Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

Warwick University Spin-Out secures Funding for Fingerprint ID Technology

07.08.2006
2006 is already proving to be a busy and successful year for Oxford Early Investments (OEI), a business angel investment network that helps innovative companies at the early stages of commercial development to raise investment capital. The latest company to secure funding through the OEI Network is Warwick Warp Ltd, a spin-out company from Warwick University that is developing a highly accurate fingerprint identification technology for use in personal ID cards, passports and access control systems.

Warwick Warp raised £15,000 from two of OEI’s business angel investor members at a recent OEI investment meeting held jointly with Warwick Ventures, the technology transfer office of Warwick University. The company will use the new capital for the development of the first prototype.

Li Wang, Chief Technology Officer of Warwick Warp, said: “OEI provided an excellent platform for us to not only raise investment funds but also build up a close relationship with investors, both of which are crucial to the success of our business.”

“We are delighted,” said Ederyn Williams, Director of Warwick Ventures. “Warwick Warp is an exciting new company, and OEI helped us raise the small amount of vital funding needed in record time.”

The Warwick Warp deal is one of several that the OEI Network has brokered for developing companies during the past 18 months, raising a total of £473,000. Other companies that have raised funding through the Network include Water Innovate, a spin-out company from Cranfield University that develops new technologies for the water and wastewater industries, NanoSight, which is developing a nanoparticle measuring system, and Zeta Studies, a software development house for web based services and mobile data collection solutions.

Joanna Sobek, Manager of Oxford Early Investments, said: “OEI was set up to meet investor demand for very early stage investment opportunities, and to help companies that need small but crucial sums to develop their product beyond an initial ‘proof of concept’ – often the most difficult stage of company growth to fund. The Network has now established a track record for filling this gap in the market.”

OEI also held a lively investment meeting as part of Venturefest during July. Companies making presentations at the meeting included Exilica Ltd, who produce micro-beads and silica nano-shells that can be used in the slow release of perfumes and dyes, and Novolytics Ltd, which uses bacteriophages, a small virus that only infects bacteria, to combat MRSA.

OEI is also delighted to announce that H2O Venture Partners has agreed to sponsor the Network. H2O Venture Partners is a new investment company developing very early stage technology opportunities from universities, research organisations and existing companies. H2O invests in transformative technologies in all sectors at the beginning of the commercialisation process.

Dr David Kelly, Chief Executive of H2O Venture Partners, said: “H2O Venture Partners is delighted to sponsor OEI. The OEI Network plays an essential role in helping companies secure the funds they need for early-stage growth. H2O looks forward to actively contributing to the future success of OEI.”

The next OEI Investment Meeting is on 5 September 2006 at the Oxford Science Park

To find out more about becoming an OEI member or sponsoring the Network contact Joanna Sobek on 01865 811120, email j.sobek@oxin.co.uk or visit www.oxei.co.uk

Margaret Henry | alfa
Further information:
http://www.oxei.co.uk

More articles from Information Technology:

nachricht Stable magnetic bit of three atoms
21.09.2017 | Sonderforschungsbereich 668

nachricht Drones can almost see in the dark
20.09.2017 | Universität Zürich

All articles from Information Technology >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: Highly precise wiring in the Cerebral Cortex

Our brains house extremely complex neuronal circuits, whose detailed structures are still largely unknown. This is especially true for the so-called cerebral cortex of mammals, where among other things vision, thoughts or spatial orientation are being computed. Here the rules by which nerve cells are connected to each other are only partly understood. A team of scientists around Moritz Helmstaedter at the Frankfiurt Max Planck Institute for Brain Research and Helene Schmidt (Humboldt University in Berlin) have now discovered a surprisingly precise nerve cell connectivity pattern in the part of the cerebral cortex that is responsible for orienting the individual animal or human in space.

The researchers report online in Nature (Schmidt et al., 2017. Axonal synapse sorting in medial entorhinal cortex, DOI: 10.1038/nature24005) that synapses in...

Im Focus: Tiny lasers from a gallery of whispers

New technique promises tunable laser devices

Whispering gallery mode (WGM) resonators are used to make tiny micro-lasers, sensors, switches, routers and other devices. These tiny structures rely on a...

Im Focus: Ultrafast snapshots of relaxing electrons in solids

Using ultrafast flashes of laser and x-ray radiation, scientists at the Max Planck Institute of Quantum Optics (Garching, Germany) took snapshots of the briefest electron motion inside a solid material to date. The electron motion lasted only 750 billionths of the billionth of a second before it fainted, setting a new record of human capability to capture ultrafast processes inside solids!

When x-rays shine onto solid materials or large molecules, an electron is pushed away from its original place near the nucleus of the atom, leaving a hole...

Im Focus: Quantum Sensors Decipher Magnetic Ordering in a New Semiconducting Material

For the first time, physicists have successfully imaged spiral magnetic ordering in a multiferroic material. These materials are considered highly promising candidates for future data storage media. The researchers were able to prove their findings using unique quantum sensors that were developed at Basel University and that can analyze electromagnetic fields on the nanometer scale. The results – obtained by scientists from the University of Basel’s Department of Physics, the Swiss Nanoscience Institute, the University of Montpellier and several laboratories from University Paris-Saclay – were recently published in the journal Nature.

Multiferroics are materials that simultaneously react to electric and magnetic fields. These two properties are rarely found together, and their combined...

Im Focus: Fast, convenient & standardized: New lab innovation for automated tissue engineering & drug

MBM ScienceBridge GmbH successfully negotiated a license agreement between University Medical Center Göttingen (UMG) and the biotech company Tissue Systems Holding GmbH about commercial use of a multi-well tissue plate for automated and reliable tissue engineering & drug testing.

MBM ScienceBridge GmbH successfully negotiated a license agreement between University Medical Center Göttingen (UMG) and the biotech company Tissue Systems...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

Event News

“Lasers in Composites Symposium” in Aachen – from Science to Application

19.09.2017 | Event News

I-ESA 2018 – Call for Papers

12.09.2017 | Event News

EMBO at Basel Life, a new conference on current and emerging life science research

06.09.2017 | Event News

 
Latest News

Comet or asteroid? Hubble discovers that a unique object is a binary

21.09.2017 | Physics and Astronomy

Cnidarians remotely control bacteria

21.09.2017 | Life Sciences

Monitoring the heart's mitochondria to predict cardiac arrest?

21.09.2017 | Health and Medicine

VideoLinks
B2B-VideoLinks
More VideoLinks >>>