Mountain Trike rides high at investment showcase

Mountain Trike, the creator of an all-terrain wheelchair, was among 21 start-up companies demonstrating their innovative technologies at the SETsquared Partnership Investment Showcase 2009.

The sixth annual showcase, aimed at raising investment for early-stage companies, drew an audience of over 120 venture capitalists and investors.

The exhibiting companies covered a wide range of technologies, including biotechnology, electronics, medtech, IT and wireless.

Companies with products showcased in the event in the past five years have raised over £100 million investment. SETsquared companies have raised over £50 million during the last year, creating more than 140 new jobs.

The showcase was held in George Street, London and hosted by Professor Eric Thomas, Vice Chancellor of the University of Bristol. A keynote speech was given by Dr. David Milne, Director of Wolfson Microelectronics.

Tim Morgan, Managing Director of Mountain Trike, said: “For us as a start-up, this event was a fantastic opportunity to get access to investors who can kick-start our business and help us commercialise our product.”

Libby Kinsey, Investment Manager with NESTA, noted the event’s value to investors: “This SETsquared event always features high quality, highly investable companies and is a ‘must attend’ in my calendar.”

“While we’re in the middle of an economic slowdown, there’s no slowdown in the innovative technologies developed by UK companies, and today’s exhibitors may well be the commercial successes of the future,” commented Kaushik Chakravarti, Investment Manager with PUK Ventures.

The event was organised by the SETsquared Partnership, which supports early-stage businesses through the resources of the Universities of Bath, Bristol, Surrey and Southampton. 

Mountain-Trike all-terrain wheelchair with L-R: Dr David Milne, Tim Morgan and Professor Eric Thomas