£1m boost for Blu Wireless 60GHz

£1m boost for Blu Wireless 60GHz

Business news |
By eeNews Europe

The initial markets for BWT’s technology include the emerging 60GHz ‘WiGig’ addition to the WiFi family and high-speed wireless links for the latest 4G mobile networks based around small cells. These low cost small cells will be mounted on street furniture such as signs and street lamps. BWT is already starting work on applying the programmble baseband technology to the emerging 5G telecommunications standard.
The Bristol-based company has seen the investment from the West of England Growth fund that is administering UK and European matched funding to small companies in all sectors. The company has grown from a team of 7 at the beginning of 2013 to 17 and anticipates that by the end of 2014 it will have around 30 staff. BWT is based in the Engine Shed in Bristol, alongside a growing cluster of high tech and digital businesses.
"This grant from West of England Growth Fund, combined with the almost £2.4M we have raised from private investors over the last year, will allow us to complete the development of our prototype design by the end of 2014,” said Henry Nurser, CEO of BWT. “BWT already has a strong working relationship with the University of Bristol and these funds will ensure that these links are further strengthened. All feedback on our technology from the multiple international companies we have been in discussion with has shown us that we have an opportunity to become leaders in these exciting new markets. We are confident that customers will buy our Bristol designed technology as soon as it’s commercially available."
"This is the single largest amount we’ve awarded from the £25 million pot and it’s exactly the type of project we want to support,” said Paul Wilson, chief executive of the West of England Local Enterprise Partnership (LEP). “Through this fund we have already injected around £14m into the local economy, which has attracted more than £41 million private sector investment, creating or safeguarding over 1,500 jobs. High tech is a significant area of growth for us – we already compete internationally and our region is nurturing a future generation of high tech businesses."
The company has shifted from developing and selling a chip to focus on IP, and last month saw a deal with Interdigital to develop technology for small cell backhaul.

Related stories:
7Gbps 60GHz transceiver IC implemented in 40nm low-power CMOS
IMEC powers ahead with 60GHz building blocks
Infineon samples 60GHz chips for backhaul
UK startup closes $3.1m Angel funding round for 60GHz wireless IP

If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :    eeNews on Google News


Linked Articles