Vykson Ltd receive Invest Growth Fund investment

Monday 26 April 2010

Northern Ireland's £5m Invest Growth Fund (IGF) has completed its fifth investment in Vykson Ltd as part of a financing round from the IGF, Low Carbon Accelerator, Business Angels and other sources of financial support.

Vykson’s unique gas turbine engine enables the generation of renewable power from low quality gas, such as that given off at landfill sites, where the alternative is to flare at an economic and environmental cost.

The Invest Growth Fund is one of a new array of early growth support schemes known as NISPO. The fund is provided by Invest Northern Ireland. The Invest Growth Fund provides equity investment capital up to £250k for high growth businesses.