The company was established by Professor Sir Chris Evans OBE to act as General Partner of the Wales Life Sciences Investment Fund, a £100 million fund aimed at investing in Life Sciences and related medical, pharmaceutical, and healthcare companies in Wales, as well as companies from across the UK, Europe, and the rest of the world. The Fund will make initial investments of between £500,000 and £5,000,000 and will primarily focus on a small number of companies, encouraging and supporting the most promising existing companies and new start-ups, attracting non-Welsh companies and entrepreneurs to Wales, and generating significant amounts of positive press coverage for Wales.