Nelson Gray (BA, CA, MBA)
Telephone: 01968 671626 ~
A Chartered Accountant. with a background in the debt recovery industry, he sold his own business to the multinational OTTO Versand GmbH in 1993. Nelson developed a taste for “hands on” investing in technology companies which has found him involved in a range of companies as diverse as a PCB manufacturing, diagnostic platforms and a kitchen designer. Having invested in 14 companies himself, he became CEO of Gap Fund Managers Ltd, which specialised in the funding and support of Scottish early stage high growth companies. Gap’s work included the management of the Strathclyde Investment Fund and the Eastern Scotland Investment Fund. Each of these £7m investment funds recived funding from the private and public sectors, including £4.4m of European ERDF support. Having made over 50 investments Gap played a significant role in supporting Scotland’s new entrepreneurial talent. A key element of Gaps work was the day-to-day assistance given to the entrepreneurs as they learned how to manage their new companies. Nelson sold his interest in Gap to Noble Fund Managers in 2003, with whom he remains as a consultant
Building on his interest in Angel investing Nelson has recently assisted with the establishment of the Bank of Scotland’s Angel Partnership Fund, a fund designed to allow the Bank of Scotland to invest equity alongside angels in Scotland. He has also developed an angel training program to be rolled out in 2004 in association with LINC to help new entrants to the Angel market, and encourage to formation of new Angel syndicates.
In 2001 Nelson recived the Entrepreneurial Exchanges’ Entrepreneurial Supporter of the Year Award.
Nelson is a regular speaker at events organised for University groups, Enterprise companies, and professional groups and firms, notably around the subject of helping young companies to become “investor ready” and how to improve the probability of success for Angel Investors.
He is a board member of Connect and was a founding board member of. the Scottish Institute for Enterprise.