Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.
Imperial College London unveiled UK-based components design software developer ToffeeAM on Wednesday, having incorporated the spinout in March 2019 to develop artificial intelligence and mathematics-driven software for designing components with complex manufacturing attributes, serving applications such as aircraft and car engines. ToffeeAM’s early clients include industrial products conglomerate General Electric. A graduate of customer-focused Imperial accelerator Techcelerate, the company was co-founded by Francesco Montomoli, reader in computational aerodynamics at Imperial’s Department of Aeronautics, together with his PhD student Marco Pietropaoli and then PhD student Audrey Gaymann.
Cambridge Bioelectronics, a UK-based pain management neuro-implant project based on University of Cambridge research, has been awarded prize funding from tech transfer office Cambridge Enterprise ahead of formally spinning out, Business Weekly reported yesterday. Cambridge Bioelectronics’ co-founders include two research associates in the university’s Department of Engineering – Christopher Proctor and Vincenzo Curto – in addition to Damiano Barone, a PhD student and specialist registrar in neurosurgery. The team hope to devise a minimally-invasive spinal cord implant that employs neural interfaces to manage chronic pain without the use of drugs.