IP Group has invested in Consequential Robotics as the company is spun out of Sheffield University.
Sheffield University has spun out robotic systems developer Consequential Robotics with backing from intellectual property investor IP Group.
The company was co-founded by academcis Tony Prescott and Ben Mitchinson, along with designer Sebastian Conran.
Consequential Robotics’ main focus will be to develop companion and assistive robotic systems that will enhance quality of life as people age. The spinout is based on twenty years of research into robotics at the university.
The company’s first product is a programmable companion pet animal called Miro.
Aidong Xu, director of new business and partnerships at IP Group, said: “Consequential Robotics addresses one of the fast growing emerging markets – companion and assistive robotics, thanks to its unique capability of combining world-leading psychology research with renowned award-winning design. As Sheffield University’s IP commercialisation partner, IP Group is very excited to be on board to support the development of the business to help realise its full potential.”