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Former soldiers 'make highly successful entrepreneurs'

Time Reboot, a new UK investment fund, is aiming to invest solely in businesses started by military personnel.

Nigel Ashfield, the fund's managing director, told the Today programme's Simon Jack ex-military personnel "make highly successful entrepreneurs".

He said: "We, as taxpayers, spend a huge amount of money training up our military with an enormous number of skills that are applicable to the business world.

"They have a proven ability to lead, they can problem solve, they can make decisions and they're very resilient."

Mr Ashfield said the fund is looking to raise £20m.

First broadcast on BBC Radio 4's Today programme on Monday 2 December 2013.