Sophisticated high-tech design has become ubiquitous – and big business.
The ICAEW’s Corporate Finance Faculty will publish 10 principles in April for design-led technology ventures that are seeking substantial investment.
The Faculty has looked at six companies that show how:
Britain is very capable of impressive manufacturing and design innovation that's internationally competitive
Private equity and venture capital can play an important part in fuelling much-needed business investment and the creation of skilled, long-term jobs.
‘High-tech’ doesn’t automatically mean ‘digital’ or ‘online’.
Although the ten principles are very much a starting point for discussion, they’re based on research and interviews with some serious UK successes – and their growth-capital backers – including:
DiGiCo, a Chessington- and Glenrothes-based developer of digital sound-mixing desks that’s raised capital three times (Mobeus Equity Partners, Living Bridge, Electra Partners); its consoles can be found in Chicago’s Symphony Center, Budapest’s Palace of Arts and London’s Barbican and Roundhouse.
OpenDesk, an East London start-up for the design and ‘open making’ of wooden furniture, that’s so far raised c£650,000 via CrowdCube, Innovate UK, Telefonica’s Wayra accelerator – and a pin-up for the Knowledge Transfer Network’s Design Special Interest Group.
The Gro Company, the Exeter-based ‘home of safe sleep’ and designer of baby sleeping bags and accessories that’s grown to more than £12m turnover and is pushing into the US and Chinese markets.
Full article (incl. the ten principles) available in the ICAEW's Talk accountancy blog.