Irresistible Materials spins-out

Irresistible Materials, a UK-based materials technology company spun-out from the local University of Birmingham, has raised £290,000 ($400,000) and hired a new chairman, Stuart McIntosh.

State-backed venture capital firm Mercia Fund Management and undisclosed business angels from the US and UK provided the money to Irresistible Materials (IM).

McIntosh was previously president of ASML and said: “Recently, ASML, the largest supplier of lithography tools to the global semiconductor markets, publically announced a significant investment by three of the largest semiconductor…