Today, the Mercia Fund, awarded Razorbill Instruments first place in their Q1 business pitch competition. The Mercia Fund is a west Midlands-based Venture Capital provider that has forged close links with a network of UK universities to provide early investment in technology driven start-ups and spin-outs. The business competition consisted of round 1, judged on an executive summary, followed by a final consisting of a pitch to the Mercia Fund’s investment panel.
Razorbill Instruments saw off some tough competition to be awarded the cash prize, which we will go towards the development of our first product, a robust and reliable nanopositioner for a wide range of industrial and academic nanotechnology uses. The competition win represented, not just a another validation of Razorbill Instrument’s business proposition but a unique opportunity to engage with major venture capital firm.
Alex Ward, Managing Director of Razorbill Instruments said “I am thrilled with this win and delighted the Mercia Fund have endorsed our vision of Razorbill’s future in the nanotechnology and research tool market. We are taking our first steps towards being a global player, offering high quality research tools to this large and growing market.”