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Alister Rollins of Fitronics, one of the companies to present at the Investors' Showcase
Alister Rollins of Fitronics, one of the companies to present at the Investors' Showcase

Press Release - 10 October 2006

University of Bath puts companies into high stakes 'Dragon's Den'

Six new technology companies from the University of Bath's business acceleration centres and spin-out community will showcase to 150 venture capitalists at a prestigious investors' event in London (Monday 16 October).

The SETsquared Partnership Investors' Showcase at One Great George Street is one of the highest regarded and most successful events of its kind. The partnership is a collaboration of the Universities of Bath, Bristol, Southampton and Surrey to advance enterprise and entrepreneurship in southern England.

In total, 20 companies will offer investment opportunities of up to £2 million over the coming year. Selected to attend the event by an expert panel of investors and experienced entrepreneurs, Bath's spin-out companies and entrepreneurial start-ups offer investment opportunities in electronics and micro-fabrication, health, IT and mobile communications.

The event is the culmination of a programme of support provided by the SETsquared Partnership for local high tech, high growth-potential companies and entrepreneurs, including business mentoring, guidance and office space.

Following keynote speeches from Lord Sainsbury of Turville, Minister of Science & Innovation, and Mr Francis Carpenter, Chief Executive of the European Investment Fund, a total of six companies, three from the University of Bath, will present their business plans. Fourteen companies will exhibit, three from the University of Bath.

Simon Bond, Director of Innovation Centres at the University of Bath, said: “Companies at the showcase are heralded as some of the most exciting new technology investment opportunities in the UK, so we are really delighted that half of those selected to make presentations come from the University of Bath. Additionally another three of our companies will exhibit.”

“This is the third annual showcase and the University’s largest turnout of companies, so the work we are doing to support commercial enterprise and technology transfer is really beginning to bear fruit.”

“Our growing presence in business incubation in the south-west means we attract more and more opportunities from our research base and the wider region, which puts us in a great position to recommend companies to investors.”

“With an added £5 milllion of funding coming from a new agreement signed with the IP Group, the intellectual property commercialisation company, the future looks bright for more spin-outs and licensing opportunities from Bath researchers.”

To date, the SETsquared Partnership has helped new external ventures to raise more than £25 million of early-stage-funding and raised over £45 million of follow-on funding for university spin-outs. Its focus on quality companies has resulted in excellent returns and the flotation of four SETsquared university spin-out companies since the start of 2002 created a combined market capitalisation of over £160 million.

University of Bath companies to present are:

Atlas Genetics –Spin-out
Atlas Genetics is developing a fast, portable, and robust DNA diagnostic system. Clinicians will load a clinical sample onto a cassette and receive a test result within 20 minutes, allowing rapid diagnosis of infectious and inherited diseases.

Fitronics –Business Acceleration Centre Member
In fitness centres and athletics clubs Fitronics measures customer satisfaction and improves customer retention through a technology which motivates users.

Mirifice –Business Acceleration Centre Member Mirifice’s flagship product, Mirimon, provides real time monitoring of an end user device, such as a mobile phone or digital TV. Mirimon provides quick, accurate diagnosis before a customer call is made, reducing operational costs.

University of Bath companies to exhibit are:

Apex Optoelectronics
Apex Optoelectronics is a candidate spin-out company that will manufacture and supply high quality Gallium Nitride templates on to which can be grown very reliable, high power light emitting diodes, blue laser diodes, and other microelectronic components.

Walcot Electric Machines
Walcot Electric Machines is a candidate spin-out company that will develop and licence Intellectual Property relating to high efficiency electric motors for fixed speed applications, and will offer end-users substantial reductions in the cost of operation.

Visual Information –Swindon Business Acceleration Centre
Visual Information provides mapping software and services to be used as a productivity tool by business managers to analyse and improve their sales and operational efficiencies.

The University of Bath is one of the UK's leading universities, with an international reputation for quality research and teaching. View a full list of the University's press releases: