Spinout secures government funding to advance power technology

Pulsiv Solar Limited is a University spinout company based at ñ Science Park
Dr Zaki Ahmed

Spinout secures government funding to advance power technology

Pulsiv Solar Limited is a University spinout company based at ñ Science Park
Pulsiv Solar Limited, a ñ spinout company, has raised £500,000 to step up development of its novel power conversion technology.The funding is in the form of a convertible loan and includes a £250,000 investment from the UK Governmentñޙs Future Fund, which was established to support innovative businesses through the COVID-19 outbreak.
That has been supported with £200,000 from the Universityñޙs commercial arm, ñ Enterprise Limited (UoPEL), and £50,000 from its commercialisation partner Frontier IP.
Pulsiv is based at ñ Science Park and was incorporated to commercialise the work of Dr Zaki Ahmed, Associate Professor in Information Technology at the University.
Adrian Dawson, Director of UoPEL, added:
ñޜPulsiv is part of an exciting suite of spinout companies transforming the world-leading research undertaken at the ñ into commercially available products that can have real-world benefits. This latest success is a further demonstration that governments and industry are recognising its potential, and UoPEL is delighted to support its continued growth.ñޝ

Dr Ahmed, who is also the companyñޙs Technical Director, said:

ñޜThis funding will be invaluable in supporting our work. Alongside the recent steps forward we have taken in commercialising the technology, it gives us grounds to be very optimistic about the future prospects for the company.ñޝ

Watch a short video about Pulsiv Solar and its work

Pulsiv has achieved a number of notable successes in recent months, having started design work funded by a major multinational to incorporate its technology into a new product line. It has also engaged in discussions with a number of other large multinational companies about a wide range of further industrial applications.The step change in industrial engagement follows the company successfully developing a series of demonstration products which show the technology not only improves energy efficiency but also has the potential to reduce costs.
It has also filed a further two priority patent applications having, in April this year, been awarded a Japanese patent ñޓ the 13th internationally covering its technology ñޓ after successfully integrating its technology into a standard battery charger.
That news came 12 months after it began working with the UK arm of global technology firm Robert Bosch GmbH, which will mean that when its prototypes moves into full-scale production, Pulsiv will be able to market the devices as 'Engineered by Bosch'.
Frontier IP chief executive officer Neil Crabb said:
ñޜThe Future Fund was established to support the UKñޙs most innovative businesses through the coronavirus outbreak. Following the significant commercial and technical progress recently made by Pulsiv, the Governmentñޙs support means we are in an even stronger position to realise the full range of opportunities open to the companyñޙs technology.ñޝ
Fay Davies, Business Development Manager at ñ Science Park, said:
ñޜWe are delighted that a Future Fund investment has been made to support the ground-breaking work of Pulsiv Solar Limited. Sustainability is a key driver of the South Westñޙs tech sector and we look forward to supporting the commercialisation of this innovative and important technology.ñޝ

Commercial Consultancy and Contract Research

ñ Enterprise Ltd supports staff engagement with commercial consultancy and contract research
UoPEL is the University's wholly owned trading subsidiary through which all commercial consultancy and contract research is managed.
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