Silicon Catalyst, a startup incubator, has chosen Britain as the site for its first European operation, saying it hopes to capitalize on the UK’s record for innovation.
LONDON: Silicon Catalyst, a startup incubator, has chosen Britain as the site for its first European operation, saying it hopes to capitalize on the UK’s record for innovation.
SiliconCatalyst.UK will help semiconductor hardware start-ups accelerate ideas through prototyping and production stages by providing advice, support and access to strategic partners and investors, the company said, replying a model she has deployed in Silicon Valley since 2015.
Britain has a growing number of silicon startups looking to emulate the success of ARM, the Cambridge-based company whose processor design powers nearly every smartphone in the world.
Alphawave, a Toronto-based silicon intellectual property company listed in London last month with an initial value of 3.1 billion pounds (4.4 billion US dollars).
The UK subsidiary of Silicon Catalyst will be headed by Ron Black, former head of Imagination Technology, which, like ARM, also licenses processor technology, primarily in graphics and video.
“The UK has incredible innovation thanks to its world-class universities, an already large startup community and government support,” said Black, currently based in the United States due to COVID-related travel restrictions. 19.
“We look forward to working closely with the UK start-up ecosystem, enabling a small part of Silicon Valley to further accelerate entrepreneurial teams to their full potential,” added Black.
Silicon Catalyst has admitted 38 start-ups and start-ups to its incubator program since its inception, helping them raise more than $ 200 million in funding in areas such as wearable devices, IoT (Internet of Things ), artificial intelligence and machine learning, and biomedical devices.
The company did not specify where it would be located in the UK.
(1 USD = 0.7063 pounds)
(Reporting by Paul Sandle; Editing by David Holmes)