Eligibility Criteria
Entries are invited from any individuals with a technology based idea - scientists, students, graduates, new companies, existing companies looking to develop spin-outs or entrepreneurs who are interested in exploiting the significant benefits of Technium residence for their business.
Eligibility criteria will be based on the following:-
innovative, high growth potential companies
The Technium environment is intended to assist innovative companies to grow quickly. It is anticipated that companies will be in a Technium for up to 2 years, during which time they will have expanded and be ready to move into a larger unit.
The Technium environment is intended to assist innovative companies to grow quickly. It is anticipated that companies will be in a Technium for up to 2 years, during which time they will have expanded and be ready to move into a larger unit.
based in a technology-led or knowledge-based sector
Wales is encouraging the creation and development of companies within the technology-led/ knowledge-based sectors. The idea must be original, or a significant improvement on existing products, processes or services
Wales is encouraging the creation and development of companies within the technology-led/ knowledge-based sectors. The idea must be original, or a significant improvement on existing products, processes or services
exploiting IPR
Technology-led / knowledge-based companies will usually be exploiting their own or licensed Intellectual Property.
Technology-led / knowledge-based companies will usually be exploiting their own or licensed Intellectual Property.
engaged in exploiting emerging new technology ideas
Your business idea will typically be involved in R&D activities involving new products, processes and technologies.
Your business idea will typically be involved in R&D activities involving new products, processes and technologies.
already have, or wish to develop, Technium links
Technium is a partnership closely linked with University departments and particularly, the Welsh Assembly Government’s Centres of Excellence in Technology and Industrial Collaboration. It is anticipated that most entrants will have, or will develop, fruitful links with such academic and industry centres.
Technium is a partnership closely linked with University departments and particularly, the Welsh Assembly Government’s Centres of Excellence in Technology and Industrial Collaboration. It is anticipated that most entrants will have, or will develop, fruitful links with such academic and industry centres.
have in place or developing a capable management team
The management team should be balanced to address the financial / business needs of the company as well as having the technological and entrepreneurial expertise required.
The management team should be balanced to address the financial / business needs of the company as well as having the technological and entrepreneurial expertise required.
