The Thames Valley tech round-up

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ConnectTVT founder Louize Clarke shares the latest stories on tech companies and digital leaders from across the Thames Valley.

Reading is a top 3 Data City in the UK Digital Technology Census

Reading continues to forge a path in the digital economy, coming in just behind London and Manchester in Data City’s 2019 UK Digital Technology Census.

The census aims to analyse the technology and digital industries, garnering a full picture of their impact on the UK economy.  One big revelation: digital technology industries are over 25% larger than previously thought. 

Reading showed a high density of medtech, gaming and e-commerce activity in particular. 

Oxford Drug Design secure £8m in grant and equity investment.

How LPS reduced manufacturing costs with instant Design for Manufacturing

Oxford Drug Design (ODD) has won over £8m in funding awards from CARB-X, the UK Department of Health and Social Care (DHSC) and an equity investment led by o2h Ventures, which launched Britain’s first therapeutics and AI fund earlier this year. The investment will go towards R&D to help develop new antibiotics effective against drug-resistant superbugs and expand its proprietary AI platform.

University of Oxford spin-out Mind Foundry launches machine learning platform 

June saw Mind Foundry, a technology spin-out from the University of Oxford’s Machine Learning Research Group (MLRG) launch its revolutionary humanised machine learning platform. The new cloud-based platform means that, for the first time, anyone, of any technical ability and in any size of organisation, can swiftly unlock the full value of ever-increasing volumes of data to make decisions on complex business issues – without the need for data scientists.

Founded to make machine learning more accessible and enable the rise of ‘citizen data scientists’, the portfolio company of the University of Oxford and leading investors Oxford Sciences Innovations and Parkwalk Advisors, enables organisations to proactively solve business problems by easily leveraging the predictive power of their existing data. 

KPMG study shows tech sector held back by slowing UK economy

Run3D takes gold at Women in Innovation competition 

Dr Jessica Bruce, founder and MD of Run3D, received £50,000 and a yearlong package of bespoke support, coaching and marketing as part of Innovate UK’s Women in Innovation competition. Dr Bruce was one of nine women receiving the funding which will be used to develop respective pioneering inventions.

The biotech University of Oxford spin-out works with runners and clinicians to provide real-time gait analysis to support injury recovery and improve performance. 

Part of ConnectTVT’s 50 Game Changer community, Dr. Bruce commented: “The opportunity to be a role-model is really exciting. I’m looking forward to using the platforms provided by this award to share my story and inspire other women in business innovation and STEM.”

LendInvest secures £200m funding

Assuria selected for DCMS funded Cyber growth programme

Security software solutions scaleup Assuria was one of 20 cyber companies selected for the inaugural cohort of Tech Nation Cyber.

Backed by the DCMS, the sector-specific scaleup programme provides the companies with an expert led series of curated workshops, mentorships, guidance, meetups, and honest conversations, alongside the help they need to navigate fundamental growth challenges – recruitment, scaling abroad and creating a sustainable company culture. 

Reading-based Assuria develops its own cyber security software solutions for a range of different uses and sector, from security information and event management to big data security analytics.

ConnectTVT is the platform connecting the tech and digital dots across the Thames Valley. 

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