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Connect Midlands Help Warwick University Spin-Out Company Gain Investment

Originally Published 29 May 2003

Connect Midlands have helped Dig-ePrint Ltd, a University of Warwick spin-off company, to successfully secure funding from Catapult Venture Mangers, for their creation of a digital imaging invention. The Catapult investment is the result of presenting at a Connect Midlands Springboard event, which was held in October 2002. Connect Springboard gave Dig-ePrint the opportunity to showcase their business to the investment community. Connect Springboard is a one day informal platform, allowing early-stage companies to present their innovations and showcase their ideas, concepts and proposals. After October's event, Dig-ePrint attracted interest from Catapult Venture Mangers, managers of the East Midlands Regional Venture Capital Fund.

"It was only after Connect gave us the opportunity to present at Connect Springboard that we were approached by investors with interest in our business. I am happy to say that as a result of the conference we have now secured the funding we were seeking, which will enable us to make our product a success". Mr Trevor Elworthy, Managing Director, Dig-ePrint.

Connect Midlands is a program based across the East and West Midlands. Concentrating on technology enterprises, which aims to facilitate the exchange of technology transfer opportunities through the organisation, training and networking with peers and potential investors. Connect Midlands is a fundamental part of the process of enabling entrepreneurs to grow technology based businesses.

The prime purpose of Connect Midlands is to act as a facilitator and networking vehicle, bringing together emerging technology businesses with the resources they need to succeed, with a particular focus on improving access to finance, all of which has helped not only Dig-ePrint, but many other technology focused companies secure the investment they have needed.

The next Connect Springboard event is to be held on 3rd July, Pera, Melton Mowbray, where once again technology companies will be given the opportunity to gain investment.

The next Connect Springboard event is in July 2003. See here for further details.

Connect Midlands is managed by Warwick Ventures which is a Department of the University Warwick tasked with building on the research successes of the University to the benefit of the researchers, the University, the region and the nation.

Connect Midlands is committed to nurturing the development and growth of technology related enterprise in the Heart of the British Midlands by connecting entrepreneurs with the resources they need to succeed in today?s competitive environment. Connect Midlands makes investors aware of the technologies available in the Midlands through events such as the Connect Midlands Investment Conference, Springboard, Technology Briefings and Meet the Entrepreneur evenings.

Principal founding sponsorship is from the University of Warwick, Advantage West Midlands and the East Midlands Development Agency and founding sponsorship from business advisors Ernst & Young, CH Jones, BT, Business Link - Coventry and Warwickshire, Grant Thornton, HSBC, Innvotec Ltd, OFEXMedia Ltd, QinetiQ, The Royal Bank of Scotland, Wragge & Co and the London Stock Exchange.

For further information contact;
Neenu Puri
T: 024 7632 3320
F: 024 7632 3314