Published: 15 January 2014 at 13:16
Anglia Ruskin enterprise scheme awards £120,000 to start-ups in first three years
Three fledgling Cambridgeshire businesses are starting 2014 with a welcome boost after receiving funding from the Centre for Enterprise Development and Research (CEDAR) at Anglia Ruskin University.
Thomod, Nowomics and Ocean Array Systems impressed the judges in the final of CEDAR’s Enterprise Fellowship Scheme and shared £30,000 of funding.
By combining the fun of LEGO with the practicality of flat-pack furniture, Thomod is a bespoke, flexible shelving system (http://www.thomod.com). The judges awarded Thomas and Alanna Lawrie-Fussey £12,500 to further develop their versatile interior design product.
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 (http://nowomics.com/). Subscribers can follow specific genes, diseases or keywords for a feed of the latest papers and data relevant to their research.
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 (http://oceanarraysystems.com/). A fourth finalist, Oxy-Sens, will receive £5,000 if they can achieve £5,000 of sales by the end of March.
Funded by a private benefactor and organised by Anglia Ruskin’s Lord Ashcroft International Business School in Cambridge, CEDAR’s Enterprise Fellowship Scheme has now given away £120,000 to local entrepreneurs since it began in 2011.
In addition to financial backing, successful businesses receive mentoring support; entry to the CEDAR Enterprise Fellowship network; specialist training and development support; access to Anglia Ruskin’s StartupLab; academic and business advice from the CEDAR team; and legal support.
Professor Lester Lloyd-Reason, Director of CEDAR and member of the judging panel, said:
Fellow judge Walter Herriot OBE said: