A robot that glides underwater and a new therapy for multiple sclerosis were just two of the pioneering technologies showcased at the annual SETsquared garden party in Bristol yesterday.
Some of the South West’s most innovative technology companies from the University's SETsquared Business Acceleration Centre presented their businesses to prospective investors at the event in Goldney Hall, which attracted more investors and delegates than in the previous five years.
During the evening, six companies made a 90-second pitch about their business to an audience of South West Angel and Investor Network (SWAIN) members, investors, venture capitalists, supporters and mentors. Bioinduction, which specialises in devices to treat chronic pain, secured the top prize of £250 and the Veale Wasbrough Elevator Pitch trophy.
Spokesperson Ernie Poku said:
‘Tonight was a great chance for us to highlight our key strengths – as our company continues to grow, it is vital to look towards further investment.’
Phillip Tellwright Managing Director of SWAIN added:
‘The annual SETsquared garden party is an opportunity for local early stage companies to showcase to prospective investors and network with mentors and other businesses at a similar development stage.’
Nick Sturge, SETsquared Centre Director commented:
‘There is a perception that times are tough for all businesses, but there has never been a better time to found a technology start-up – the excitement around this event proves that.’
He added that the SETsquared Centre in Bristol has seen applications to join the programme double and there has been twice as much investment activity among its member companies, with £40 million invested in the last 18 months alone.
A further 10 ventures that are supported by the SETsquared Centre showcased their work, including Apitope, which has raised over €12m in investment, and completed a licensing deal worth up to €154m plus royalties for its multiple sclerosis therapy, and GO Science, which has recently secured funding to continue developing its innovative underwater robot.
The event was sponsored by SWAIN and Veale Wasbrough Lawyers.