TIGA & Rivers Capital Partners to hold Investment Pitch Event for North East Developers on May 8th 2014 in Newcastle

By April 24, 2014 Press Releases

TIGA, the network for developers and digital publishers in the UK is offering game developers in the North East the chance to pitch for funding from a £100,000 investment pot being managed by Rivers Capital Partners.

The event will be held on the 8th May 2014 at Rivers Capital Partners offices in Newcastle. Local games business will have a 30-minute meeting in which to present their projects and request between £5,000 and £20,000 investment from the North East Angel Fund. During the session developers will be asked to provide a 15-minute presentation on their company and answer approximately 10 minutes of questions from the Rivers Capital Partners panel.

To qualify, games businesses just have to be based in the North East and can reserve a slot on a first-come-first-served basis by emailing info@riverscap.com. An NDA will also be provided for participants to sign prior to the event.

Dr. Michael Dickens, Investment Manager for Rivers Capital Partners, commented:

“We’re very pleased to be able to work with TIGA and support North East business, game developers and digital publishers in this way. There are some fantastic businesses in this region of the UK so it’s great to be able to shine a spotlight on the area, and provide the backing to so many high growth potential games related businesses to get going and prosper.

“Rivers Capital Partners takes a very flexible approach to funding, we support companies at any stage of growth, in a whole range of sectors and can offer a range of funding mechanisms from pure equity to a straight forward loan, and everything in between. We are also very agile, as we manage the process in-house, on average the companies we support have the funds within just four weeks.”

Dr. Richard Wilson, CEO, TIGA, added:

“TIGA concentrates on strengthening the game development and digital publishing sector, in particular by saving games businesses money and improving their access to finance. Raising finance is one of the biggest challenges facing UK games businesses. Helping developers meet investors on a one-to-one basis, providing developers with practical financial information and delivering pitching advice is a top priority for TIGA.

“Rivers Capital is a great partner for us to work with and we’re delighted that they can offer this valuable investment opportunity to games businesses in the TIGA network. As a company run by entrepreneurs for entrepreneurs, the Rivers Capital team really understands what it’s like being on the other side of the table, trying to build a business and pitching for finance.

“Given the speed at which Rivers Capital can turn around funding, the flexibility and openness of its approach, and its track record of having invested in 45 North East businesses already, I urge our members and any other interested developers to come along on the 8th of May and explore this fantastic funding opportunity.”

 

-ends-

 

About TIGA

TIGA is the trade association representing the UK video game industry. We help developers and digital publishers build successful studios, network with the right people, save money and access professional business advice.

We also have traditional publishers, outsourcing companies, technology businesses and universities amongst our membership. TIGA is 90% funded by independent UK businesses. 80% of our board members are developers and/or from UK owned businesses, and 50% of our board are UK business owners themselves. Since 2010, TIGA has won 16 business awards. TIGA focuses on three sets of activities: 

  • Political representation
  • Media representation
  • Business services

This enhances the competitiveness of our members by providing benefits that make a material difference to their businesses, including a reduction in costs and improved commercial opportunities.

It also means our members’ voices are heard in the corridors of power and positively represented in national, broadcast and UK video game trade media.

Get in touch:  

Tel: 0845 468 2330

Email: info@tiga.org  

Web: www.tiga.org 

Twitter: @TIGAMovement

Facebook: www.facebook.com/TIGAMovement 

LinkedIn: http://www.linkedin.com/company/tiga   

For further information, you can also contact:  

Dr Richard Wilson, TIGA CEO on: 07875 939 643, or email: richard.wilson@tiga.org

Drew Field, TIGA Communications Director on: 07720 643 344, or email drew.field@tiga.org

 

About Rivers Capital Partners

Founded by John White, Jonathan Gold and Peter Hiscocks, Rivers Capital Partners is an independent venture capital management company. The company offers an entrepreneurs approach to venture capital, all the founders have set up and managed their own businesses. Rivers Capital Partners is authorised and regulated by the Financial Conduct Authority (FCA no: 519469).

More information can be found at www.riverscap.com

About the North East Angel Fund

The North East Angel Fund is a £7.5m fund which invests in start-up and existing businesses with growth potential and is part of the Finance for Business North East suite of funds.

About North East Finance and the Finance for Business North East (or JEREMIE) Fund

North East Finance (NEF) is the holding fund manager of the £125m Finance for Business North East (FBNE) programme: a suite of seven venture capital and loan funds which NEF established in 2010. The funds, which provide investment for start-up and growing businesses in the North East of England, will continue investing until 2015 and aim to support 850 companies and to create or safeguard over 7,500 jobs.

NEF oversees the delivery of the seven funds, each of which is managed by an independent, FCA regulated fund management company. Details of these, and up to date information on the progress of the FBNE programme, is available on NEF’s website: www.northeastfinance.org As well as providing funding options to businesses finding it difficult to access mainstream finance in the current economic climate, the FBNE programme aims to help stimulate new business creation, private investment in business and entrepreneurialism in the North East.

The FBNE programme is funded by the North East of England European Regional Development Fund programme, the European Investment Bank and the UK government. It was established under the JEREMIE initiative: a joint initiative of the European Commission and the European Investment Bank which stands for Joint European Resources for Micro to Medium Enterprises.

The Chief Executive of North East Finance is Andrew Mitchell and the organization has an Advisory Board which includes highly experienced venture capital and finance professionals from across the UK.

Contacts

North East Finance

Andrew Mitchell, Chief Executive                                                    0191 211 2300

NEF’s PR agency: MHW PR Ltd, Wayne Halton                           0191 233 1300

wayne@mhwpr.co.uk

About the European Regional Development Fund:

The Angel is part of the Finance for Business North East project – which is part financed by the North East of England European Regional Development Fund Programme 2007 to 2013. The Department for Communities and Local Government is the managing authority for the European Regional Development Fund Programme, which is one of the funds established by the European Commission to help local areas stimulate their economic development by investing in projects which will support local businesses and create jobs. For more information visit: www.gov.uk/browse/business/funding-debt/european-regional-development-funding

Contact:

Alison Laggan, ERDF Communications Adviser                           Tel: 0303 444 6460

 

 

 

Cookies

We use cookies on our site to track activity and visitor numbers - please help us by allowing us to use them on your visit.