Cambridge Innovation Capital is expected to blast past its goal for its second fund currently being raised.
In a private lunch held at the Global Corporate Venturing Symposium in November 2021, Gerry Grimstone, minister for investment at the UK’s Department for International Trade (DIT) and the Department for Business, Energy and Industrial Strategy, asked the assembled guests, including the global chief investment officer for BlackRock Alternative Investors, the general manager of Sumitomo Europe and head of corporate development in Europe for Amazon their asks.
The responses were varied and often around a more consistent, long-term planning process for inward investment, especially with the new National Security Investment Act (NSIA) coming into force in January. The act requires minority investments in sensitive sectors to be reviewed before clearance, similar to the US’s CFIUS and FIRRMA regulations.
Lord Grimstone had promised clarity and speed in his earlier keynote discussion at the 10th GCV Symposium but also the prospect…
