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Early stage and late stage VC capital in UK declined in 2007
Despite the brave gloss put on by BVCA member firms’ activity that shows an underlying increase of more than one-third on VC investments, and despite the credit crunch in the second half of last year, the fact is that true venture capital investments in the UK declined by 44 percent. Despite the gloss and several attempts to fix the market failures in early stage venture capital market, the picture for early stage and technology venture capital in the UK remains bleak. Click here to read more.
Partnership for HSPA mobile broadband in business laptops
With the increasing adoption of high speed mobile broadband HSPA shipments, and market grab by major vendors like Ericsson it would be interesting to see how some of the start-ups focusing on this space will fare in the near future. Click here for more information.
Miracor receives €6 million for medical devices business
Vienna-based Miracor GmbH has completed a series A financing round which it will use to conduct additional clinical trials and gain CE marking for its PICSO system. The company has developed a pressure-controlled intermittent coronary sinus occlusion medical device to benefit patients being treated for heart attacks or in heart failure. More information here.
MergeOptics receives R4 funding as it rares towards IPO
Established in November 2000, having shipped over 75.000 optical modules, and almost raring to an IPO, MergeOptics has attracted a new lead investor in its fourth VC round of €5.3m/$8.5m to grow its position in the fast growing 10Gbit/s transmission module market. Click here for more information.
ETF recruits new team member from Goldman Sachs
The Environmental Technologies Fund has recruited Fabrice Bienfait from the investment banking industrials and natural resources group of Goldman Sachs. Earlier this year, the fund announced the final closing of its environmental technologies fund at £110m, above its fund-raising target. More information here.
‘Made for India’ forum at VLSI 2009: submit a paper
India's >1 billion population is very young (35 percent under the age of 15). Sustained 8 percent GDP growth, rapid urbanisation, increasing dispensable income, and opening economic policy, are fuelling ‘explosive’ consumerism in India resulting in persistent demand for latest goods and services. Now you can present a paper for this forum on 'made for India' products. Click here for more information.
Inaugural North-West Technology Network meeting kicks off
The north-west of the UK has always had a strong technology heritage, derived from a local ecosystem created by such companies as ICL Fujitsu, Ferranti, local universities and colleges, plus a strong base of chemical, materials and biotech industries - but surprisingly, no tech start-up network. Find out about this new initiative - click here.
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