Published: 13 December 2011 at 13:24
Light Blue, Microgenius and Whey Forward Health Industries secure Anglia Ruskin funding
Three fledgling Cambridge companies have successfully bid for £40,000 from Anglia Ruskin University to help make their business dreams a reality.
Earlier this year Anglia Ruskin’s Centre for Enterprise Development and Research (CEDAR) received a £50,000 donation to provide support for business people within Cambridgeshire, leading to the Enterprise Fellowship Scheme being launched in June.
A novel advertising concept called Streetsight was the first to benefit from the scheme, receiving £10,000 in September, and a further three finalists have now been given support after successfully pitching to the judging panel.
Hamish Symington and Tom Catchesides have been awarded £12,000 to develop their innovative business management software for photographers, called Light Blue.
Emily Mackay of Microgenius was awarded £10,000 to progress her social enterprise idea of linking investors with people keen to install a green energy microgenerator on their property or in their community.
Microgenius aims to become the online marketplace for domestic and community microgeneration projects. It will be a place where investors can pool funds to offer capital to those installing renewable energy technologies, such as wind or hydro turbines, in turn realising environmental, social and financial benefits.
Joe Faulkner-Edwards has been given £18,000 to help Whey Forward Health Industries launch their first product. Taking advantage of new whey processing techniques, Whey Forward Health Industries has developed an advanced nutritional supplement which can aid the production of the antioxidant Glutathione. This has been shown to enhance immune function, promote bone-mineral density and reduce tiredness and fatigue.
Professor Lester Lloyd-Reason, Director of CEDAR, said:
Walter Herriot OBE, who was a member of the judging panel, said: