Venture Technologies has introduced the academic research partners venture capital trust (VCT) which aims to produce capital growth by investing in technology developed by four UK universities.
This VCT will concentrate on innovations in information technology, communications and advanced engineering that emerge from the research departments of Bristol University, Southampton University, University College London and Imperial College London.
The money raised by the initial share subscription will be invested in a mix of UK equity unit trusts and bonds before it is invested in developing technology.
Universities are increasingly on the lookout for partners in industry and a VCT is a good way of achieving this because the tax benefits they offer act as an incentive for investors. Investors with capital gains to reinvest and those looking for income tax relief could also benefit from putting money in the VCT for the 2000/2001 tax year and the 20001/2001 tax year.
Investors who err on the side of caution are unlikely to be thrilled by its focus on developing technology. But adventurous investors might consider the academic research partners VCT a worthwhile investment that brings fresh appeal to the VCT season.