Following the 2008 global financial crisis and the subsequent period of financial austerity, companies have become increasingly reliant on technological advances to improve reach, customer acquisition, retention, profitability or efficiency – driven by a global explosion of technology supported by the advancement of e-commerce, smartphones and internet connectivity.
Funding is being employed by companies worldwide to fund innovation in technology, which has applications across a broad range of sectors. Vela is positioned to participate in the early acquisition or funding of such innovative technologies, which should in turn provide the opportunity to optimise returns for shareholders.
Vela’s main country of operations is in the UK where it has its head offices in London. The Directors believe the UK to be of significant importance, being at the forefront of global technology, engineering and scientific advances.