Simentra conduct Proof of Concept appraisals for Science Park with new Techstart programme

Simentra and the University of Ulster Science Research Parks in N.Ireland work in collaboration on Techstart programme to undertake Proof of Concept assignments for early stage technology disclosures.

San Jose, Bracknell, Belfast, Sydney 9th November 2003

Simentra Ltd, a company providing a low-risk, cost effective and fast route to the market for early stage and venture capital backed high-growth technology firms, today announced the continued relationship with the University of Ulster Science Research Parks with a continued commitment to fulfilling business support and acceleration services to early stage technology companies, technology transfer programmes and faculty based research initiatives.

The programme will be a continued engagement to look at the more innovative early stage technology disclosures in the University portfolio that have been located in the award winning Innovation Centres to provide a Techstart analysis and determine the market potential for a range of technology disclosures to assist in the sreening, analysis and recommendations for early stage innovators to be accepted on the programme.

Sean Nelson, Manager, Innovation Services of the University Science Research Parks commented that the Simentra Techstart is an important element to the early evaluation of novel technology ideas that seek commercial development and exploitation.

"We recognise that the technology disclosures that are developed in early stages of academic research offer unique market opportunities. The value of applying Simentra and their Techstart programme at an early stage helps to clearly define the commercial market potential and make fervent financial recommendations that help drive the development. The main goal of the Technology Transfer has to be the market entry of a product that is commercially viable and sustainable."

Gareth White who leads the Global Incubation Business Unit team for Simentra expressed his enthusiasm for the relationship with the University:

"In the research that we have conducted throughout Europe and the USA, those regions that give greatest support to their University Research and Development programmes show the greatest contribution back to the local economy. The University of Ulster has a prestigious reputation globally and Simentra hope that our services will further support the drive to create a world class technology transfer process, commercialising the research at the Innovation centres and create companies with sustainable products."

About Simentra Ltd

Simentra Ltd is an International Risk Assessment company dedicated to providing intelligent and cost effective solutions to government, private corporations and the emergency services sector. The company Charter Series offers a range of assessment, fusion and training products and services to mitigate the risks associated with modern society and business practice and prepare for associated response protocols. Simentra is a subsidiary of AssetCo PLc in the UK www.assetco.com . Simentra has offices in Belfast (Northern Ireland), London (UK), and Houston (USA).

For more information, please visit http://www.simentra.com/