Member News

The Yorkshire Association of Business Angels (YABA) has today announced its intention to become the pre-eminent investor network in the north of England, by launching a new suite of investment services for business angels and corporate investors.

Says YABA Chairman, Andrew Burton: “Our membership has grown rapidly in recent years, and we’ve reached a size that allows us to introduce a more sophisticated offer to both our membership and to those companies looking for finance. YABA is evolving, and these are exciting times.”

A new service to appraise commercial opportunities arising from university research in the region is being trialled by the Yorkshire Association of Business Angels (YABA).

The aim of the new Commercial Evaluation Service is to co-ordinate discussions about specific new technologies, products and services between business angels – acting as business experts – the academics and the University’s commercialisation managers.

Following Camstent’s presentation at the YABA Investment Forum in November 2010, the company has announced the close of its first funding round – and it includes six YABA members.

In total, the company has raised £350,000 to further develop its novel medical device technology, with the YABA members’ investment accounting for a third of this finance. Other investors included members of the business angel communities in Cambridge and London.

Medical materials company Camstent Ltd has received significant investment from six members of the Yorkshire Association of Business Angels.

In total, the company has raised £350,000 to further develop its novel medical device technology, with Yorkshire business angel investment accounting for a third of this finance. Other investors included members of the business angel communities in Cambridge and London.