Mavis Technologies has received approval for both the Seed Enterprise Investment Scheme (SEIS) and the Enterprise Investment Scheme (EIS). This milestone is crucial as we develop innovative solutions for visually impaired individuals.
The SEIS and EIS are UK government initiatives designed to encourage investment in early-stage businesses. SEIS targets startups, while EIS supports slightly more established companies that have been trading for less than five years.
Approval under these schemes offers significant benefits. Investors can enjoy substantial tax relief, including up to 50% on SEIS and 30% on EIS investments. Additionally, they can benefit from capital gains tax exemptions after holding their shares for three years and loss relief options, providing added financial security.
Achieving SEIS and EIS approval enhances our credibility and signals to investors that we meet rigorous government criteria. This not only attracts investors but also provides us with the capital needed to accelerate the development of our smart glasses technology.
With this approval, Mavis Technologies is positioned to continue its mission of improving the lives of visually impaired individuals through innovation. We look forward to engaging with potential investors who share our vision.
