UK's defenece research spin-out companies team up to move into the US.
Cody Gate Ventures, a UK-based venture capital firm backed by London-listed defence research company QinetiQ, is taking three of its seven portfolio companies to the US to hire 250 people over the next four years.
Cody Gate said Intrinsiq Materials, which makes medical technology equipment, Quintel Technology, a provider of antenna systems for mobile networks, and radio frequency identification supplier Omni-ID will be located together at the Eastman Business Park, New York City.
Qinetiq spun out seven businesses in…
