These entries are alumni members of the five partnership universities who have graduated within the last three years. The company they have started has been incorporated during this period.
Earsoft (University of Bath)
EarSoft make the future sound better with unique audio enhancement technology that benefits everyone. Our technology has settings for the hearing impaired, truly accommodating everyone. Our main competitors are Dolby (pivoting into visual technology), DTS (became a direct competitor to Dolby when buying SRS) and Waves (who leverage their studio market dominance and provide the Beats sounds enhancement on HTC phones). Only EarSoft care about the individual listener and giving individuals the ultra simple control they deserve. We believe everyone should hear a great sound, tailored for them. Level (the name of our technology) makes the audio as the artist intended - if the artist was in your situation right now. Our aim is to replace every volume control in the world with Level and hit $1+Billion rev P.A. We received a years funding (150K) in February and will achieve 'traction points' getting investors excited enough to extend our runway so we can close with the worlds largest OEM's and media service providers. We have made minor revenue through consulting, and will start charging for 'Voluma' our B2C offering available from our website shortly, Voluma - makes your mac louder. We will start turning a profit in 2 years.
ModMyPi (University of Exeter)
ModMyPi was launched in March 2012 in response to the high levels and interest and demand for the Raspberry Pi minicomputer.
The aim of ModMyPi was to design and manufacture a case solution for the Raspberry Pi, using 3D printing technology to produce the ordered cases.
On launching the site, the demand for the cases was so high that it became immediately apparent that the business needed to scale up significantly. This required a change in production method to injection moulding and the development of a robust operational and fulfilment system.
Fortunately the Raspberry Pi users had become accustomed to paying for products in advance and waiting for delivery. This meant ModMyPi had sufficient cash to fund the up-scaling activity.
The success of the case product and our active involvement in Raspberry Pi forums and blogs attracted a lot of interest and we were able to capitalise on this by selling IT peripherals to support the use of the Raspberry Pi.
Using a grant from the University of Exeter we are currently developing the 2nd version of the case which we aim to take to market soon.
ModMyPi turned over almost £1M in year 1 with £100,000 profit.
Noel Azirar (University of Surrey)
‘Azlyn’ is a unique reversible fashion label founded in 2012. The initial product offered is a collection of different reversible blazers that provide two different looks for the price of one.
-After testing the market in Spitalfield Market (June2012) we improved the collection by offering lighter coloured blazer for men, softer fabrics and a fun packaging.
-June/Dec 18 units were sold making total revenue of £1,782
-Awarded “best digital campaign” by The Eleven Ltd
-Azlyn has been used for various case studies such as NACUE, Surrey University, StartUp Loan & Gle Programme.
-Awarded 3 month office space by EntrepreneurFirst
Azlyn is differentiated by its competitors as its keen on maintaining a transparent supply chain that connects its customers back to the individual whom creates each garment. Customers can trace the backstory of their product by checking the garment’s label for the producer’s name, which will have an interactive biography on Azlyn’s ecom-site.
Our strategy is to also incorporate the brand as a wholesaler. Azlyn has recently been approved £10,000 loan by Start-Up Loans:
-We are aiming to launch SS14 Collection in June, with a forecast of £8,340 profit.
-Sell through StartUp Britain PopUp Shop
-Pitch to John Lewis retailer
Saberr (University of Southampton)
Saberr's product allows companies to predict in advance whether or not their teams are going to be successful. Businesses in the UK and Australia are fed up with the team development industry being saturated with companies offering psychometric profiling tests, but not providing sustainable improvements to their business. Saberr don't offer a profiling exercise. We have designed and developed an algorithm to analyse the psychology and statistics of professional working relationships, and we use it to help companies form high performance teams with much greater chances for success.
So far we have secured funding from the Research and Innovation Department of the University of Southampton which has allowed us to operate subsidised tests with clients in North Devon, Bristol, London and Perth, WA. Our work with these clients is forecast to translate into profit in the 2nd financial quarter of 2013. We aim to generate £150,000 in profits by the end of 2014.
To date, our biggest milestone is a successful test with Microsoft UK which has generated a lot of interest in our product. Our business is currently expanding to accommodate new clients in both the UK and Western Australia.
UltraHaptics (University of Bristol)
UltraHaptics has developed a technology capable of creating feelable forces in mid-air, using only ultrasound. By combining this with popular touchless interaction systems, such as the Kinect, we can project tactile feedback onto the user. Similarly, with virtual reality systems, you will be able to explore, touch and feel a virtual world. Discussions with companies in the home entertainment, automotive and manufacturing industries have highlighted a need for our unique technology. To date, development has been funded by a research grant but this year we have secured funding to prove the concept of this business and prepare to secure investment. Guided by Bristol University’s Research and Enterprise Development department, we have filed a patent on our core IP and aim to have release a product later in the year. This will take the form of a development kit, allowing companies and hobbyists to experiment with integrating our technology into their products. Combined with demonstrations at major international trade shows, we aim to build awareness of our company and our brand with a view to providing solutions and licensing our technology to other companies.