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Minerva works to a not for profit objective and delivers its programme Pitch Up as Minerva Birmingham, (the replacement of West Midlands Pitchfest) which supports both startups and scaleups. It manages funds on behalf of public and private stakeholders providing equity finance to investees. Companies must be EIS/SEIS eligible.
The network is part of MedCity, a not-for-profit organisation set up by the Mayor of London in 2014 to encourage growth and investment in the sector. Typically investing between £25k and £500k, the not-for-profit network has invested £16m into 99 companies to date.
Dan McCrum - the Financial Times journalist - has released a blockbuster finance book - the story of Wirecard. But there is no logical reason you would take all this risk and share the profits - but not the risk - with distant shareholders. Bluntly being a mafioso is highly profitable and highly risky. It is really good fun.
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