NEEMFNorth East Early Music Forum (UK)
NEEMFNorth East Equity Matching Fund (Newcastle upon Tyne, England, UK)
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He said: We are delighted that NEEMF has again chosen Ward Hadaway to provide legal advice on one of its investments.
NEEMF, which fully invested its capital earlier this year, is operated by business development company Entrust and works by matching funding from private sector investors in selected North-East companies, thus effectively doubling the amount of investment the businesses receive.
As well as the investment in Advanced Modular Systems, Ward Hadaway has also advised NEEMF on a follow-on investment in mobile telecoms technology company Trackaphone.
NEEMF has an extensive range of companies in its existing portfolio which benefit from match funding.
TNL managing director Simon Dalton worked with NEEMF last November to secure an investment to allow TNL to develop and bring to market its vanguard product MercorTM.
NEEMF fund manager Bob Marris said: "TNL is an exciting software development company offering good products with worldwide potential.
NEEMF fund manager Bob Marris said: "We were keen to invest in a high quality manufacturer, with strong customer relationships and an experienced and dedicated workforce, which was fundamentally profitable and in administration through no fault of its own.
For more information on NEEMF, please contact the fund manager Bob Marris on (0191) 244-4000 or email b.
NEEMF is an Early Growth Equity Fund which provides equity to SMEs at the start-up or early growth stage of development.
NEEMF, which is managed by enterprise agency Entrust, introduced Tracka -Phone directors to business angel Martin Worth, a communications expert with a strong retail background.
NEEMF fund manager Bob Marris said: "This is a business with global applications across many market sectors.
NEEMF has also provided pounds 73,000 match-funding for the launch of a tiny satellite tracking device from GlobalPoint Technologies, of North Shields.