Cambridge High Tech Cluster Backed By New £50M ‘Long-Term Finance' Fund

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http://techcrunch.com – There’s a bit more money sloshing around the U.K.’s high tech Cambridge cluster, thanks to a new fund that’s just been set up. The Cambridge Innovation Capital (CIC) fund has launched with an initial £50 million to invest, and a remit to help tech companies and startups focus on developing their ideas and technology — rather than having to divert energy to worrying about raising funding, accelerating revenue creation or flipping the business to please ROI-hungry investors. “CIC plans to invest the £50m over the next three years, and hopes to make its first i (IT news)