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FISHING FOR GLORY- CASIENT's 'SHOAL' TECHNOLOGY GETS GEIF SUPPORT When Cambridge-based Casient, the creator of state-of-the art wireless mesh-networking technology (Shoal), came to a Great Eastern Investment Forum angel network presentation day hoping to attract seed funding, its management team were delighted with the support and encouragement they received, both from the GEIF team and the GEIF business angels. They were even happier to see the GEIF angel funding matched by the GEIF Ventures Early Growth Fund, a £5 million fund established to co-invest with GEIF business angels into promising businesses. GEIFV is able to co-invest initially up to £100,000 and, if appropriate, follow up its investment with up to £400,000 after 9 months. "Getting funding was key to our development plans and the advice we received from GEIF in the run up to the presentation day was invaluable." said John Conaghan, MD of Casient. "We are now in a position to pursue our product development schedule and reach our first revenue milestones this year." Andrea Blakesley, director of GEIF, which is part of the NW Brown Group, said, "We are delighted that yet again GEIF's business angels have been able to help a local company fulfil its ambitions. A key element of the GEIF approach is to help companies seeking investment to prepare for the presentation day and make their business case as clearly as they can for potential investors". The next GEIF presentation day is being held on Thursday 16 September at the Q.ton Forum . Attendance is open to both GEIF members and non-members - for full details please email marie-france.vincent@nwbrown.co.uk or call Marie-France on 01223 467296. GEIF enquiries to Andrea Blakesley - geif@nwbrown.co.uk GEIFV enquiries to Max Bautin - geifv@geifventures.co.uk
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