Cambridge Innovation Capital describes itself as "an investment fund that invests in high-growth technology companies, led by an experienced investment team, an outstanding board and advisory panel of leading scientists and entrepreneurs." With managers and advisers drawn from academia and industry as well as finance the fund aims to invest £50 million in companies based in Cambridge over the next three years.
The fund announced its first three investments on 12 Aug 2014 (see "Cambridge Innovation Capital announces first three investments from its £50 million Cambridge Cluster fund" 12 Aug 2014). They include:
- £1.5 million in Cambridge Imaging Systems to develop "cloud-based and on-premise software that enables owners of video to archive, deliver and bill for content";
- £1.25 million in Origami Energy to develop a platform for the intelligent active management of distributed energy assets; and
- £100,000 in Jukedeck to develop software that enables to create their own music for use in video games, films and other applications.
I shall watch those companies and Cambridge Innovation Capital's other investments and report on their progress from time to time.