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ARM Innovation Hub
19 October, 2009 - 16:17 By Staff Reporter

i-Teams receives Hauser Forum funding

I-Teams, a scheme designed to help inventors realise the commercial potential of innovative designs, has been given a financial boost.

The i-Teams programme, a collaboration between Cambridge University's Institute for Manufacturing (IfM) and the University's Technology and Enterprise Club, is one of the first projects to receive financial support from the Hauser Forum IdeaSpace.

Opening early next year, the Hauser Forum is a new entrepreneurship hub at the University’s West Cambridge site, funded through an £8m donation by the Hauser-Raspe Foundation. The Forum will also be home to Cambridge Enterprise, the University's science and technology commercialisation, and a seminar centre.Open innovation-focused, IdeaSpace – also to be housed on the development – was set up through an investment of £2m from the East of England Development Agency.Founder, Amy Mokady, an experienced local entrepreneur, said the funding showed the impact i-Teams had made: “The IdeaSpace will be the University’s powerhouse for supporting new innovations, and we are proud to be closely associated with it”“I-Teams embodies everything the Hauser Forum IdeaSpace is being created to represent – an enthusiasm for enterprise and innovation and a desire to help new innovations grow.”I-Teams, based on the successful programme created in the US at the Massachusetts Institute of Technology, is designed to analyse the commercial potential of an emerging, breakthrough technology.The Hauser Forum IdeaSpace is helping the expansion of I-Teams, allowing it to run nine projects and 12 taster sessions across the year, giving more than 120 students from across the East of England a taste of what it takes to be an entrepreneur.Other funding for the year comes from the Isaac Newton Trust, the CIKC and the EPSRC, as well as commercial sponsors Marks & Clerk and Taylor Vinters.To find out more about i-Teams contact Amy Mokady am678 [at] cam.ac.uk or check out the website at http://www.iteamsonline.org  

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