The Development Bank of Wales has launched a new £20 million Wales Technology Seed Fund with up to £250,000 available per round to support the growth of developing technology businesses across Wales.

The new bigger fund replaces the original, and now fully invested seed fund that has made 45 investments in 41 start-up and early stage technology businesses since 2014. The £7.5 million fund leveraged £3.6 million private investment and created or safeguarded up to 570 jobs. Over half of the businesses to benefit have been based in West Wales or the Valleys.