The fund invests on the basis of anticipated capital growth and return. Prospective investees will have a strong sector focus on proprietary technology and innovation, are or will be based in the West Midlands region and will exhibit a majority of the following criteria:

(i) Growth and success is dependent on the development of one or more technologies;

(ii) There is evidence of significant technological innovation with regard to a commercial product;

(iii) Fall into one of the following 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.

(iv) Have a protected technology base (i.e. patents, patent applications, design rights);

(v) Have incumbent management and/or internationally acclaimed founder(s); and

(vi) Have a business with a well-defined strategy that appears capable of achieving capital growth and an exit for investors within 6 years post investment.