Interregnum signs up for the new Kew in New York

[emad]

Telegraph
(Filed: 14/03/2005)


Interregnum, the Aim-listed merchant bank specialising in technology companies, has signed a deal to advise DestiNY USA, the group developing America's largest construction project, an 800-acre tourist park for emerging technologies in upstate New York.

The bank will help DestiNY build a sales model to attract partners, as well as raising money for any new technologies being brought to market. Construction work for the massive $25billion (£13billion) project, expected to rival Silicon Valley, will start later this year and take more than two years.

Ken Olisa, chief executive of Interregnum, said: "It's really a very Victorian idea, like a bigger version of Kew Gardens. The concept is based around science and technology research but with opportunities to gawk, as well as shops and restaurants."
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