Author: mercia1

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Mercia backs Coventry University and Crossword Cybersecurity venture

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[Pictured: Tom Ilube, CEO CyberOwl and Crossword Cybersecurity]CyberOwl, a joint venture between Coventry University and Crossword Cybersecurity Plc, an ISDX-listed technology transfer company, has received SEIS funding from Mercia Fund Management (Mercia), a leading investment business in UK innovation and wholly-owned subsidiary of Mercia Technologies PLC. CyberOwl is developing network security software for target-centric monitoring.

Mercia’s nDreams signs Google VR app deal

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Mercia Technologies PLC (AIM: MERC) which is focused on the creation, funding and scaling of innovative businesses with high growth potential from the UK regions is pleased to announce that portfolio company nDreams (of which Mercia has a 40% equity stake), has been appointed by Google as one of the first developers alongside EA Games

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Energy software firm secures £300k as it hits export trail

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A Manchester business which provides specialist software for some of Europe’s biggest energy companies has secured £300,000 from Enterprise Ventures SME Loans to support its international expansion. UD Software Solutions helps clients including npower and Gazprom to improve efficiency and drive revenues through better management information and customer service. The business, which offers solutions for

nDreams to co-fund and publish first VR game by Paw Print Games

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nDreams Ltd., the UK’s largest independent developer/publisher solely focused on creating virtual reality (VR) games and experiences, is thrilled to announce that they have signed a deal to co-fund and publish the first VR title by Paw Print Games, an independent games studio in Chester known for their unique gesture-driven titles for iOS and Android.

Digital logistics platform for gaming receives seed funding from Mercia

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Mercia Fund Management (Mercia), a leading investment business in UK innovation and wholly-owned subsidiary of Mercia Technologies PLC, has committed £150,000 in seed funding to GENBA Digital Ltd, a fully-automated, cloud-based digital logistics platform that bridges the gap between publishers and resellers in the gaming industry. GENBA, which translates from Japanese as “the real place”,

First direct investment into new ’emerging star’ from the Enterprise Ventures Group portfolio

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Mercia Technologies PLC, which specialises in building, funding and commercialising innovative British businesses, is pleased to announce that it has agreed the Group’s first direct investment sourced from the portfolio of investments managed by Enterprise Ventures Group, following its acquisition by Mercia on 9 March 2016. Mercia has invested an initial £400,000, via a convertible

Mercia makes follow-on investment in Medherant’s novel transdermal technology

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Mercia Fund Management (‘Mercia’), a leading investment business in UK innovation and wholly-owned subsidiary of Mercia Technologies PLC, has committed follow-on capital to Medherant Ltd, a University of Warwick spin-out developing a novel patch technology for delivery of a variety of drugs. Medherant’s patch, known as the TEPI-patch®, is a thin, strong, easy-to-apply and easy-to-remove

Mercia partners with AHSN on new West Midlands SME Innovation Fund

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Mercia Fund Management (‘Mercia’), a leading investment business in UK innovation and wholly-owned subsidiary of Mercia Technologies PLC, is collaborating with the West Midlands Academic Health Science Network (“WMAHSN”) to help build and support healthcare start-ups across the West Midlands. The new SME Innovation Fund is led by Mercia’s Head of Life Sciences, Peter Dines.