Five tech start-ups based at Sheffield Technology Parks are doubling down on research, innovation, and business expansion after securing a total of over £1.2m in investment throughout summer 2023.
One of the five start-ups to receive investment this summer is Future Greens, a vertical farming company that has secured a six-figure sum. Its team is researching and developing sustainable farming methods that use food waste as the primary energy source and is looking for new Sheffield-based premises to build a vertical farm.
The start-ups, which range from an app that enables safe, shared, and sustainable travel to a health tech company creating pioneering programs to reverse chronic diseases, have received financial backing from a range of sources, including venture capitalists, private Angel Investors, and grant funding.
Part of the Cooper Project, Sheffield Technology Park’s business incubator, the start-ups are given workspace, business guidance, and coaching to help them develop their ideas, establish business strategies, and seek investment to support their growth.
The secured funds will be invested in a range of activities, many delivering benefits for the region’s economy. This includes job creation, investments in equipment and premises, and partnering with other organizations to conduct crucial research to underpin tech products and services.
Read the entire article at The Business Desk