VC
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Consumer goods giant Reckitt Benckiser has launched a joint venture with start-up hub Founders Factory to invest in up-and-coming entrepreneurs. The FTSE 100 firm said it plans to build 10 new start-ups “from scratch” in the business incubator, as well as bringing in 25 existing businesses to help them grow. Reckitt signs deal with Founders…
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Stephen Welton, who runs Business Growth Fund, the UK’s most active investment vehicle, has questioned the business model of Britain’s venture capital firm. The total amount of VC money invested in Britain rose by 37pc to £4.4bn over the first six months of this year, according to KPMG.However, venture capitalists are shying away from investing…