Standard Bank eyes bigger East Africa business
The bank aims to grow in the region by increasing internal business rather than through mergers...
The British Business Bank has pledged up to £46 million to Zinc Capital Management's Science-for-Impact Fund, a new deeptech investment vehicle. This commitment, made through the Enterprise Capital Funds programme, will bolster Zinc's strategy to back early-stage UK deep tech startups tackling critical health and environmental issues.
The Science-for-Impact Fund aims to secure a £70 million size and assemble a portfolio of 80 deep tech companies. Zinc, a specialist early-stage investor and venture builder, will utilize its hands-on approach, combining capital, expertise, and support for founders, to help these high-potential startups evolve into investment-ready businesses.
The investment aligns with the UK government's Industrial Strategy priorities in advanced manufacturing, clean energy, life sciences, engineering, biology, and AI.
Written by urgent.news from Tech.eu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
