Solicitors support incubator funds as good investors

City lawyers involved in 'incubator' funds - which offer investment funds to mid-market start-up technology companies - have expressed confidence in the sector as a means of continuing investment through the economic downturn.Tim Anderson, head of media and technology at Reynolds Porter Chamberlain, which last week published a directory of UK-based technology incubators, said: 'Although some people have been all doom and gloom, and we believe the market was overpriced, there are great ideas out there for those looking to invest.'Lawrence Philips, head of technology and communications at City IT firm Tarlo Lyons, said: 'There does seem to be a lot of ideas, especially in the 250-500,000 investment market.'Kim Nicholson, head of technology at Olswang, said: 'The good incubators - stronger ones with greater management - will stabilise and continue to invest.

But those funds caught up in the dot-com frenzy will continue to have some difficulties.'Jeremy Fleming