Tech 'unicorn' growth fund will be launched post Brexit, to aid startups worth more than £760M



A fund to pump cash into the most promising tech companies after Brexit could be set up by the Government.
The money would help finance a generation of so-called ‘unicorns’, companies worth more than $1bn (£760m), the Treasury said yesterday.
It is part of moves to ensure venture capital keeps flowing into Britain’s tech sector after the country quits the European Union following last year’s vote.
Industry figures say there is no shortage of talent but companies here often find it much harder to raise investment capital for expansions when compared to their rivals in the US.
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31 July 2017 in Business, Views: 46
Source: Daily Mail
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