Birmingham University spin-out Irresistible Materials (IM), a UK-based materials tech firm, has raised an additional £290k ($440k) in funding and announced a new chairman.

The latest funds come from a combination of investing shareholder Mercia Fund Management as well as new angel investors from both the UK and the US.

The new chairman, Stuart McIntosh, comes from a semiconductor background with 40 years in the sector. He was previously president of semi-conductor tools supplier ASML.

Stuart McIntosh said: “The semiconductor…

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