Investment Criteria

HBA applies investment criteria in selecting entrepreneurs to present at the regular meeting of HBA investors. The criteria include:

UK registered company: registered office in the UK

Raising £50k - £250k: in return for equity

SEIS/EIS eligible: UK based angels will want to have companies approved by HMRC

Industry specialisation: most sectors considered

Strong management team: track record in company-specific industry or new venture development

Highly attractive market: large and growing accessible market

Funds used for growth: must show how funds will be used to increase the company’s value

High growth potential: opportunity to scale business model rapidly, both within the UK and internationally

Sustainable competitive advantage: idea is better, cheaper or faster than competition

Attractive financial return: meet expectation of >10X within 5-7 years

Evidence of customer traction: venture is revenue generating or close to generating revenues

Clear exit in medium term: typically via trade sale or IPO

How does the investment process work?

We have more information on how an investment is made in the funding process section.

If you think that you meet the above criteria and you would like to apply to HBA for funding, we will welcome your application – please submit your executive summary or business plan via the ‘Apply for Funding’ link. The link will take you to a form, which you will need to complete and submit.