The Mercia Technology Seed Fund is a circa £12.8m seed fund benefiting from public and private investors. The fund will specifically target high growth, proprietary technology-backed opportunities based in the West Midlands region and is managed by WM Enterprise through its Birmingham office. The fund will typically invest in opportunities that are post proof of concept, often pre-revenue, but with demonstrable commercial interest in the technology under development. The fund will typically invest between £50k and £250k, with the potential to invest up to £750k.

The fund, although not exclusively, will focus on 5 key sectors:

• Medical Health Care Technologies (medical devices, biopharmaceuticals, pharmaceuticals and bioscience) and related services;
   
• Advanced Materials (novel, sustainable, high performance materials);
   
• Environmental Technologies (energy and resource efficiency);
   
• ICT (including Digital Media); and
   
• Transport Technologies.