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Leading Welsh innovation hub secures funding to boost tech projects

Building on the success of its GreenTech and Convergent Content programmes, Tramshed Tech is unveiling two new initiatives to support student spinouts and creative tech projects throughout Wales in 2024. Run as part of Barclays Eagle Labs Ecosystem Partnership Programme, funded by Department for Science, Innovation and Technology, these programmes aim to accelerate innovation and entrepreneurship across the nation.

The first offering, the Convergent Content Scaler, is a 12-week programme designed to help companies scale up their creative tech projects in areas such as augmented reality (AR), virtual reality (VR), interactive media production, and game design.

Participants will benefit from weekly workshops, on-demand resources, meet-the-funder sessions, peer-to-peers, and coaching, with sessions focusing on strategic partnerships, financial management, IP protection, fundraising and diversity and inclusion.

“We see creative industries and student spinouts as huge opportunities in Wales,” said Sophie Webber, Innovation & Partnerships Manager at Tramshed Tech. “The Convergent Content Scaler will empower innovators to expand their immersive tech projects and connect with key stakeholders in the Welsh CreaTech ecosystem.”

North Wales-based tech hub M-SParc are delivery partners on this programme, with supporting partners including Media Cymru, S4C, Creative Wales, Creative UK, Creative North and Delsion. The programme culminates in a Showcase Day which provides participants with an opportunity to showcase their product to potential mentors, partners and investors.

Applications open on July 1, 2024, with the programme commencing in September 2024.

The second initiative, UniVentures, is a 16-week virtual incubator which will support 10 student startups and spinouts from Universities across Wales including Cardiff University, Swansea University and Aberystwyth University. Participants will receive mentoring, peer-to-peer support, access to Tramshed Tech and Barclays Eagle Labs Ecosystems, and the opportunity to pitch their product to potential investors, clients, and industry professionals at the end of the programme.

“Our UniVentures programme prioritises traction as the key factor in building and scaling high-growth startups,” Webber explained. “We encourage students and postgrads with early-stage businesses gaining traction to apply.”

Pryderi ap Rhisiart, Managing Director at M-SParc said: “We’re delighted to be a delivery partner on the programme, supporting University based ventures is exactly why M-SParc was established. We also have a thriving creative sector here in Wales and the Convergent Scaler programme provides a real opportunity for us to support the sector.”

Sessions will cover product-market fit, user feedback, startup storytelling, mentorship and investment landscapes. Partners include the Wales Innovation Network, ICURe, Delsion, and delivery partner M-SParc.

Amanda Allan, Director of Barclays Eagle Labs, said: “We are excited to announce this funding in for Tramshed Tech. Using our Ecosystem Partnership Programme, we are allocating funding to organisations that are already plugged into their national and regional ecosystems. Our support for Tramshed Tech and similar organisations highlights our ongoing commitment to support the tech sector, which is vital to the continued growth of local economies across the whole of the UK.”

Applications for UniVentures open on May 1, 2024, with the programme starting in July 2024. Visit www.tramshedtech.co.uk/programmes/univentures for more details.