Education Technology FundManaged By

• An “Evergreen” SEIS / EIS Fund that makes investments quarterly.

• Supports technologies that underpin true innovation across the entire Educational Technology (EdTech) arena.

• Provides investors with a balanced growth portfolio and potentially profitable exits at regular intervals.

• Focus on delivery of HMRC certificates.

• Valuable SEIS / EIS tax benefits covering Income Tax, CGT and IHT.

MilamberThe

Milamber is a team of EdTech specialist entrepreneurs building next generation companies. Milamber is not a venture capital fund nor a fund manager, but members of the team may invest in the companies that they introduce to the Fund.

Milamber has significant experience and an excellent track record, firstly in identifying companies

The Investment Opportunity This is an exciting opportunity from Innvotec Limited “Innvotec” to invest in the Milamber EdTech Fund (“EdTech” or the “Fund”).

As one of the longest established SEIS / EIS Managers in the Capital Growth sector, Innvotec is ideally placed to manage this exciting new Fund.

Similarly, Milamber Ventures Plc (“Milamber”) as a leader in the EdTech sector, is the ideal Strategic Partner for the Fund. Put simply, the focus of the Fund is to create a portfolio of high-value SEIS / EIS qualifying investments in EdTech companies that have been identified and reviewed by Milamber as part of the joint due diligence process.

Importantly, after investments have been made, Milamber principals will continue to play a key role in the on-going development of the companies and will oversee and help steer them to potentially very profitable exits.

The Fund will have a well-balanced portfolio, from both a balanced “risk perspective” and in terms of the targeted time to exit.

This should ensure that Investors receive a flow of returns after the third year of investment.

Valuable SEIS / EIS tax benefits coveringIncome Tax, CGT and IHT.

with realistic potentially disruptive EdTech initiatives and then, alongside the founders and Innvotec, helping to provide the necessary funds to maximise their chances of successfully developing the market opportunity.

Milamber aims to be involved at a very early stage in a company’s development, and typically seeks to nurture, grow and introduce

Strategic Partner - Milamber Ventures Plc

The Flux Innovation Lounge - Created by Milamber and Engage Works

Why Invest?In the crowded world of SEIS and EIS Funds, the EdTech Fund is innovative, whilst combin-ing both simplicity and transparency.

Reasons why investors should consider the Fund include:

• A capital growth fund that aims to make significant tax free gains across a portfolio of companies in a specific sector - Ed Tech.

• Innvotec is targeting a minimum of 120% return on the gross cost (i.e. after tax re-liefs) of investment across the portfolio.

• Ongoing active management of the port-folio companies, as provided by Milamber helps to reduce risk and enhance prospec-tive returns for Investors.

• It is at the earlier stages of commercial ex-ploitation that there is the greatest potential to generate significant capital appreciation. This is what makes the EdTech Fund such an attractive proposition.

• Milamber and its highly-experienced team helps builds businesses around proprietary technology that is at the “cutting edge” of EdTech, addressing the demand from mar-kets that are truly global.

• Milamber applies rigorous criteria when selecting technologies to exploit.

• The Fund’s objective is to build high-value companies capable of returning to Investors a significant multiple on the cost of each investment made and within a reasonable timeframe.

• The overall performance of prior tax effi-cient funds managed by Innvotec compares favourably against their peer group of EIS funds as well as the FTSE 100.

• The fees and structure of the Fund puts Investors and their interests first.

• An Investor obtains tax relief on 100% of his or her Commitment to the Fund.

• A performance hurdle for the Fund, only rewards the Fund Manager for delivering real and meaningful returns as opposed to rewarding mediocrity.

• Established in 1987, Innvotec has a proven track record in the EIS and SIES sector and is possibly the oldest, independent firm in the UK operating in the Capital Growth sector.

• Minimum investment of £5,000.

Overall, the Fund will provide Investors with a rare combination of experienced capital appre-ciation fund management and entrepreneurial excellence.

exciting new EdTech companies into lucrative international markets.

Milamber generates its own earnings from the Fund predominantly from the Performance Fees which result out of profitable exits from the individual portfolio companies. Through this operating methodology, Milamber directly aligns its own interests with

both the investors and the founders of the portfolio companies.

Examples of Companies / Investments with whom Milamber has worked can be found at www.milamber.co.uk

Fund ManagerInnvotec LimitedCorporate, Marketing & SalesPainters Hall, 9 Little Trinity Lane,London EC4V 2ADt: +44 (0) 203 026 1883e: enquiries@innvotec.co.uk

IMPORTANT NOTICEThis document is restricted circulation and has been prepared by Innvotec Limited (“Innvotec”), which is authorised and regulated by the Financial Conduct Authority. This document is only available to such persons who are permitted to receive the Information Memorandum (“IM”) dated November 2017 relating to an investment in the Milamber EdTech Fund (“the Fund”). This document has not been verified and is a summary of the investment opportunity and should be read in conjunction with the IM which includes more comprehensive information and risk factors relating to the potential investment. Any investment made should solely be on the basis of the IM. Distribu-tion of the IM will only be to those persons permitted to receive it pursuant to the Financial Services and Markets Act 2000 (as amended) (“FSMA”), Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and other applicable rules and regulations set out in the IM. This document should not be reproduced, copied or distributed without the consent of Innvotec and is not for distribution into any jurisdiction into which such distribution will be a violation of its securities laws. The Fund is not a collective investment scheme within the meaning of Section 235 of the FSMA. As the Fund is a hybrid Seed EIS/EIS, it is not subject to the restrictions placed on Unregulated Collective Investment Schemes (“UCIS”). The Fund is accordingly not restricted in being promoted to High Net Worth Individuals and/or Sophisticated Investors. All third-party trademarks and trade names are hereby acknowledged.

Find out moreThis document provides general details on this opportunity. An Executive Summary for the investment is available and full details are provided in the Information Memorandum which is available on request or at www.innvotec.com (subject to status).

If you are interested in this opportunity and would like further details, please contact your Financial Adviser or similar professional, or the team at Innvotec.

This investment is not suitable for all investors.

Innvotec Limited Admin & Client SupportSuite 310, Business Design Centre, 52 Upper Street, Lon-don N1 0QHwww.innvotec.co.ukt: +44 (0) 207 630 6990e: info@innvotec.co.uk

SEIS & EIS Tax BenefitsEach of the target companies will qualify for SEIS and / or EIS relief under the relevant legislation and tax relief will be based on 100% of Commitment.

Further information on Taxation can be found in the Information Memorandum and in Innvotec’s “Know More About: Tax Efficient Investing” Guide.

Professional advice should be taken when considering SEIS and/or EIS investments.

Legal AdviserBircham Dyson Bell LLPwww.bdb-law.co.ukt: +44 (0) 207 227 7000e: enquiries@bdb-law.co.uk

Strategic PartnerMilamber Ventures Plc94-96 Wigmore StLondon W1U 3RFt: +44 (0) 20 7183 6053e: invest@milamber.co.uk