Acquisition
Braveheart, a Scottish technology commercialisation and investment management company, has acquired Inkopo, a specialist investment business based in Harrogate, Yorkshire, UK, for up to £1.31 million.
Inkopo specialises in technology investing, and Braveheart says a fit exists between the two businesses in terms of management expertise, service offering, clients, relations with academic and publicly-funded bodies and geographic coverage.
In particular, Inkopo's relationships with academic and public sector bodies in the North of England broadens access to potential portfolio companies.
Inkopo was formed in 2002 through the management buy-out of UniVentures, the technology transfer arm of Leeds Metropolitan University. The buy-out was managed by Andrew Burton, then CEO of UniVentures and now Inkopo’s CEO, who then expanded the company’s activities to meet the needs of early-stage, technology-based companies. In 2004, Inkopo won a contract from central government to operate one of eight regional Early Growth Funds, the Viking Fund, and subsequently, its not-for-profit sister company, Viking Business Angels Club Limited.
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