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University spin-out secures funding


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by Matthew Rock & Real Deals - Monday, 7th April 2008

University spin-out secures funding

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Braveheart has invested £300,000 (€380,000) in Conjunct, a Livingston-based company developing technology to speed up communications in the datacoms market.

LINC Scotland and Scottish Enterprise’s Co-Investment Fund also participated in the funding round.

Conjunct, which spun out from Heriot-Watt University in 2003, was established to commercialise disruptive technology for short range, high-speed optical communications. The company was built with help from a Scottish Enterprise and Royal Society of Edinburgh Enterprise Fellowship award.

The company’s Fibre-Lyte technology aims to significantly increase performance over existing copper-based systems.

Tags: braveheart, raising finance, conjunct, venture capital, university spin-out, entrepreneurs, telecoms, scottish business,

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