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Barr Ellison Solicitors – commercial property
15 January, 2014 - 10:58 By Tony Quested

Cambridge startups cash in with enterprise funding

Professor Lester Lloyd-Reason

A Cambridge UK medical technology pioneer is one of three startups awarded cash through the CEDAR Enterprise Fellowship Scheme run by Anglia Ruskin University. The trio share £30k.

Nowomics, founded by Richard Smith, which is an online aggregator of biomedical data to deliver real-time updates to researchers working in life sciences.

Subscribers can follow specific genes, diseases or keywords for a feed of the latest papers and data relevant to their research.

There was also support for Ocean Array Systems, based at the Hauser Forum and founded by Tom Clark and Nicola Pearson. The business helps developers of wind, tidal and wave devices substantially reduce operational risk and cost of energy.

By combining the fun of LEGO with the practicality of flat-pack furniture, Thomod is a bespoke, flexible shelving system. The judges have backed founders Thomas and Alanna Lawrie-Fussey to further develop the versatile interior design product.

The latest awards take CEDAR’s funding to new enterprises to £120k in the last three years.

Professor Lester Lloyd-Reason, director of CEDAR and member of the judging panel, said: “This is the third year we have run the Enterprise Fellowship Scheme, which has grown and become stronger each year. In total we have helped 12 Cambridgeshire-based businesses grow with mentoring support and awarded £120,000 of funding.

“In addition to the businesses that win funding, we assist all of the finalists with their business ideas through mentoring and connecting them to other appropriate funders. We will continue to help all CEDAR Fellows realise their business dreams and look forward to watching their ventures grow.”

Fellow judge, Walter Herriot said: “The 2013 Enterprise Fellowship Scheme was the strongest yet with some excellent business ideas and applicants. The judging panel had extremely difficult decisions to make on how to use the funding to best help the finalists.”

• PHOTOGRAPH SHOWS: Professor Lester Lloyd-Reason

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