Research Council Prize for UltraSoC at Royal Society
COLCHESTER, United Kingdom - UltraSoC Technologies has been tipped as a key future business winning a trophy and £10,000 in the prestigious Research Councils UK Business Plan Competition 2005-06. The competition has been running over the last 12 months and started with around 140 entrants from universities, higher education institutions and government funded research laboratories throughout the UK. Yesterday at the Royal Society in London, the elite 7 finalists presented their businesses to a panel of judges and UltraSoC Technologies was announced as runner-up.
The Minister of State for Energy in the Department for Trade and Industry MP Malcolm Wicks who was at the gala event, praised the finalists on the quality of their business propositions reminding them "of the importance of innovation and entrepreneurship to the growth of the UK economy".
UltraSoC's CEO Karl Heeks added, "We are very pleased to be recognised for our technical and commercial promise in this highly prestigious competition".
About UltraSoC - UltraSoC Technologies is an international technology and consultancy services provider founded as a University spin-out in 2005, developing leading-edge, innovative technology including software tools and hardware for embedded electronic systems. More information on UltraSoC can be found at www.UltraSoC.com
About Research Councils UK - Research Councils UK (RCUK) is the partnership between the UK's eight Research Councils. Through RCUK, the Research Councils work together to champion the research, training and innovation they support. The eight Research Councils are independent non-departmental public bodies, funded by the Science Budget through the Office of Science and Innovation. They are incorporated by Royal Charter and together manage a research budget of over £2.5 billion a year. More information on RCUK can be found at www.rcuk.ac.uk
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Press Contact Dr. Karl Heeks - Chief Executive Officer - UltraSoC Technologies Wivenhoe Park, Colchester, CO4 3SQ, United Kingdom Tel: +44 (0) 1954 250991 E-mail: Karl@UltraSoC.com