Four tech start-ups join Birmingham Science Park’s incubation centre

02/05/2012 by

Four new start-ups are launching their tech businesses at Birmingham Science Park’s Entrepreneurs for the Future incubation centre (e4f).


Settle, Sync Interactive, Dojit and Cubica 3 will receive expert advice, mentoring and business planning to achieve investor readiness, as well as telephone, internet and office space at Birmingham Science Park for free for six months; a package which has a monetary value of £10,000.


Part-funded by the European Regional Development Fund, e4f is unique to Birmingham and is specifically designed to harness and support the city’s burgeoning tech community.


To be enrolled into the e4f business incubation centre, entrepreneurs must pitch their idea, with a view to becoming a registered Ltd company. Applications are welcomed from start-ups operating in the digital media, ICT, med tech or clean tech sectors.


Katherine Preston, e4f Business Incubation Manager at Birmingham Science Park said: “Start-ups stand a considerably higher chance of prospering and becoming revenue generating businesses if they launch from a business incubation centre that is totally focussed on making their idea viable and profitable.


“Birmingham is incredibly fortunate to receive designated European funding, enabling the Science Park to give up to £10,000 worth of comprehensive support to around 25 local tech start-ups per year through the e4f programme. We can open doors to funding streams and other business support services which are fundamental to the growth and success of new ventures. Only last month one of our digital gaming companies PlayMob received £500,000 of investment.”


The four new start-ups include Settle, which is creating an iPhone app that lets you pay with your phone. Sync Interactive is developing frameworks for digital games and apps that can be automated for clients based on a fixed price or licensing structure. Dojit is an iPhone games developer that is harnessing viral marketing and purchase technology. Cubica 3 is a team of three retired police officers and a mobile phone industry consultant, which is developing a concept using realtime data transmission.


Steffan Aquarone, co-founder of Settle comments: “We are creating an iPhone app that lets you load cash onto your phone and send payments to anyone for free . As an integral part of the app’s functionality, we also plan to offer unique tokenised marketing options which protect users’ privacy and give merchants unprecedented insight into spending habits.


“Being based at Birmingham Science Park’s incubation centre is giving us invaluable connections with mentors and potential funders. We are also working alongside like-minded tech entrepreneurs within a great community, enabling us to learn and get support from our peers.”


Since launching in November 2009, Birmingham Science Park’s e4f centre has created 82 new employees and directors.