Изработка на уеб сайт от Web IT Solutions

Hardware investing | Ilian Iliev of EMV Capital


By Dr Brian Moretta, Hardman & Co

Hardware investing is a relatively niche area within EIS investing, but still has many attractions. Dr Ilian Iliev of EMV Capital talks about how the capital intensity has improved and why the ecosystem is attractive.

In this episode of The EIS Navigator, Brian and Ilian explore hardware investing in detail, and they also draw on his background in intellectual property to discuss the different strategies that startup companies can use. They go through the pros and cons, with lots of information on what both investors and founders need to consider.

This episode is the last one that was recorded before the COVID-19 lockdown.

Please email enquiries@hardmanandco.com if you have any questions or comments on The EIS Navigator.

Never miss an episode – click here to subscribe to The EIS Navigator on most popular services. 

Listen now

Dr Ilian Iliev is Managing Director of EMV Capital where he also leads the investment advisory team. Ilian spun-out EMV Capital out of EcoMachines Ventures, which was founded in 2013. Prior to that he co-founded CambridgeIP Ltd, which he built into a leading market and technology business intelligence provider in the UK. He is a Board member at a number of EMVC portfolio companies. He holds a PhD from Cambridge University’s Judge Business School, focused on Venture Capital business models in emerging economies; MCom in Economics, and BA in Politics, Economics and International Relations. He is an Associate Fellow at Chatham House, focused on energy and resource efficiency.

Leave a comment


Investing in start-ups and early-stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution. It should be done only as part of a diversified portfolio. Any investments are targeted exclusively at investors who understand the risks of investing in early-stage businesses and can make their own investment decisions. Any pitches for investment are not offers to the public. Investments made in investee companies via funds managed by Sapphire Capital Partners LLP are not covered by the Financial Services Compensation Scheme (FSCS). For more details, please contact us or refer to their website: https://www.fscs.org.uk


Don’t invest unless you’re prepared to lose all the money you invest. This is a high risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.