Scaling up and not starting up is now the biggest challenge for technology businesses, according to the CEO of Mercia Technologies PLC one of the most active investors in UK technology. Speaking to an audience of more than 200 tech companies, investors and advisors at Manchester Town Hall, Dr Mark Payton said that the UK
Mercia has announced that it will hold its Annual Gala Dinner, ‘Celebrating Tech 2017’, on 26 January 2017 at the Manchester Town Hall. The management teams from two portfolio companies within the Group’s managed funds, Cyber Owl Ltd and Premaitha plc, will be presenting to an audience of over 200 guests. Furthermore, a speaker from
Mercia Technologies PLC has announced a new direct investment of up to £1.9million in Faradion Limited, a company focused on the development and commercialisation of advanced, low-cost battery materials. Mercia’s investment is part of a syndicated investment round of up to £3.2million alongside existing shareholders which include Finance Yorkshire Seedcorn Fund and industry partner, Haldor
Despite being a year of momentous political upheaval, 2016 saw Mercia Technologies PLC (“Mercia” or “the Group”) remain one of the most active investors in UK technology. Throughout the year Mercia pursued its focused strategy as a leading investment partner to early-stage technology businesses, particularly those in the Midlands, the North of England and Scotland.
Mercia Technologies PLC, the national investment group focused on the creation, funding and scaling of innovative technology businesses with high growth potential from the UK regions has lead a £1.0million investment round into Smart Antenna Technologies, a University of Birmingham spinout. Smart Antenna Technologies has developed a ground-breaking single antenna solution for mobile and portable
CyberOwl, a cyber-security spinout based on research from Coventry University, has received further investment from Mercia Fund Management and Coventry University Enterprises. The investment totals £510,000 and will accelerate product development, enabling the company to rapidly develop a working demonstrator for early customers. CyberOwl is developing a scalable early-warning system for network security. Its software
The Coalfields Growth Fund, which is managed by Enterprise Ventures, has achieved a significant return following the sale of ChargePoint Technology Holdings Limited, a leading manufacturer and supplier of valves and consumables for the pharmaceutical, biopharmaceutical and chemical industries to LDC. The Fund was set up following an initiative by Enterprise Ventures to support SME
A Midlands UK based developer and producer of a revolutionary new audio transducer is showcasing the world’s first portable, over-ear electrostatic headphone at CES 2017, the global consumer electronics and technology tradeshow, in Las Vegas today. Warwick Audio Technology (WAT) has developed its High-Precision Electrostatic Laminate (HPEL) transducers with the objective of making Hi-Res Audio
Bristol-Myers Squibb Company and PsiOxus Therapeutics today announced an agreement granting Bristol-Myers Squibb exclusive worldwide rights to NG-348, a pre-clinical stage, “armed” oncolytic virus with the goal of addressing solid tumours. The agreement is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act. Oncolytic virus therapy uses modified viruses like the adenovirus (otherwise known as
Mercia Technologies PLC has announced the sale of Allinea Software Limited to ARM Limited, the world’s leading semiconductor IP company, for a total cash consideration of up to £18.1million. The sale represents a return of circa 21x on the original investment cost. Allinea, based in Warwick, is a leading provider of software tools for developing