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 email@example.com or visit www.oxei.co.uk
Margaret Henry | alfa
Five developments for improved data exploitation
19.04.2017 | Deutsches Forschungszentrum für Künstliche Intelligenz GmbH, DFKI
Smart Manual Workstations Deliver More Flexible Production
04.04.2017 | Deutsches Forschungszentrum für Künstliche Intelligenz GmbH, DFKI
The nearby, giant radio galaxy M87 hosts a supermassive black hole (BH) and is well-known for its bright jet dominating the spectrum over ten orders of magnitude in frequency. Due to its proximity, jet prominence, and the large black hole mass, M87 is the best laboratory for investigating the formation, acceleration, and collimation of relativistic jets. A research team led by Silke Britzen from the Max Planck Institute for Radio Astronomy in Bonn, Germany, has found strong indication for turbulent processes connecting the accretion disk and the jet of that galaxy providing insights into the longstanding problem of the origin of astrophysical jets.
Supermassive black holes form some of the most enigmatic phenomena in astrophysics. Their enormous energy output is supposed to be generated by the...
The probability to find a certain number of photons inside a laser pulse usually corresponds to a classical distribution of independent events, the so-called...
Microprocessors based on atomically thin materials hold the promise of the evolution of traditional processors as well as new applications in the field of flexible electronics. Now, a TU Wien research team led by Thomas Müller has made a breakthrough in this field as part of an ongoing research project.
Two-dimensional materials, or 2D materials for short, are extremely versatile, although – or often more precisely because – they are made up of just one or a...
Two researchers at Heidelberg University have developed a model system that enables a better understanding of the processes in a quantum-physical experiment...
Glaciers might seem rather inhospitable environments. However, they are home to a diverse and vibrant microbial community. It’s becoming increasingly clear that they play a bigger role in the carbon cycle than previously thought.
A new study, now published in the journal Nature Geoscience, shows how microbial communities in melting glaciers contribute to the Earth’s carbon cycle, a...
20.04.2017 | Event News
18.04.2017 | Event News
03.04.2017 | Event News
21.04.2017 | Physics and Astronomy
21.04.2017 | Health and Medicine
21.04.2017 | Physics and Astronomy