Newport Beach, CA (Vocus) July 15, 2009
Key personnel from UK's Daresbury Science & Innovation Campus (SIC) recently traveled to Silicon Valley to meet with Plug and Play Technical Center. The meeting, which follows Plug and Play's visit to Daresbury in January, builds upon the U.S.-UK high-tech business relationship and paves the way for future collaborations and the promise of industry innovations.
Also during the visit, Daresbury SIC and one of its companies, YR Free Labs, attended the international Plug and Play Acceleration and Collaboration Track (PACT) event. The event provided an opportunity for U.S. businesses and investors to learn more about YR Free Labs, a company in the northwestern region of the UK that has developed technology to capture, manage, secure and provide content of streamed mobile video. The goal is to strengthen these relationships in order to foster international expansion of companies in both locations.
Several of Silicon Valley's major players, including Intel, Cisco, Hewlett Packard and Facebook, also met with Daresbury SIC and YR Free Labs to discuss strategic relationships. The comprehensive visits were arranged by the North of England Inward Investment Agency. The North of England Inward Investment Agency is a UK government agency funded by the Northwest Regional Development Agency and One North East to support strategic relationships and to help U.S. companies looking to expand into the North of England and tap into the European market.
John Leake, General Manager of Daresbury SIC said, "We hope that the United States as a whole and Silicon Valley specifically, benefit from the exciting opportunities emerging from Daresbury Science & Innovation Campus. The Campus model for open innovation enables U.S. partners to develop strategic relationships with our community of small high-tech firms and key blue chip companies. Our blossoming relationship with Plug and Play enables U.S. companies to develop key strategic footings in the UK and Europe."
Kate Lowes CTO, of YR Free Technologies added, "We met Plug and Play early in 2009 and were impressed by their business model for new start-ups and have started to build a strong relationship with them. We are excited, along with our U.S. counterparts, about the possibility of developing successful collaborative partnerships thanks to the intelligent matching carried out by Plug and Play."
Gareth Lewis of the North of England Inward Investment Agency said, "In today's turbulent market, finding innovative and high growth companies requires Bay Area Venture Capitalists to look beyond the Valley and tap into the entrepreneurial
innovations coming from the likes of Daresbury Science & Innovation Campus and the universities in The North of England. The Northern UK market is also a successful landing spot for Bay Area companies looking to expand into Europe's strongest market."
About the North of England Inward Investment Agency (NoE)
The North England Inward Investment Agency is a British Government-funded consultancy and UK-based inward investment agency whose role is to advise and assist North American companies considering UK/European expansion. NoE's services are free and confidential and include the provision of information on a wide range of important issues such as: market feasibility studies, business plan support, site selection, potential procurement of financial assistance/public grants, taxation issues, work-force training and recruitment, supply chain opportunities, skills availability, labor costs and regulations, market data, links and collaborations with universities, introductions to key professional services and regulation advice. For more information, please visit http://www.NorthEngland.com.
Gareth Lewis (VP Business Development, Bay Area): gareth (dot) lewis (at) NorthEngland (dot) com / Tel: 949.903.8772
About Daresbury Science & Innovation Campus
Daresbury Science & Innovation Campus is an internationally recognized location for high-tech businesses and leading-edge science. It represents a fundamentally new approach to driving UK competitiveness in global science and innovation. Daresbury SIC was formed by the Northwest Regional Development Agency and the Science & Technology Facilities Council, Lancaster University, the University of Liverpool, the University of Manchester and Halton Borough Council. For further information please visit http://www.DaresburySIC.co.uk.
About Plug and Play Tech Center
Located in the heart of Silicon Valley, Plug and Play Tech Center is a community of over 200 technology startup companies in the areas of Web 2.0, software (SaaS) systems, semiconductor and telecomm verticals. Since its inception in January 2006, the center has helped start-ups raise in excess of $700 million in venture funding. The start-up companies have created a cumulative value of $2 billion. To learn more about Plug and Play, please visit http://www.PlugandPlayTechCenter.com.
About YR Free Labs
A mobile sector start-up based at Daresbury SIC, YR Free Labs focuses on the integration of leading edge audio, video and data core components to enable the capture of content by a mobile device and stream to the YRFree PENTAGO™ Content Management Platform where deep frame inspection allows the delivery of clean web based output. YRFree was formed early in 2009 by co-founders John Ridd and Kate Lowes who between them have over 50 years of working in the high tech industry. http://www.YRFree.com/
For more information about this release or the North Of England Inward Investment Agency, contact:
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