Oxford Technology Management’s Post

Today, we want to tell you about the other three #technology #startup #companies recently added to our portfolio, which highlight the exciting #science you can expose yourself to by investing in our fund. Metacarpal Ltd. The idea here is to design and manufacture a better #prosthetic #hand. Slightly unusually for us, our SEIS investment of approx. £87k (so £43.5k after tax), was part of a larger investment round of £783k. The aim is to finalise the production model and to make initial sales directly to #clinicians in the US. The price of each hand to the end user (typically paid by insurance) is $10,000.    MetalloBio. We made an SEIS investment of £55k in this (so £27.5k after tax). This is a restart, following the death from cancer of the young founder, of a business to develop an #antibiotic based on a metal complex, which will be effective against #bacteria which have developed #resistance to existing antibiotics. A key clinical study of 240 clinical isolates involved in complicated urinary tract infections (cUTIs) showed that all of these were susceptible to treatment by Metallobio’s lead compound. The company has recently received notice of the grant of its first patents.    Digistain®. We made an SEIS investment of £69,821 (so £35k after tax) to help get this company started. The company offers a service to clinicians to determine whether a patient who has had #breast #cancer #lumps removed would be helped or harmed by post-operative #chemotherapy. Since the investment, the company has had its lab certified (ISO 13845) and has also signed a deal with BUPA to supply its service to BUPA's patients. It has also achieved its first sales which are now growing monthly. In all the above cases, the losses if the companies do not succeed will be small, but the gains if they succeed could run to £ms and will be #taxfree. So please consider #investing in OT(S)EIS. Min £15k. The investments are interesting and we send you a quarterly report with a page of information on each of your investments and a valuation statement. Further steps can be found at https://lnkd.in/ds6CcfT4 and the full risk warnings can be found at https://lnkd.in/eV8yxwey.   The risks for each individual investment are high, and if an investment fails, there is unlikely to be any return to investors at all, apart from the initial tax reliefs and also the #lossrelief which can then be claimed against #incometax. But an investment in OT(S)EIS gets you a portfolio of 5 or 6 #SEIS investments so the risk is spread. All investments are GT free after 3 years or IHT free after 2 years so an investment in OT(S)EIS is sensible from a tax planning viewpoint. The ownership of the shares can simply be transferred to heirs and the proceeds of sale can then be paid directly to them. The investments are long-term and the gains up until the date of death are tax free. Additional gains after this will be taxed. But this will be a nice problem to have!

To view or add a comment, sign in

Explore topics