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By combining the fun of LEGO with the practicality of flat-pack furniture, Thomod is a bespoke, flexible shelving system. The judges awarded Thomas and Alanna Lawrie-Fussey £12,500 to further develop their versatile interior design product. Winning the CEDAR Enterprise Fellowship Scheme has given Thomod Ltd a huge boost. With the funding, we're now able to march forwards with our planned demonstrator unit and website upgrades, which will enable us to take the Thomod concept to a huge variety of new audiences. As a CEDAR Fellow, I will also receive invaluable advice from a range of industry leading mentors, hence I'm really looking forward to a busy 2014, within which we hope to have Thomod 'on the shelves' (pardon the pun!)
Nowomics founder Richard Smith received £10,000 to help grow his company, which is an online aggregator of biomedical data to deliver real-time updates to researchers working in the life sciences. Subscribers can follow specific genes, diseases or keywords for a feed of the latest papers and data relevant to their research.
I found the CEDAR Enterprise Fellowship Scheme hugely beneficial. The advice I received from my mentors was vital both in helping get the most from the scheme but also in developing a business strategy for Nowomics. At each stage the judges showed a genuine interest in the business and provided valuable feedback. The funding from the scheme will make it possible to continue developing, testing and marketing the Nowomics software.
Tom Clark and Nicola Pearson
Ocean Array Systems
The judges also awarded £7,500 to Tom Clark and Nicola Pearson of Ocean Array Systems, which helps developers of wind, tidal and wave devices to substantially reduce operational risk and cost of energy.
The Enterprise Fellowship scheme provided us with a cash sum that helped us to undertake a much-needed market research project. The support provided by the scheme's mentors has been invaluable in our business development, especially working towards being investment ready.
Paul Dickinson, Kieran Hegarty and Tashiv Ramsander
A fourth finalist, Oxy-Sens, an air-fuel ratio analyser, received £5,000 after having satisfactorily achieved £5,000 of sales by the end of March 2014.