Hand sanitizer and surface cleaner company Byotrol had a strong 2020 and are confident about 2021 Watch Now

Less Ads, More Data, More Tools Register for FREE

IN BRIEF: Frontier IP Investee Nets Investment From UK Government

Wed, 16th Sep 2020 18:20

Frontier IP Group PLC - intellectual property commercialisation firm - Notes investee Nandi Proteins Ltd has raised GBP720,000, which includes GBP360,00 from the UK government's Future Fund.

"The investment from the Future Fund, which was established to support innovative businesses through the Covid-19 outbreak, has been matched by GBP320,000 from the group and GBP40,000 invested by Shackleton Finance Ltd, which specialises in secondary venture and development capital investments. Frontier IP holds a 20.1% equity stake in the Nandi. Shackleton is also an existing shareholder," Frontier said.

Nandi is collaborating with a number of industry partners to commercialise its novel process control technology to create ingredients based on animal and vegetable proteins able to replace chemical additives and fat in processed foods.

Current stock price: 64.00 pence

Year-to-date change: down 3.0%

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

Related Shares

More News

IN BRIEF: Frontier IP Investee Nets Investment From UK Government

IN BRIEF: Frontier IP Investee Nets Investment From UK Government

16 Sep 20 18:20

UK invests in Frontier IP's Nandi Proteins business

(Sharecast News) - The UK government has invested £360,000 in Frontier IP's portfolio company Nandi Proteins to support its efforts to replace chemical additives and fat in processed foods.

16 Sep 20 10:22

Frontier IP's Nandi Proteins gets Future Fund investment

(Sharecast News) - Intellectual property commercialisation specialist Frontier IP said on Wednesday that its portfolio company Nandi Proteins has raised £0.72m via a convertible loan, including a £0.36m investment from the UK Government's 'Future Fund'.

16 Sep 20 09:35

UK TRADING UPDATE SUMMARY: Henry Boot Unit In Voluntary Liquidation

UK TRADING UPDATE SUMMARY: Henry Boot Unit In Voluntary Liquidation

14 Sep 20 17:21

Login to your account

Don't have an account? Click here to register.