Brainspark PLC
3 January 2001
Brainspark plc announces strategic relationship with
Royal & SunAlliance
London, January 3rd 2001 - Brainspark plc, the incubator focussed on
germinating and developing internet and technology related businesses, today
announced its plans to work with Royal & SunAlliance's Global Ventures
division. The relationship is intended to help both parties to co-operate in
new business sourcing and the delivery of incubation services.
The two companies believe they possess complementary skills and networks and
harnessing these would create new business opportunities, specifically in the
areas of technology and financial services.
The relationship has developed out of a series of discussions between Stewart
Dodd, CEO of Brainspark and Stuart Degg, CEO of Global Ventures.
Stewart Dodd said 'We see enormous potential in being able to work together
with Royal & SunAlliance to explore innovative new business models in the
field of technology and financial services.'
Stuart Degg commented 'In developing Royal & SunAlliance's new venture
capability over the course of 2000 we've recognised the advantages of working
as part of an alliance network with other quality organisations. Brainspark's
track-record of developing businesses is impressive and I'm looking forward to
exploring how we can co-operate on some exciting initiatives in 2001.'
Two B2B businesses currently in incubation with Global Ventures have been
identified as early opportunities to assess the benefits of leveraging both
parties' capabilities and RSA's financial services domain knowledge.
Notes to editors
About Brainspark.
Brainspark plc, is an AIM listed Incubator focussed on germinating and
developing Internet and technology related businesses. Formed in September
1999, it floated on London's Stock Exchange in April 2000. Brainspark helps
create world-class businesses by providing seed capital, a physical
infrastructure, management support and access to a substantial network.
Brainspark has invested in 17 companies, four of which have gone onto secure
follow-on funding.
About Royal & SunAlliance Global Ventures
Royal & SunAlliance Global Ventures is a wholly division of Royal &
SunAlliance and was established in March 2000. Global Ventures is a rigorous
corporate incubator that will enable innovative financial services ideas to
become reality. Royal & SunAlliance is forward thinking with regard to the new
economy business environment and Global Ventures is a demonstration of
innovative, market leading activity. Royal & SunAlliance is focussed on using
its deep financial services expertise and harnessing the global strength of
Royal & SunAlliance to position Global Ventures at the leading edge of
innovation in financial services markets.
Enquiries
Brainspark (020 7843 6600)
David Hart
Director of marketing and communications
Royal & SunAlliance Global Ventures (020 8280 8586)
Carla Burt
Marketing, Communications & PR
Issued by
Citigate Dewe Rogerson (020 7638 9571)
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.