i2india Holdings Ltd, a technology commercialisation and investment firm focused on creating commercial value out of intellectual property created in India, has raised £1.5 million ($3.09 million) in seed funding from individual investors like DS Brar and Donal Peck of Actis. i2india is the Indian arm of UK’s Imperial Innovations Group Plc, a company based out of Imperial College London and listed in the Alternative Investment Market of London Stock Exchange. Imperial Innovations, which has equity holdings in 74 technology businesses, will hold 35 per cent stake in i2india Holdings.
Susan Searle, CEO of Imperial Innovations, joins the board of i2india as a director alongside Chris Mathias, an entrepreneur and co-founder of Conduit Communications, a software and web development company. The seed funding for i2india was raised from a group of investors which include Imperial Innovations, Chris Mathias, and i2india’s advisory board members such as DS Brar, Chairman of GVK Biosciences Ltd, Donald Peck, Managing Partner of Actis India, and Graham Wrigley ex-senior partner of Permira, Imperial said in the statement.
i2india would focus on the IP arising from a range of Indian research institutes, universities, research organisations and corporations, organisations with which Imperial Innovations and Chris Mathias, Chairman of i2India, have strong relationships, the release added.

Posted on 11/27/07, 10:03 PM
in: Deals, Early Stage/Angel, Technology
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