Concern for Tech Ventures over Government grant cut-back
Many Government grant and cash awards for new science and tech ventures have been removed. This includes those for biomedical catalyst and Smart awards for small- and medium-sized enterprises.
An article published in The Oxford Times on 24th March 2016 raised some concern over this recent occurrence in funding. Marks Evans, a member of the Venturefest Management Board commented that this is “pretty strange, when you think where our future economic growth is going to come from”.
Mr Evans is the Chief Executive Officer of Adaptix, a high-tech firm developing low-cost, small-scale high-resolution 3D imaging for the medical tech market and played a key role in our recent Pitchfest events which gives start-ups an opportunity to pitch to investors.
He also noted that “if we want British ingenuity to boost our economy, why cut back on crucial funding?”
For these and other views on the funding cuts, visit the Oxford Times website.