In June 2009 Mesuro received a £1M equity cash boost, with Finance Wales plc and Fusion IP plc each investing £375,000 in equity alongside £250,000 from the ERA Foundation.
Richard Emsley, Chief Executive Officer of Mesuro Ltd said: “Given the tough economic climate we are delighted to receive such a significant cash injection. This funding will enable Mesuro to utilise the knowledge and expertise from Cardiff University.”
Modern mobile phones contain a number of wireless applications, such as Bluetooth, WiFi and the phone itself. All these technologies rely on power amplifiers to broadcast the signal and are notoriously power hungry components. Mesuro’s technology allows the mobile phone manufacturer to make their power amplifiers operate closer to theoretical maximum efficiency, something which has not previously been possible.
Richard Emsley added: “For the mobile phone user this new technology could mean increased battery life and the ability to put new applications on the same device without an excessive drain on power. For the mobile phone companies it means reduced power consumption and lower electricity bills, and for the planet it means lower CO2 emissions.”
Dominic Griffiths, Commercial Manager at Fusion IP said: “We first identified this opportunity in November 2008, and within six months have a new company with £1m funding and a product that will be launched in June. We hope that this will stimulate interest from other academics at the University who have great technologies that could become great businesses”.
This cash boost comes at the same time as Mesuro launched the industry's first commercial active load pull solution at the IMS 2009 International Microwave Symposium.
Dr Johannes Benedikt, School of Engineering and Chief Technology Officer for Mesuro Ltd said: “Already within the short time frame we have established links between University research and spin-out activity. “We've been surprised by the unprecedented levels of interest from internationally leading companies to push new scientifically-accredited technology into the market which is also acting as a catalyst for new research collaborations.”
In Summer 2009 Cardiff University and Mesuro entered into a further collaboration, with the award of the first short
Knowledge Transfer Partnership (sKTP), funded by the Welsh Assembly Government.
Further InformationFull story on £1m FundingMesuro LtdKnowledge Transfer Partnerships (KTP’s)