South West Tech News #2

We love the fact that the South West is a tech ecosystem with so many brilliant, innovative companies. Which is why we gather the latest news from growing tech companies around us.

South West Tech News
Source: Tech Spark 2020

Tech becomes Bristol’s fastest-growing industry with $1.07bn invested since 2014

The dominant industry in Bristol is tech, with more jobs and higher than average salaries across the board, according to new data by Tech Nation.

The city growing in popularity has an average IT salary of £51,685 over £15,000 more than the general average salary for the city. There are currently 1,965 IT-related job openings, which is the highest of any industry in Bristol. Despite the Coronavirus pandemic, the Bristol tech scene has had a great year. The tech scene has raised a collective $1.07bn in VC investment since 2014.

Bristol is also gaining a reputation for its impact-focused startups such as LettUs Grow, Ultraleap and Immersive Labs.

Source: Tech South West 2020

Ultraleap South West Tech News
Source: Tech Spark 2020

Ultraleap’s ‘Virtual Touch’ technology continues to engage at The Aquarium of the Pacific

Bristol’s Ultraleap and the Aquarium of the Pacific in Long Beach, California, have a signed five-year agreement to include Ultraleap’s virtual touch technologies on a long term basis.

This new agreement solidifies the relationship between the two organizations, so that virtual touch technology can continue to engage visitors.

The Pacific Visions wing opened in May 2019 and features a number of cutting-edge technologies to provide a multi-sensory experience for everyone.

Source: Tech Spark 2020

Bristol-based immersive tech company Virti named among world’s top 100

Virti South West News
Source: Business Live 2020

A Bristol immersive technology company has been included on TIME ’s Best Inventions list for 2020. Virti was founded by former orthopaedic surgeon Dr Alex Young two years ago. Virti uses extended reality (XR) and artificial intelligence to help organisations train workers remotely around the world.

This company’s tech has been used to help hospitals, universities, schools and businesses during the coronavirus pandemic.

Virti developed a special Covid-19 module that teaches frontline workers skills such as how to ventilate a patient, safely use personal protective equipment (PPE), and navigate an intensive care ward.

Source: Business Live 2020

Moortec Semiconductor South West News
Source: Insider Media 2020

Tech Company Deal Provides Exit for Altitude Partners

Moortec Semiconductor develop specialist technology used in mobile phones and tablet. They have been acquired by a US company in a deal that provides an exit for private equity from altitude partners.

The acquisition by Synopsys Inc, a US-based EDA and semiconductor IP vendor, will allow the business to grow further as it becomes part of the group’s recently announced Silicon Lifestyle Management Platform.

The deal is the final exit from Altitude’s first fund and represents an overall investment return of over 4.5 times the original investments.

Source: Insider Media 2020

Brain in hand South West Tech News
Source: Business Live 2020

Tech firm wins £800k grant to further develop digital autism tool

An Exeter-based healthcare company has received an £800,000 Government grant to further develop its “revolutionary” digital support package for autistic people.

Brain in Hand has won the prestigious Small Business Research Initiative  Healthcare award. This is funded by NHS England and NHS Improvement, in recognition of what it calls a “self-management approach to support services for autistic people, both pre- and post-diagnosis”.

The company aims to transform the way autistic people are cared for via its digital support system. It enables people to solve problems and face new challenges by using coping strategies on their mobile phone.

Source: Business Live 2020

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