EICM Offering
Milltrust International has established the British Innovation Fund (“the Fund”). Milltrust International LLP is the investment manager and Milltrust Agricultural Investments, a subsidiary of Milltrust International, is the advisor to the Fund. The Fund has so far received commitments of £30 million (approximately 40 million USD). The investment universe for the British Innovation Fund is British University Venture Funds and Spin-out companies emanating from British Universities. The Fund is focused on biotechnology, life sciences, agricultural technologies, healthcare, physics etc. The current portfolio allocation is split between 4 companies; Roslin Technologies (University of Edinburgh), Oxford Sciences Innovation (University of Oxford), PragmatIC Printing (backed by Cambridge Innovation Capital), and a diagnostics company which has spun out of a UK university.