South West News #16

Our South West tech news round-up aims to give you an insight into the latest tech news specifically in the South West. If you enjoy this, make sure to sign up to our email list to receive updates on more content like this!

We also do a weekly tech update, which you can find here.

Graphcore joins European project to create AI supercomputing framework

Source: TechSPARK 2021

Bristol-based, Graphcore, has announced its participation in SparCity – a new European project whose goal is to create a supercomputing framework that can specifically harness the power and energy efficiency of sparse computation for emerging AI applications. As one of the region’s most successful deep tech businesses, Graphcore will be playing a central role in the project, reflecting their commitment to developing next-generation approaches to artificial intelligence. SparCity has three years of duration and a total budget of 2.6M€; the collaborative project between 6 partners in 4 countries aims to build a sustainable exascale ecosystem and increase Europe’s competitiveness.

The main goal of SparCity is to create a supercomputing framework that will provide efficient algorithms and coherent tools specifically designed for maximising the performance and energy efficiency of sparse computations on emerging High Performance Computing systems, while also opening up new usage areas for sparse computations in data analytics and deep learning.

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Source: TechSPARK 2021

Deep tech startup QLM raises £3.1 million in seed round

Source: TechSPARK 2021

After being name among the twelve 2021 BNEF Pioneers last week, identifying it as one of the most impactful and original technology innovations for advancing the low-carbon economy, the deep tech startup QLM Technology Ltd is please to announce the close of its Seed funding round, securing a total of £3.1 million of investment. QLM is a deep tech startup with an impressive ambition to help organisastions tangibly achieve net-zero through mitigation of greenhouse gas emission with their revolutionary quantum single photon detection tech. The camera QLM has created can continuously visualise and quantify methane plumes; it’s the first solution that genuinely enables the oil & gas industry to measure methane emissions.

QLM has successfully garnered support for its deep tech startup, poignantly illustrated through the huge seed round raise.

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Source: TechSPARK 2021

Spin Up Science’s mission to strengthen the deep tech sector

Source: TechSPARK 2021

As the deep tech cluster expands in the South West, so does the need for dedicated support for specialist startups, and Spin Up Science decided to be a part of the solution.

Spin Up Science provides support for the development of scientists and engineers as they emerge as the next generation of entrepreneurs and innovators. Founder Dr. Ben Miles tells us, “Our goal is to see more deep tech discoveries translated from universities into the world to realise their benefit to society.”

The team noticed that too many pioneering university discoveries were slipping under the radar as students had no means to translate their idea into a product that could make a tangible impact. Due to this, Spin Up Science’s focus is on, “upskilling Masters, PhD, and Postdoctoral researchers with the commercial knowledge to see these opportunities and help them to lead those innovative ideas forwards,” Ben explains.

Source: TechSPARK 2021

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