The company has launched a $6m fund to provide public sector spin-outs with access to loans to invest in technology to improve health and social care services.
Local Partnerships has launched its Technology Spin-Out Fund, which will provide loans between £250,000 ($425,000) to £1m ($1.7m). The loans are aimed at helping spin-outs gain access to finance that would otherwise be unavailable to them in the commercial market. The company expects loans to be available from summer 2014 and to average £500,000 ($850,000).
To be eligible for a loan, spin-outs must have already launched and provide technology either to help deliver and improve health and social care services…
