Start ups get SET
1 min read
More than 20 start ups fostered by the SETsquared exhibited at a recent investment showcase held in London and six of these made pitches to the audience, mainly comprising venture capitalists.
SETsquared is an enterprise collaboration involving the universities of Bath, Bristol, Southampton and Surrey. Apart from developing businesses from university research, the organisation also accelerates early stage companies and equips entrepreneurs with business skills.
With the spotlight falling on energy efficient homes and smart meters, Cascoda believes its radio architecture will provide high reliability, low power consumption and low cost. It is looking for £3million to fund product development and to establish a supply channel.
Bruno Johnson, the company's ceo, noted: "Our technology is a key enabler for next generation home automation." The single chip transceiver – designed for a 0.18µm cmos process – features an optimised 8051 micro and can transmit data over 1km in free space. "We expect devices to operate for five years from a coin cell," Johnson noted.
Meanwhile, Bioinduction was seeking £750,000 to develop and market a neurostimulator in Europe. The technique, which involves implantation of electrode arrays in the spinal column, stimulates nerves to help control chronic pain. CEO Ivor Gillbe said that, although the technique is in use, Bioinduction has developed a solution for a 'new indication' and believes there is a large unmet need.
