LINC and YCF join forces
02 February 2011
LS Ventures, LINC’s new commercial subsidiary, has signed an agreement with Young Company Finance to license all YCF’s activities in Scotland.
These include the monthly publication Young Company Finance, the website www.ycfscotland.co.uk, and the popular annual conference now in its ninth year. As part of the agreement, YCF’s editor Jonathan Harris is appointed Director of Research and Communications at LINC Scotland.
The deal brings together two organisations which have been at forefront of the early stage high growth company sector in Scotland over many years as independent observers and supporters. LINC is keen to be responsive to the wider context in which business angels operate, and help its members to understand and connect effectively with other early stage funders. YCF brings this wider perspective to LINC, as well as a business research capability which will assist LINC in developing its plans for extending its scope. In turn, YCF will benefit from the guidance and support of LINC’s board, and from additional administrative resource.
Both parties to the agreement are intent on maintaining their impartial and commercial focus. LINC is itself a private sector non-profit and does not act as investment adviser to any party but rather plays an underlying 'soft infrastructure' role in supporting the development of the business angel marketplace and representing members' interests at Scottish, UK and International levels. Its new LS Ventures subsidiary gives LINC the vehicle to extend its commercial activities to meet future opportunities in the wider early stage investment context.
YCF has always been a wholly commercial operation, generating its income mainly from subscriptions to the monthly publication and from delegate fees and sponsorship for the annual conference, as well as some consultancy and research fees.
YCF was started in March 1998 by entrepreneur and corporate financier Gavin Don, now Visiting Professor at the University of Edinburgh’s Centre for Entrepreneurship Research. Jonathan Harris acquired the business in 2000, and has built it to include special reports on industry sectors (to date covering Life Sciences, Digital Entertainment, and Renewable Energy), the annual conference, and the consultancy and research services.
YCF’s annual conference this year will be held on Thursday 15th September at the Stirling Management Centre, with the theme Profiting from innovation. The event has proved popular, having been fully booked on every occasion since its first year. As the first fixture in the sector after the summer break, it is particularly welcomed for its excellent networking opportunities, and delegates - entrepreneurs, investors, advisers, academics and others – have also enjoyed the mix of presentations, from young companies, investors, and analysts, all tackling a broad theme from different angles.