MAR 14

Linc Scotland Appoints Kelvin Capital Founder John McNicol To The Board

LINC Scotland has announced the appointment of John McNicol, director of Kelvin Capital, to the board. Industry representation on the board of the national association for business angels in Scotland is by rotation to take account of the geographical origins and types of member groups.   Kelvin Capital replaces the Barwell Group as the west of Scotland presence on the LINC board.

John is delighted to be joining the LINC board at an exciting time of growth for Scotland’s angel community. “The formation of new angel groups and amount of investment in early-stage companies is on an upward trajectory.  Equally Scotland’s reputation of being at the forefront of angel investment continues to grow internationally.  I look forward to working with the board to ensure high potential start-ups, as well as the wider Scottish economy, continue to benefit from angel investment.”  

 For more information:

FEB 14

Plan Bee Win Silver Fox Of The Year Award 2013

"The judges loved the concept of Plan Bee and its ethical, environmental, and community focus. They were impressed by Warren’s personal drive, contracts with Balfour Beatty and Glasgow’s Commonwealth Games, and its solid plans for growth – as well as the ‘bee’spoke honey pots for corporate clients."

Plan Bee Is The Latest 2014 Legacy Project

The Scottish Secretary, Alistair Carmichael  visited Lourdes Secondary School in Glasgow to launch a scheme by eco-innovation company Plan Bee.

Scottish Secretary Alistair Carmichael said:

"I’m pleased to have been part of the Plan Bee project launch. It is exactly the sort of innovative thinking that we have seen and now come to expect from the Commonwealth Games. There are only positives that can come from schools educating their pupils about the importance of biodiversity."

AUG 13

Kelvin Capital Invest in 10 Hives from Portfolio Company Plan Bee

Plan Bee have recently placed 10 hives for Kelvin Capital in the Ardnamurchan Estate, Argyll in the West Highlands of Scotland.

Everyone at Kelvin Capital is delighted to be supporting Plan Bee, and is looking forward to the first crop of honey.

"For so work the Honey Bees, creatures that by a rule in nature teach the act of order to a peopled kingdom." - William Shakespeare

MAY 13

Waveblade Completes On a Further 610k Funding Deal

Waveblade has now raised more than £1.1 million from Glasgow based angel syndicate Kelvin Capital and the Scottish Investment Bank unit of economic development agency, Scottish Enterprise since September 2012.

Part of the latest £610,00 of funding has been ring-fenced to help finance a trial project with amajor global oil and gas company to test Waveblade products on sub-sea pipes.

Waveblade is about to hit the US and global market. Designed for the marine sector and based on a patented wave technology, Waveblade is the world's first submersible handheld power tool to remove fouling and growth from boat and submerged surfaces.

FEB 13

Scottish Enterprise Life Sciences Awards 2013

Best New Life Science Company in Scotland - I2eye Diagnostics Ltd

Having developed the world's first visual field analyser for the patient groups whose visual field was previously impossible to test, I2eye is targeting an immediate market estimated at £500 million and looking to exploit further market potential of £15 billion.

The company has already started shipping products to customers less than ten months after starting commercial operations.

I2eye Diagnostics Ltd is a Scottish Enterprise High Growth Support Unit assisted company and is one of 12 companies that won a Scottish Enterprise supported place on the prestigious Entrepreneurship Development Programme at the Massechusetts Institute of Technology in Boston.

I2eye's chief executive was on the winning pitching team last week from a cohort of over 100 chief executives from around the world.

Peter Estibeiro, I2eye's chief executive said "I'm very proud of all we have achieved in the last year, it would not have been possible without the dedication of my colleagues in the company and the support we've received from Scottish Enterprise, the Edinburgh BioQuarter and our investors led by Kelvin Capital. We are absolutely delighted to have been chosen as best new company."

Below is a video of Alex Salmonds visit to the Edinburgh BioQuarter which features I2eye Diagnostics Ltd.

OCT 12

Waveblade Completes On £550k Funding Deal

New company Waveblade Ltd has raised £550k in a deal with Glasgow based business syndicate Kelvin Capital and the Scottish Investment Bank, a division of Scottish Enterprise.

Waveblade is about to hit the US and global market. Designed for the marine sector and based on a patented wave technology, Waveblade is the world's first submersible handheld power tool to remove fouling and growth from boat and submerged surfaces.

OCT 12

Kelvin Capital Invests £3million Into Eight New Scottish Enterprises

Kelvin Capital, a business angel syndicate based in the West of Scotland, has committed £3million towards investment in eight brand new Scottish businesses.

The angel syndicate finalised two deals in September 2012 with another six due for completion by January 2013, contributing significantly to Scotland's economic growth in a number of important sectors.


First Investor Event

Kelvin Capital held its very first Investor event on July 17th at the Blytheswood Hotel. This was a highly enjoyable evening for all who came along.

We had representatives from 4 of our portfolio companies, Viopti, WaveBlade, I2eye and Oplight. Each company gave a little pitch on their product to the audience that was made up of Kelvins members, friends and future investors. This is now going to become a regular event on Kelvins calendar to keep our investors up to date with our portfolio companies.


Mode Diagnostics

Kelvin Capital is pleased to have supported with the funding needed by Scottish based company MODE Diagnostics for further development of their products. In placing this investment we can now add Mode to our list of exciting investment portfolio companies.

MODE Diagnostics is a University of Glasgow spin-out company, which has recently secured a further £975,000 equity investment together with £136,000 in business and R&D regional grants. This funding will support the Company's development of novel health screening products for use in the home.

The health and wellness screening products being developed by MODE are overcoming the significant technical challenges of this market and are being designed to allow consumers to check themselves for early indications of a range of diseases including various cancers and infectious diseases.

The fund-raising attracted a strong portfolio of investors including return investments from IP Group plc and Scottish Investment Bank. New investors included London based Parkwalk Advisors, Glasgow University Holdings, current Directors and Management and the syndicated investor Kelvin Capital.
Mode Diagnostics, Press Release 2nd July 2012

The recent funding for Mode was also covered by The Scotsman, The Herald and Business 7. Take a look at the links below:

• £1m cash raised to fund Mode's new home testing medical kits for cancer - The Scotsman

• MODE wins £1.1m funding for health screening plans - The Herald

• MODE Diagnostics raises £1.1m for product development - Business 7


Scottish Technology Showcase

Kelvin Capital shared a stand with Wideblue (one of our associate companies) at the Scottish Technology Showcase at the SECC in Glasgow.

The Scottish Technology Showcase brings together over 1500 delegates, 150 exhibitors and 20 industry speakers from all over Scotland, UK and internationally to meet, listen, discuss and showcase how technology can offer solutions to business challenges, in all industry sectors.

We had a busy day meeting new people as well as a number of old friends from our portfolio companies and associates. The highlight of the day was having the honor of John Swinney MSP, Cabinet Secretary for Finance, Employment and Sustainable Growth visit our stand.