Terry is a former and the first manager of the Rainbow Seed Fund, an alternative investment fund established to commercialise the technology generated from the major UK Public Sector Research Institutions, a fund on which Roger advised when it was established in 2003. Building on those early successful foundations, the Rainbow Seed Fund has since expanded into a £24 million fund and has leveraged its initial public funding with more than £150 million of private investment. In total, Terry has 33 years of venture capital experience with the last 13 years in the specialised area of investing in early stage technology spin‑outs. His venture capital career includes 3i Ventures (1983‑1984), West Midlands Enterprise (1984‑1998), Midven (1998 to 2006) and Synergis Technologies (2006 – 2013). Since 2013 he has engaged in part‑time consultancy. Terry’s role is to provide part‑time executive advisory support. Terry holds a BSc (First Class Hons.) in Minerals Engineering from Birmingham University and an MBA from Manchester Business School.