ITSIG, OBN's Investment and Tax Special Interest Group, recently held a very well attended BioTuesday™ event at the Society of Chemical Industry in London.
Entitled 'An Insight into Investment Incentives for R&D Companies', the Group did an excellent job in delivering an informative and entertaining event, with good interaction with the audience throughout, followed by a lively networking session over drinks and canapés.
The audience heard an overview of the current UK funding environment, with a forecast that funding of life science unlisted companies is likely to run to £600 million by year end, similar to that seen in 2015.
There were also presentations and discussions around:
- The Enterprise Investment Scheme (EIS), a tax incentivised tool to encourage higher risk, less liquid equity investments
- Seed EIS for start-ups with smaller financial limits
- Issues relating to convertible debt
- R&D tax credits
- Patent box
- What investors look for
BioTuesdays are evening networking events which typically feature three or more speakers talking on a topic of business, finance or scientific interest, followed by up to two hours of networking over wine and canapés. These events usually attract between 70 and 120 delegates.
The next BioTuesday is on the 6 December at Gatwick (Worth) and will look at sources of non-dilutable funding and export support, more information here.