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New Low Carbon Seed Fund Launched

New Low Carbon Seed Fund Launched

18 October 2006 -- Imperial Innovations Group plc (AIM: IVO), one of the leading technology transfer and commercialisation companies in the UK, today announces a new £2 million fund, The Low Carbon Seed Fund, that has been established through £1 million from Imperial Innovations that was funded by a grant from Shell Foundation and through £1 million from The Carbon Trust.

The fund will invest in early stage UK companies which aim to develop clean or alternative energy technologies, including wind power, solar power, tidal power, fuel cells, biofuels and new materials.

As part of the agreement, Imperial Innovations will use its expertise to select potential opportunities that will fulfil the fund’s investment criteria and will prepare investment proposals for the fund’s selection. Investments will range between £50,000 and £250,000 and will usually be made at the seed or first stage financing rounds.

Susan Searle, CEO of Imperial Innovations said: “The launch of The Low Carbon Seed Fund is a very exciting opportunity for companies, in the Imperial Innovations spin-out portfolio and the wider renewable energy sector, that are seeking investment. We are delighted to work with two such highly regarded organisations and look forward to managing the pipeline of investment propositions.”

Chris West, Deputy Director of Shell Foundation said: “Despite the overall abundance of investment in the low carbon sector, there is a gap in the availability of skills and capital to support innovative growth-orientated companies at seed funding stage. Shell Foundation is pleased to partner with Imperial Innovations and The Carbon Trust in an effort to fill this gap. We look forward to working with Naiem Hussain of Imperial Innovations, in his role as fund services manager'.

Jonathan Bryers, Partner at Carbon Trust Investments, said: “The Low Carbon Seed Fund is an extension of the ongoing investment activities of the Carbon Trust. We have been investing in early stage clean technologies for more than four years, demonstrating that this sector offers significant business and investment opportunities. This fund will invest at seed funding stage into exciting clean energy technology companies with commercial potential and will be a natural investor for companies emerging from the Carbon Trust Incubator Programme. Taking these ideas from prototype to mass market is essential if we are to create a low carbon economy in the UK.”

For more information contact:
Imperial Innovations
Susan Searle, Chief Executive Officer +44 (0)20 7594 6591
Lucy Ahfong, Marketing Officer +44 (0)20 7594 6644

Patrick d’Ancona / Eleanor Williamson +44 (0)20 7153 1539

The Shell Foundation
Simon Bishop +44 (0)20 7934 2097
( )

The Carbon Trust
The Carbon Trust press office +44 (0)20 7544 3100

Notes to Editors

About Imperial Innovations
Imperial Innovations is one of the UK's leading technology transfer and commercialisation companies. The company was founded in 1986 and its ordinary shares admitted to trading on the AIM Market of London Stock Exchange plc in July 2006, raising £26 million. The company’s integrated approach encompasses the identification of ideas, protection of intellectual property, development and licensing of technology and formation, incubation and investment in spin-out companies. A wide range of technologies are commercialised within the areas of healthcare, energy, environment and emerging technology trends.

Based at Imperial College London, the company has established equity holdings in 58 spin-out companies and has completed 90 commercial agreements. Imperial Innovations also commercialises technologies originating from outside Imperial College through incubation contracts with the Carbon Trust and WRAP and has relationships with a number of multinational corporations.

Imperial Innovations has inves

Publisher Contact Information:

Imperial College Innovations Limited
+44 (0)20 7594 6591

Company profile of Touchstone Innovations (formerly Imperial Innovations)
Past press releases of Touchstone Innovations (formerly Imperial Innovations).


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