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SETsquared announces £90m investment raised over 12 months at House of Commons

SETsquared announces £90m investment raised over 12 months at House of Commons


You’re always hearing about the successes of TechCity and the Northern Powerhouse – so now is your chance to find out about SETsquared, the enterprise partnership of the universities of Bath, Bristol, Exeter, Southampton and Surrey, which has recently been ranked as the best in the world for business incubation and has helped generate significant economic impact in the South.

SETsquared supports over 250 high growth potential technology companies at any one time and in 2015 alone its companies raised over £90m in investment.

This figure and other news from SETsquared will be announced at a reception at the House of Commons on Thursday 4 February and the Secretary of State for Business, Innovation and Skills, the Rt Hon Sajid Javid MP will be speaking.

A range of SETsquared-incubated businesses will be exhibiting at the event to demonstrate their technologies to guests. The businesses exhibiting are as follows:

  • Sherlock – which has developed a GPS-based anti-theft device that allows cyclists to precisely locate their bicycle at any moment, as well as send a theft report to police
  • Green Running Ltd – which provides a range of products to help people monitor, analyse and manage energy consumption, enabling users to make savings, lower their carbon footprint and achieve sustainability targets
  • Pelipod – which has developed an intelligent parcel box that allows the use of unique codes for safe, audited and notified delivery of products and parts for field-based staff and home-based workers
  • BioSystems Technology – which provides low cost, ethical solutions for researchers who require alternatives to animal testing
  • Nquiringminds Ltd – which builds products, from software to hardware, that make cities better at capturing, securing and using data. It helps cities to run smarter.

Simon Bond, innovation director at SETsquared, said: “We’re delighted to be hosting a reception at the House of Commons to demonstrate the level of economic growth that SETsquared is contributing and to display some of the fantastic technology and business innovation that’s happening outside of London.

“It’s important for SETsquared, as the world’s leading university business incubator, to show the vital work that’s going on to help place the UK at the forefront of innovation and entrepreneurship.”

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