TITLE

Brunei and CVM in �4.5m spin-out funding deal

PUB. DATE
October 2004
SOURCE
Engineer (00137758);10/8/2004, Vol. 293 Issue 7661, p20
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article reports that Brunei University has signed a 10-year deal with a major venture capital group to provide &pond;4.5m worth of funding for engineering and technology spin-out companies. Close Venture Management--a division of City heavyweight Close Brothers that specialises in venture capital trusts--will invest 10 per cent of a projected &pond;45m trust in Brunei spin-outs. Recent commercial ventures to emerge from Brunei include Active Fasteners, developer of self-releasing fasteners for the electronics and automotive industries, and Advanced Acoustic Emissions Systems, which is commercializing technology for early detection of material deformation in components and machines.
ACCESSION #
14781049

 

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