VTC Group, VTC Group CEO Auriol Stevens
The Virtual Technology Cluster Group, which connects small innovative companies with blue chip organisations seeking innovation, aims to take advantage of Funderbeam’s “borderless liquid marketplace”
The Virtual Technology Cluster Group has partnered with blockchain-based investment marketplace technology Funderbeam to help high-growth SMEs raise capital.
VTC, which is paid by sponsors to run centres which help multinationals attract emerging and disruptive innovators, will also raise its own capital on the Estonia-based platform as it seeks to open further specialist clusters.
The first two of these are the Leidos VTC – which has a cyber security focus and is sponsored by Unilever, Dell EMC and PA Consulting – and the Deloitte Healthcare Virtual Technology Cluster.
Members ranging from university projects through to start-ups, SMEs and public companies have access to “scale-up support and commercial mentoring” and do not have to pay membership fees, while no money is taken from the smaller firm’s bottom line.
The first step in a long-term partnership with Funderbeam now gives members the opportunity to raise investment from a growing global investor base – a “borderless liquid marketplace”.
“Our new model is going to allow us to create real value – for growth companies, for blue chips, for UK PLC, for our investors, and for us,” said VTC Group CEO Auriol Stevens.
“By connecting small companies with corporate opportunities, we have a unique insight into their businesses and we are going to use this to stimulate growth.
“We are very excited to be raising capital on Funderbeam’s innovative platform – a perfect demonstration of how technology is changing every aspect of business.
“With the growing adoption of our cluster methodology and new governmental contracts, 2017 will be a very busy year.”
London-based VTC has also agreed a pilot scheme with a global pharmaceutical company to find innovative technology-enabled solutions to fast-track innovation from its supply chain.