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26 May, 2006 - 17:00 By Staff Reporter

M-clic wins Cambridge Science Park innovation prize

Young Cambridge company M-clic has been handed a boost in its bid for commercial stardom. M-clic allows customers to use mobile phones as simple point-and-click payment devices. M-clic offers a secure, standardised and network-independent financial transaction system for mobile devices. Young Cambridge company M-clic has been handed a boost in its bid for commercial stardom. M-clic allows customers to use mobile phones as simple point-and-click payment devices. M-clic offers a secure, standardised and network-independent financial transaction system for mobile devices.

Both consumers and merchants are able to use the service immediately without the need for expensive upgrades. The company believes it is well positioned to exploit the rapid growth in mobile commerce, which is predicted to become an $88 billion industry by 2009. The m-clic system will run on the majority of current mobile phone handsets and does not require the installation of costly point-of-sale hardware. Trinity College has awarded its Cambridge Science Park Prize for Innovation to M-clic. The prize gives the business one year’s rent-free office space on the Cambridge Science Park and £2000 cash to help get on its feet.

Qualifiers of CUEBiC (Cambridge University Entrepreneurs Business Creation Competition) pitched their ideas to a panel of investors for a chance to win angel investment into their companies. From this, Trinity College – founder of the Cambridge Science Park – and Bidwells – managing agents – chose their own winner for the Cambridge Science Park Prize for Innovation.

Juliette Morgan from Bidwells, which manages the Science Park on behalf of Trinity College, says: "We wanted to provide an opportunity for an innovator to receive help to get off the ground. The Cambridge Science Park provides a good environment for entrepreneurs, key events and resources and we wish m-clic every success."

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