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Portfolio Companies Among "50 To Watch" January 2004, Cambridge UK. GEIF Ventures, a £2.5 million fund set up within NW Brown Group in April 2003 to co-invest alongside business angels has announced that four of its investee companies have been named in the Real Business™ 2004 "50 to Watch". Innovation, original concept, fresh approach and bold and interesting people were among the judging criteria considered. Out of 400+ companies nominated, GEIF Ventures portfolio companies Artimi, OnRelay, Quotient Diagnostics and Reality Telecom were named among the 50 brightest hopes in the UK today. Max Bautin, who manages GEIF Ventures, said: "I am very pleased to see that the quality and potential of our portfolio companies is well recognised by the professional community." Continuing the accolades is GEIF Ventures' pub-restaurant chain investee Spice Inns, which has been shortlisted for the "New Publican of the Year" Award, results to be announced shortly. Bautin added: "We are equally pleased that it is not only the high tech companies that are excelling. Recognition such as these continues to demonstrate the sound investment decisions of the business angel community." GEIF Ventures has invested c£600K to date in six seed and early stage companies in the technology and 'traditional business' sectors, and expects to be announcing 2 more investments in the next couple of weeks. For more information on GEIF Ventures, please contact Max Bautin at GEIF Ventures on 01223 357131 |
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