News & Press

New Model Venture Capital Ltd. Receives FSA approval

We received great news this week as FIG’s asset management company, New Model Venture Capital (NMVC) received full authorisation from the UK Financial Services Authority (FSA).

The approval by the national financial regulator signals the start of NMVC’s fundraising for the £5million FIG Concept Seed Fund.

The fund will invest in existing FIG seeds (e.g. WazokuScratch and SalesGossip) as well as new companies found through the RBS ESSA and RBS EnterprisingU competitions.

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