Business angels from the US and UK as well as the Technology Strategy Board invest in the spin-out.
Irresistible Materials, a technology spin-out of Birmingham University, has secured £235,000 ($400,000). The investment has been made by unnamed US and UK business angels as well as the Technology Strategy Board, the UK’s innovation agency.
The investment follows recent breakthroughs achieved by the spin-out, which was created in 2010 with the goal of developing and commercialising next-generation microchips. It previously raised £290,000 ($495,000) in July 2013.
The company has also hired Mark Shepherd as new chief executive, and appointed Tim…
