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© Blu-Wireless 2012 – Commercial in Confidence © Blu-Wireless Technology - Sept 2013 Henry Nurser Blu Wireless Technology Ltd Raising Money for a Technology Start-up

VFB 2013 - Growth Funding - Raising money for a technology startup

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Page 1: VFB 2013 - Growth Funding - Raising money for a technology startup

© Blu-Wireless 2012 – Commercial in Confidence© Blu-Wireless Technology - Sept 2013

Henry NurserBlu Wireless Technology Ltd

Raising Money for a Technology Start-up

Page 2: VFB 2013 - Growth Funding - Raising money for a technology startup

© Blu-Wireless 2012 – Commercial in Confidence© Blu-Wireless Technology - Sept 2013

Blu Wireless Technology LtdFounded 2009 in Bristol, UK - a centre of excellence

for DSP, consumer & wireless semiconductor designProviding solutions to efficiently address the multi-

Gigabit baseband processing challenge– WiGig (WiFi .11ad) for wireless Personal Area Networks– Low cost backhaul for 4G small cell rollout

Specialists in DSP & Wireless System design– Team with deep expertise in both digital and RF domains– Prof Andrew Nix (UoB), Sir Robin Saxby (Ex CEO/Chair of

ARM) & Glenn Collinson (Ex CSR) on advisory boardClosed £3M funding in July 2013

Page 2Apr 10, 2023

Page 3: VFB 2013 - Growth Funding - Raising money for a technology startup

© Blu-Wireless 2012 – Commercial in Confidence© Blu-Wireless Technology - Sept 2013

Experienced Management TeamHenry Nurser (CEO)– R&D and Business Unit Director at

STMicroelectronics for Consumer and Automotive markets.

Ray McConnell (CTO)– High performance and low power parallel

processor architecture at Inmos, Clearspeed and PixelFusion.

Mark Barrett (CMO)– RF system, Wireless SoC development &

marketing with Philips Research, ERA Technology, VTech and 3 start-ups

Page 3Apr 10, 2023

Page 4: VFB 2013 - Growth Funding - Raising money for a technology startup

© Blu-Wireless 2012 – Commercial in Confidence© Blu-Wireless Technology - Sept 2013

Why Multi Gigabit Wireless?High speed data transfer

onto mobile platforms for ‘Sync & Go’

HDMI cable replacement for HD content or 3D gaming

Cheap deployment of self-organising networks of small cells on lamp posts, etc.

<£2K >£15K

Page 4Apr 10, 2023

Page 5: VFB 2013 - Growth Funding - Raising money for a technology startup

© Blu-Wireless 2012 – Commercial in Confidence© Blu-Wireless Technology - Sept 2013

Why Multi Gigabit Wireless?High speed data transfer

onto mobile platforms for ‘Sync & Go’

HDMI cable replacement for HD content or 3D gaming

Cheap deployment of self-organising networks of small cells on lamp posts, etc.

<£2K >£15K

Proprietary

..for n

ow..

Page 5Apr 10, 2023

Page 6: VFB 2013 - Growth Funding - Raising money for a technology startup

© Blu-Wireless 2012 – Commercial in Confidence© Blu-Wireless Technology - Sept 2013

How to ‘Tick the Boxes’

1 to 2 yrs

‘THE IDEA’

CREDIBILITY

MARKET KNOWLEDGE

Page 7: VFB 2013 - Growth Funding - Raising money for a technology startup

© Blu-Wireless 2012 – Commercial in Confidence© Blu-Wireless Technology - Sept 2013

How to ‘Tick the Boxes’

1 to 2 yrs

‘THE IDEA’

CREDIBILITY

MARKET KNOWLEDGE

+ ‘SWEAT’

ExploitSEIS <£200K

Page 8: VFB 2013 - Growth Funding - Raising money for a technology startup

© Blu-Wireless 2012 – Commercial in Confidence© Blu-Wireless Technology - Sept 2013

How to ‘Tick the Boxes’

1 to 2 yrs

‘THE IDEA’

CREDIBILITY

MARKET KNOWLEDGE

+ ‘SWEAT’

ExploitSEIS <£200K

2 to 3yrs

CUSTOMERS

REVENUE

PUBLICITY

PARTNERS

MENTORS…

Page 9: VFB 2013 - Growth Funding - Raising money for a technology startup

© Blu-Wireless 2012 – Commercial in Confidence© Blu-Wireless Technology - Sept 2013

How to ‘Tick the Boxes’

1 to 2 yrs

‘THE IDEA’

CREDIBILITY

MARKET KNOWLEDGE

+ ‘SWEAT’

ExploitSEIS <£200K

2 to 3yrs

CUSTOMERS

REVENUE

PUBLICITY

PARTNERS

MENTORS…

+ MORE ‘SWEAT’

ExploitEIS <£2M

Page 10: VFB 2013 - Growth Funding - Raising money for a technology startup

© Blu-Wireless 2012 – Commercial in Confidence© Blu-Wireless Technology - Sept 2013

Further Tips – Sources of FundingFind a corporate that needs development help– Use ££ to fund internal IP development in parallel

Expect to send your Exec Summary to many people, but avoid [email protected]– Go through people that know you!

READ the information on websites of EIS funds, Angel networks and even VCs.....– When they state ‘up to £1M’ that means <£250K

Travel to other cities – London & Cambridge