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Recognising the different challenges posed by science and technology based companies, HSBC has a number of initiatives to help these businesses exploit their commercial potential

HSBC Chairs of Innovation

A science or technology based company needs a bank manager who understands the issues you face and can call on scientific or technological expertise to help assess your proposal. HSBC sponsors Chairs of Innovation at both Brunel University and the University of York.

• Professor Clive Butler was appointed as the HSBC Chair at Brunel University in December 1998.

• Professor Tony Robards OBE was appointed as the HSBC Chair at The University of York in November 2001.

HSBC can seek a full confidential appraisal of any science or technology based proposal from either Chair. This unique resource enables HSBC to fully understand the business.

Science and Technology Banking Managers

HSBC has appointed specialist Science and Technology Banking Managers who have built up extensive networks of contacts with local universities, venture capitalists, business angels, business incubators and specialist professional service providers.

These Managers understand the particular issues faced by science and technology based companies, and the various UK Government and EU support schemes.

Financial services for science and technology based companies

All science and technology based companies will require financial services, something that is frequently overlooked.

The range of financial services required is often broad - ranging from current accounts to payroll, deposit accounts to key-man insurance, merchant services, corporate cards, intellectual property insurance, trade finance and working capital facilities ­ all of these can be provided by HSBC.

Whilst initial funding is frequently venture capital based, a strong banking relationship is essential to ensure that any lending facilities are properly structured and the business' diverse range of financial needs is fully understood.

We are a principal member of the HSBC Group, one of the world's largest banking and financial services organisations with some 7,000 offices in 81 countries and territories.

HSBC Bank plc is a member of the HSBC Bank marketing group. We sell life insurance, pensions and collective investment schemes and advise only on our own range of these products