31 January 2017
The Virtual Technology Cluster Group
(“The VTC Group”)
Raising capital to support evolving business model and to build on success
The Virtual Technology Cluster Group (“The VTC Group”), which connects small innovative companies with blue chip organisations seeking innovation, is raising capital to support the high growth businesses within it’s network. By working with SMEs, the VTC Group is a key asset in helping them expand as it gains a deep insight into the models, IP, management and commercial opportunities of these companies.
The VTC Group is raising capital through Funderbeam in Estonia, the world’s first primary and secondary marketplace for early-stage investments secured by blockchain. This capital raise, a first step in a long term partnership with Funderbeam, will allow the VTC Group to help its SME members raise their own investment on Funderbeam and, in doing so, offer access to a growing global investor base via a 24/7 borderless liquid marketplace. Additional information can be accessed at www.funderbeam.com/startups/virtual-technology-cluster-group.
This new businesss model which enables SMEs to access investment and achieve liquidity for their shareholders, is built on the ongoing success of the VTC Group’s cluster model.
The VTC Group has also agreed a pilot scheme with a global pharmaceutical company to find innovative technology-enabled solutions to fast track innovation from its supply chain.
These recent contracts build on a momentous 2016 in which the Leidos Cyber VTC continued to grow and is now sponsored by Unilever, Dell EMC and PA Consulting. In addition, the VTC Group partnered with Deloitte in December by launching the Healthcare VTC which is designed to accelerate the adoption of technology in the NHS.
Commenting, Auriol Stevens, CEO, VTC Group said:
“Our new model is going to allow us to create real value – for growth companies, for blue chips, for UK PLC, for our investors, and for us. By connecting small companies with corporate opportunities, we have a unique insight into their businesses and we are going to use this to stimulate growth. We are very excited to be raising capital on Funderbeam’s innovative platform – a perfect deomonstration of how technology is changing every aspect of business. With the growing adoption of our cluster methodology and new governmental contracts, 2017 will be a very busy year.”
For further information, please contact:
Yellow Jersey PR Limited
Felicity Winkles / Alistair de Kare Silver 07825 916 715
Notes to editors:
The Virtual Technology Cluster Group
Established by leading industry experts and investors, The Virtual Technology Cluster Group’s (“The VTC Group”) model enables major multi-national companies to attract emerging and disruptive technology innovators (“VTC Members”) into their supply chain. VTC Members are offered revenue opportunities by the Sponsors, access to advisers providing expert scale-up support and networking opportunities, and support from the Academic and Investment communities.
In March 2015 the first VTC, focused on UK cyber security IP and services, was launched in association with Lockheed Martin UK (now Leidos), the global aerospace and security company. Membership of that cluster currently exceeds 90 leading entrepreneurial IT businesses from startups through to publicly listed entities. Other sponsors are Unilever, Dell EMC and PA Consulting.
The second cluster is the Deloitte Healthcare VTC focused on advancing the digitisation of healthcare through improving access to human, digital capabilities and adoption of new, innovative technologies.