Innovation Martlesham Cheered on Finalist – IM Company, Phoelex Ltd – At Venturefest East Fast And Furious Pitch OffMay 26, 2016
(Pictured Dr Amir Nejadmalayeri, Phoelex Ltd & Head, Innovation Martlesham, Nicky Daniels)
Innovation Martlesham was delighted to be part of the East of England’s inaugural Venturefest East event at Newmarket Racecourse. The event, organised by New Anglia Local Enterprise Partnership (LEP), St John’s Innovation Centre and the Greater Cambridge Greater Peterborough LEP working in partnership with KTN and Innovate UK and lead sponsors University of East Anglia (UEA), Engie and BT, was attended by more than 800 investors, entrepreneurs and innovators including 75 exhibitors
Founder and CEO, Dr Amir Nejadmalayeri, Phoelex Ltd, a finalist of the Event’s Fast & Furious Competition says it was an honour to be shortlisted for the pitching competition.
“The whole opportunity of meeting and networking with the other finalists has been extremely valuable. I have been able to take another step forward by presenting our business idea to such a prestigious panel and visitors of the event, giving the Company widespread visibility and receiving feedback from experts”.
Phoelex Ltd, part of Innovation Martlesham (IM) – the cluster of over 80 high-tech companies based on BT’s Adastral Park in Suffolk – and IM’s Business Incubator. Phoelex Ltd is creating an Optical Transceiver, which helps transmit information such as big data, analytics, video and collaborative online gaming between computers within a data centre at very high speeds.
The new product offers dramatic cost and power savings for Optical Transceivers. Compared to current products, there is the potential for a 175% price-performance improvement.
The current cost and power consumption of Optical Transceivers are some of the main obstacles that mega data centre operators are facing. Phoelex technology could reduce both capital expenditure and operating expenditure in data centres by up to 40%.
Many congratulations go to Cambridge medical technology firm, Alviol, who won the 1,000 Guineas prize.
Alviol is an early stage MedTech business developing Occoris – inhaler technology that is said to deliver drugs more efficiently to the lungs. Judges felt the product was destined to have a real impact on the lives of asthma sufferers in the future.
The two silver prize winners were Citrecycle – a developer of technology to provide safe, clean, local and sustainable lead-acid battery recycling for the developing world – and Healx, a start-up specialising in finding new therapeutic solutions for rare diseases with the use of advanced data analytics, machine learning and modern computational biology techniques to identify novel drug applications in the area of rare diseases.
To learn more about Phoelex Ltd please contact Amir.