Setting up a new EIS-eligible company

Question

We operate a limited company of approx. 5 years, under which we have been developing a new product. We would like to launch the product with VC investment, but we heard that investors prefer companies that are eligible for the Enterprise Investment Scheme and I think our limited company would be "too old" for that. Our idea is to set up a new company for the product, but we are not sure how we should do this best. Should the new company be fully owned by the "old" company?

Answers: 0 public & 0 private

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