Cre8Ventures houses start-up
The Cre8Ventures initiative of Mentor Graphics announced that it has helped incubate start-up Mirics Semiconductor at its Fleet offices, where Mirics has now headquartered their engineering and sales/marketing teams. Mirics last week announced sampling of a ground-breaking RF tuner product that was designed "right first time" using Mentor Graphics tools.
Cre8Ventures was established to help electronic start-up companies accelerate their ability to be successful. It aids start-ups during early stage growth by providing top quality, commercial standard office and lab space, and by removing some of the constraints of typical commercial letting agreements.
"Moving into the Cre8Ventures incubator office was a natural move," says Simon Atkinson, CEO, Mirics Semiconductors. "We have a long standing partnership with Cre8Ventures and when the time came for us to consolidate our activities onto a single site, Cre8Ventures was able to provide the perfect environment but without overly constraining letting terms. The office provided everything we needed to help us develop our business to what it is today; it's in a good location for customers, and puts us closer to Cre8Ventures."
Active support of start-up companies before they go public is extremely important. Cre8Ventures is working with many startups, all at different stages in their development. Cre8Ventures has enjoyed a strong relationship with Mirics since the company's inception in early 2004. As a result, they were the first to benefit from use of the Fleet offices.
"How we help start-ups varies according to their needs. Typically, discussions and activity focuses on the route-to-tools, route-to-funding, and route-to-market challenges," said Carson Bradbury, Director of Cre8Ventures. "But the initiative is constantly exploring novel ideas to shorten start-ups' run-way to revenue. Now that Mirics has emerged from stealth-mode - already with sampling products - we are extremely proud to share this news."
