Company
LON:FIPP
Frontier IP unites science and commerce by identifying strong intellectual property and accelerating its development through a range of commercialisation services. A critical part of the Group's work is involving relevant industry partners at an early stage of development to ensure technology meets real world demands and needs. The Group looks to build and grow a portfolio of equity stakes and licence income by taking an active involvement in spin-out companies, including support for fund raising and collaboration with relevant industry partners at an early stage of development.
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The investment, made by private investors in return for a 10% equity stake, values Elute at £2.5mln post-money, and Frontier IP's holding of 41% at £1.0mln
The CRIMSON consortium includes 10 organisations aiming to develop faster and more accurate technologies to provide highly detailed images of cells and tissue
Rui Andres, Fieldwork Robotics' chief executive officer, said: "Innovate UK has been following our work closely, and we are very grateful for the continued support."
“We believe that Frontier IP represents an excellent opportunity for investors to gain exposure to early-stage technology companies,” the broker said
The £125,000 investment has been matched by £100,000 from Frontier IP and £25,000 from a private investor for a total fundraising of £250,000
The investment firm noted “strong commercial and technical progress” as its net asset value climbed to 51p from 41.4p last year
The collaboration will work to develop a vaccine for porcine respiratory and reproductive syndrome virus, one of the most economically damaging diseases in the global pig industry
Fieldwork has already made strong progress with a raspberry-harvesting robot in collaboration with Hall Hunter Partnership
The UK Government's Future Fund contributed a £360,000 investment
The £84,000 grant from Innovate UK will be used to support Fieldwork’s plans to expand its team and develop facilities amid “growing interest" in its agricultural robot technology
Archive
The Company has made its first technology investment in Acuity Risk Management Ltd, (‘Acuity’), which operates an award winning software business specialising in risk management. Acuity’s business is the supply of its proprietary software,
In the new role, Mark Rosten will be focused on identifying opportunities and driving forward software development and projects across the group’s portfolio
The product, developed by Frontier portfolio company Elute, works in a completely different way to conventional search engine technology
The government has invested £250,000 through its Future Fund, set up to support innovative businesses through the coronavirus pandemic
CEO Neil Crabb and non-executive director Mike Bourne participated in the share offer, with the former acquiring 54,545 shares, lifting his stake to 5.43%
It is the first external equity investment in the company and values it at £1.5mln
The grant from the European Institute of Innovation and Technology is expected to allow AquaInSilico to build on its collaboration with a European water and waste management group
Pulsiv, in which Frontier owns an 18.9% stake, is also in discussions with investors to raise further funding at a “significant premium” to its book value
Nature-inspired computing includes particle swarm optimisation, based on how birds and fish behave in flocks and schools, and genetic algorithms, software techniques based on natural selection and evolutionary genetics
The IP investor said the German engineering group will help Fieldwork optimise its robotic arms and develop software to reduce cost and increase their speed
