SE pulls out of business incubator SALE: INVESTMENT

From: The Sunday Herald | Date: July 20, 2008| Author: Steven Vass | Copyright information

SCOTTISH Enterprise has sold its longstanding stake in a business incubator tied to Strathclyde University as part of a move away from equity investment in fields other than venture capital funds.

Gill MacAulay, managing director of Strathclyde University Incubator (SUI), which currently houses 19 start-ups mostly in the technology sector, said sale and return of loans, worth around GBP340,000, removed the risk of confl icts of interest through SE's partnership with SUI's Upstarts vent...

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