Funding Success for Catalyst Centre Graduate!
Fri 28th August 2015
Southampton Science Park tenant, SETsquared member and former Catalyst Centre winner, BluPoint Ltd, has recently been awarded £500,000 by the UK’s innovation agency, Innovate UK.
BluPoint is a solar powered pop-up intranet with an updatable content server which can be used to support Wi-Fi connectivity, Bluetooth and FM radio, providing all mobile phones with meaningful content from the network of servers. The aim is simply to provide content to users, be it healthcare advice, educational materials, or music, sports and other leisure-focused content. Looking to the future, BluPoint intends to develop other applications which might include localised commerce. It will remain primarily focused on providing services to the developing world, where expressions of interest have been received from schools, health clinics, government offices and national governments.
The funding opportunity came about through the ICURe Innovation-to-Commercialisation programme, piloted by the SETsquared Partnership and funded by Innovate UK and the Higher Education Funding Council for England (HEFCE). The programme encourages university researchers with commercially-promising ideas to ‘get out of the lab’ and validate their ideas in the marketplace with the potential of securing up to £500,000 of funding. BluPoint presented to a panel consisting of seasoned investors, Innovate UK, SETsquared and HEFCE. The panel concluded that BluPoint had the potential to be a high growth company and invited it to submit its business plan for ‘Aid for Start Up’ funding.
On hearing the news, BluPoint Founder, Dr Santer commented: “We are thrilled to have received this funding which will enable us to develop and test the technology in its intended environment. Having all the skills and expertise we need right on our doorstep here at the Science Park is fantastic as we continue to grow the business. Securing the funds has also enabled us to expand into office space on the Park.”
Peter Dingley, Managing Director of BluPoint, added: “The funding will provide us with the ability to accelerate the development of the solution to a stage where we can achieve further funding. We’d also like to thank the Catalyst Centre, the University of Southampton Science Park and the University of Southampton, for providing us with the guidance to enable us to be where we are today. We would also like to thank SETsquared, the number one university incubator in Europe, for providing us with essential support over the last two years. We are deeply appreciative of those who have been involved in our development.”
Peter Birkett, CEO of Southampton Science Park, said: “I’d like to extend my congratulations to the BluPoint team and wish them every success in the future. We are very excited to have them present on the Science Park so that we can continue to work alongside the company and witness its continued growth.”