Cambridge Enterprise extends outreach with Silicon Valley initiative
Cambridge Enterprise, the university’s commercialisation arm, has triggered an initiative to engender unprecedented interaction between its spin-out ventures and influencers in Silicon Valley.
Once feedback has been assimilated following a recent inaugural visit, certain specific programmes and collaborative ventures can be sculpted to fortify the transatlantic alliance.
Cambridge Enterprise luminaries met alumni involved in Valley businesses as well as potential mentors, investors and business networks on the maiden sortie.
They showcased some of the exciting IP in different Science & Technology areas that has emanated from the university in recent times and added videos of the businesses to the CE website as a further magnet for engagement from potential US funders and collaborators.
Ann Dobrée (pictured above), head of Seed Funds for CE, said:“Early feedback has been very positive. Certainly everyone we talked to in Silicon Valley was in listening mode.
“The aim, following our 10th anniversary, was to reach out to Cambridge alumni in the Valley to see how we might use that community to support our companies as they try to move into US markets.
“This is a pilot scheme to enable Cambridge Enterprise to engage with alumni – or others – who can help certain companies with specific US-strategy issues and US connections.”
It is hoped that collaboration with Silicon Valley peers will accelerate global growth for many more Cambridge University spin-outs.
Dobrée said: “All of the companies whose videos we showed in California and are now featured on our website landing page are starting from brilliant minds and world-leading Cambridge science.
“With a great mentor on board we can increase the chances of building a truly successful company with global impact. Mentoring is proven to help support success in this difficult early stage of a growing company, when the failure rate can be high. Mentored companies are three times more likely to be successful.”
Dobrée emphasised that CE already leverages input from mentors in the UK and elsewhere internationally.
The already fairly famous five chosen for the pilot initiative are Cambridge Epigenetix, Psyomics, 8power, Healthera and Enval.
Through combining novel technology with scientific excellence, Cambridge Epigenetix is the partner of choice for the discovery of epigenetic biomarkers and development of clinical diagnostic assays.
Psyomics’ mission is to deliver better outcomes in mental health through prevention, early diagnosis and personalised intervention.
8power is driving the sensor revolution; its smart devices and systems sense and monitor assets, solving the battery replacement problem with unique technology.
Founded by computer scientists and medical researchers from the university, Healthera was conceptualised and developed with the Institute of Public Health, Cambridge University. It aims to bring pharmacies in the UK an all-rounded digital upgrade for top-notch patient-centered care, and to all of us who order and take medicines a free, simple and medication management mobile app.
Enval unlocks the potential of high performance materials by creating sustainable and economically viable end‑of‑life solutions. Its microwave induced pyrolysis process is said to be the only method for recycling plastic aluminium laminates.
Patent and TM attorneys from Marks & Clerk joined CE on the Valley visit. Its deep involvement in the US helps the firm support Cambridge University’s technology transfer team.
Philip Martin and Mash-Hud Iqbal from the firm’s Cambridge office were joined by Will Cook and Michael Moore from the London office at the events, which culminated in Cambridge firms pitching to Cambridge alumni now working in Silicon Valley.
• Videos of the companies seeking US mentors are featured at https://www.enterprise.cam.ac.uk/usmentors/