Manchester Tech Trust Angels is a new angel network which has been established by Manchester Tech Trust to address a requirement for early stage funding for technology businesses in Greater Manchester (GM) and the North West.
When Manchester Tech Trust was set up as a charity in 2015, we recognised that despite the rapid development of the tech sector in GM, it was still difficult for start-ups to access funding from knowledgeable tech investors. This lack of visible ‘smart money’ contrasts with the fact that GM has many successful technology entrepreneurs and investors, however, historically, many of their investments have been made privately.
For their part, angel investors were telling us that they were looking for a better way to combine with other like-minded investors who they trust, under an effective umbrella organisation which managed deal-flow and maintained their privacy.
Our aim, therefore, is for Manchester Tech Trust Angels to be an accessible source of angel investment for GM providing both funding and expertise to its portfolio companies, as well as a profitable vehicle for angels to invest through.