CableSense Ltd, a Lancaster, UK-based hi-tech start-up, has been awarded a £213K Grant for Research and Development by the Northwest Regional Development Agency (NWDA).
The award follows a £500K equity investment the company received from North West technology investment specialists, MTI Partners, through the UMIP Premier Fund (UPF).
CableSense, which has developed an innovative new approach to managing large scale, structured cabling systems, will use the grant to accelerate the delivery of its proposition to market.
The company develops a patent-protected technology for non-invasive interrogation of the physical layer of networked infrastructure. The technology enables the network cable status and connectivity information to be determined without disruption to the cable connection or information integrity.
CableSense designs cable scanning products, to be used in a telecommunications room or an office server environment, which will automate management of computer network cabling.
The Grant for Research and Development (GRAND) is part of Solutions for Business, the UK Government’s package of publicly funded business support designed to help companies start and grow, helping entrepreneurs and business owners introduce innovative products and processes, including research trials and product testing.
GRAND is funded by the European Regional Development Fund (ERDF) with £1.1m, together with £1.2m from the NWDA.