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STFC Announces Startups to Join Business Support Program

Science and Technology Facilities Council

Swindon, Wiltshire, UK-based Science and Technology Facilities Council (STFC) has announced the first innovative startups to join two new business support programs aimed at helping digital and quantum technology startups to succeed in global markets. 

Seven UK startups have been selected to join the Digital Incubation Centre (Digital BIC) and the Quantum Business Incubation Centre (QuBIC), designed to help early-stage technology businesses reach their full potential.

The first companies to join the Digital BIC are:

  • MagnifyB: Developing a software-as-a-service (SAAS) based, AI-powered, virtual adviser for SMEs, covering more than 1000 business areas.
  • Pixel Research: Developing techniques for the upscaling and style transfer of low-resolution assets into premium high-resolution assets in the video games market.
  • Spotlight Pathology: Developing AI tools to streamline the diagnosis of blood cancers, with an initial focus on lymphomas.
  • Voxshell: Reducing the generation of 3D mesh digital models from an eight-hour process to just five minutes by creating a new meshing algorithm on HPCs.

The first companies to join the QuBIC are:

  • Applied Quantum Computing: Developing ways to make healthcare smarter using a mix of classical and quantum computing to develop solutions to complex problems, such as for optimising patient allocation to theatre operating lists.
  • Finchetto: Developing an optical network switch enable faster, more sustainable computation.
  • OpenQuantum: Providing a platform, open-source tools and components.

The new Digital BIC and QuBIC programs each provide a support package for technology startups.

Successful applicants receive:

  • up to £50,000 targeted research and development (R&D) funding
  • up to £10,000 R&D vouchers to spend with public sector partners
  • up to 50 hours of business support (including one-to-one coaching, investment readiness, market validation and intellectual property advice)
  • networking and introductions to investors, funders, stakeholders
  • engagement with campus and cluster ecosystems

The Science and Technology Facilities Council (STFC), part of UK Research and Innovation (UKRI), funds and supports research in particle and nuclear physics, astronomy, gravitational research and astrophysics, and space science.  

VCWire

11/04/2024