Fledgling companies operating in the wireless technology sector are set to benefit from an additional source of funding, thanks to the launch of a new dedicated investment network.
Fledgling companies operating in the wireless technology sector are set to benefit from an additional source of funding, thanks to the launch of a new dedicated investment network.
‘With many venture capitalists abandoning the early-stage funding market we hope to bridge the investment gap for young wireless technology businesses,’ WirelessMatch chairman Steven Dotsch explains. The network, which launched this morning, aims to provide cash injections of between £50,000 and £1.5 million to firms operating in the wireless sector. Prospective companies will be pre-screened by Dotsch and his team, those approved will then be listed on the network’s website for investors to consider.
‘At this stage we have around 28 firms interested in a listing,’ Dotsch notes, ‘although we won’t accept companies simply because they feature the word “wireless” in their name.’
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