A Belfast-based wearable know-how firm has secured a six-figure sum in a funding spherical.
ntennaWare, which was based final 12 months as a spin-out from Queen’s College, raised the assist by means of a seed funding spherical led by QUBIS, the commercialisation arm of Queen’s.
The spherical additionally included Techstart NI funding from Techstart Ventures, which helps start-ups.
The method was a part of financial improvement company Make investments NI’s Entry to Finance suite of funds.
AntennaWare creates “high-performance antenna options” for wearables, specializing in the medical and sports activities sectors.
Co-founders Dr Matthew Magill and Dr Gareth Conway have nearly 25 years of expertise within the wearable know-how sector.
They’ve carried out in depth analysis at The Institute of Electronics, Communications and Info Expertise (ECIT) a part of Queen’s College Belfast.
ECIT’s Centre for Wi-fi Innovation (CWI) is the most important analysis base in bodily layer wi-fi within the UK and one of the progressive on the earth.
Dr Magill stated: “AntennaWare’s patented know-how can significantly improve the vary and reliability of wearable wi-fi gadgets they’re built-in into.
“The wearable gadgets can transmit additional, with much less dropouts and utilizing much less energy, which helps facilitate functions thought beforehand unimaginable for medical monitoring, sports activities and health, wi-fi audio and wi-fi proximity detection.”
Co-founder Dr Conway added: “We’re delighted to accomplice with QUBIS and Techstart Ventures which has enabled us to commercialise our world-leading antenna analysis.
“We’re assured our antenna know-how would be the go-to resolution within the thrilling and quick rising wearable know-how sector.”
Hal Wilson, accomplice at Techstart Ventures, added: “Gareth and Matt have recognized a chance to commercialise their distinctive know-how in quite a few fascinating and rising markets.
“We’re happy to develop into their funding accomplice to assist them realise their ambitions.”
Oisin Lappin, company finance supervisor at QUBIS, stated: “We’re delighted to assist AntennaWare as the corporate takes it subsequent steps available in the market.
“Wi-fi connectivity is an more and more frequent function in our on a regular basis lives. AntennaWare has an thrilling patented know-how with software in quite a lot of markets together with healthcare and sports activities.”
Techstart NI is an element financed by the European Regional Growth Fund underneath the Funding for Development & Jobs Northern Eire Programme.