedcorn Fund means SYIF has £4.6 million to invest in early stage technology and knowledge-based businesses in South Yorkshire - and the fund will be run to test demand and trial a number of innovative approaches to deal development and portfolio management. For SYIF it fills a gap that we have had for investment in innovative, early stage pre-revenue businesses.

In this edition you can read about the recent Seedcorn Fund briefing event, held at the Innovation Centre, on the Advanced Manufacturing Park in Rotherham. If you attended the event, I hope you found it extremely useful, if you didn't and want more information on the fund, please call Jonathan Dixon, Deputy Chief Executive on 01709 386392 - or email jonathand@syif.com - for more details.

The first Seedcorn Fund deal we completed was with Sheffield company BiBCOM Ltd. I now look forward to seeing the business grow with the help of this funding.

This edition also shows a range of other businesses who have benefited from investments and loans from SYIF. We provide loan and equity linked investments, ranging from £15k to £2.5m, specifically to help small and medium businesses meet the gaps in funding they need for growth and development. If your company is requiring financial assistance, give us a ring on 01709 386377 or email us at info@syif.com and we can explain how we can help you.

I hope you enjoy reading this latest issue of Profile!

Tony Goulbourn
Chief Executive
South Yorkshire Investment Fund Ltd