RisingStars Growth Fund II LP Early-stage Technology Investment Dr Mark Rahn Meet the Investors 4th March 2008

2 Introduction Enterprise Ventures is a fund management company Investment focus in the North of England Funds under management:- –RisingStars – Early-Stage Technology >£250k - £1000k –Coalfields – Generalist Enterprsie Fund ~£500k –Rosebud – Generalist Lancashire Fund - £5k - £500k Offices in Leeds, Manchester and Preston. Also located in Rotherham with the South Yorkshire Investment Fund 9 investment managers

3 Technology Funds Three dedicated technology funds under management:- –RisingStars – £19m, fully invested and managing the portfolio –RisingStars II - £14 and currently investing –South Yorkshire Seedcorn Fund – £2m and currently investing RisingStars II is 100% commercial money South Yorkshire Seedcorn Fund co-invests with RisingStars II on deals in South Yorkshire ~40 deals to date: typical £ k first round commitment We follow our money from proof of concept, through commercialisation and to exit

4 Julian Viggars (Head of Technology Investment) Edward French (Software) Mark Wyatt (Green and Med tech) RisingStars team Mark Rahn (semiconductors, materials and instruments)

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7 What does RisingStars look for? Commercial return - Market opportunity –Large market (>£200m) –Favourable tail wind Growing or emerging market, A well recognised problem or pain, technology disruption –Scaleable business model –Barriers to entry (behind you)

8 Commercial return – value for money –Low cash burn before the concept is proven –Business description that identifies an opportunity –Plan that addresses the key risks People Technical Commercial What does RisingStars look for?

9 What does RisingStars contribute? Money We look to build a high calibre team –A good team can be assembled around a good idea –RisingStars has recruited scores of CEOs, NXDs and Chairmen. Access to contacts / market intelligence Birds-eye view of the early-stage technology space Hands on support where necessary

10 We Invest in technology Happy to invest at proof of concept stage Bright people with bright ideas To make things happen mark. enterprise-ventures.co.uk Please contact us………