vtc Group Corporate Update

The Virtual Technology Cluster Group

(“The VTC Group”)

 

Corporate Update

New cluster launched and raising capital to expand

The Virtual Technology Cluster Group (“The VTC Group”) connects technology solutions ranging from university projects, to SMEs and AIM listed companies, with multi-national organisations seeking innovation. It is pleased to provide the following update on a successful 2016 and provide an outlook for 2017.

The first cluster, focused on UK cyber security IP and services, and launched in March 2015 in association with Lockheed Martin UK (now Leidos), is now also sponsored by Unilever, Dell EMC and PA Consulting. With close to 100 members from 400 innovative companies, it continues to deliver revenue opportunities, networking events, commercial mentoring and a virtual ecosystem for its members.

The Deloitte Healthcare VTC was launched in December 2016 to accelerate the adoption of technology in the NHS. The Deloitte Healthcare VTC will provide its members with opportunities for commercial partnerships and investment-driven by the demand to advance the digitisation of healthcare.

The VTC Group is also pleased to announce it is raising capital through Funderbeam in Estonia, the world’s first primary and secondary marketplace for early-stage investments secured by blockchain.  The primary significance is the ability of Funderbeam to offer liquidity to investors in private companies through their platform. The funds raised for the VTC Group will also be used for expansion into other verticals. Further information can be accessed at https://markets.funderbeam.com/syndicate/vtc.

The VTC Group is currently working on a pilot scheme with a global pharmaceutical company to help them find innovative technology enabled solutions to solve their internal challenges and are expecting this pilot scheme to roll onto a long-term contract.

The VTC Group is excited to announce that it will be launching VTC Capital in 2017, which will utilise the pooled experience and deep technical knowledge of the team to offer fund raising capabilities and facilitate growth for SMEs.

 

Commenting, CEO of the VTC Group, Auriol Stevens said:

“2016 was a momentous year for the Group where we launched a new cluster and expanded the Leidos Cyber VTC. We are currently working on a pilot scheme with a global pharmaceutical company that we are looking to secure a long-term contract with. Our focus now is on raising funds through Funderbeam’s innovative platform to support our next phase of growth and to then launch VTC Capital to provide our SME members with access to capital. We believe the outlook for the VTC Group is exciting.”