The Northern Powerhouse Investment Fund (NPIF), delivered by British Business Bank, has invested more than £11m into ambitious, high-growth small and medium-sized businesses in the Liverpool City Region in deals that have attracted an additional £8.2m invested from the private sector. Since its launch in February 2017, NPIF has delivered equity finance, debt finance, and microfinance solutions, ranging in size from £25,000 to £2m to businesses across the 10 Local Enterprise Partnerships (LEP) that make up the ‘Northern Powerhouse Investment Fund’ region. To date, NPIF has completed 58 investments in Liverpool City Region-based small and medium-sized businesses in a wide a range of sectors including manufacturing, digital technologies and life sciences. Notable investments include Simul Software, which creates innovative solutions in real-time rendering, initially aimed at the games and simulation markets. The company has secured a £150,000 investment from NPIF–Maven Equity Finance, managed by Maven Capital Partners working with MSIF in the Liverpool City Region. The investment will be used...Read More >
Bruntwood SciTech has been announced as a new shareholder in £12m Sciontec Liverpool, in a deal that will mean new world-leading facilities for the city. A major partnership deal has been struck that will boost the science and technology sector in Liverpool. Bruntwood SciTech has been announced as the fourth shareholder and private sector investment partner of Sciontec Liverpool in a deal that will mean new world-leading facilities across the city.
Mike Newton, founder of surveilance technology company, NetVu, says ‘AI is mostly limited to back-office business functions’ AI and analytics could plausibly remove the “human glue” that has traditionally governed so many processes and procedures. In much the same way that robots transformed entire swathes of the manufacturing sector, AI could feasibly change the way businesses can work with data. But – according to Mike Newton, founder and chairman of Northwich surveilance technology company, NetVu – we’re not there yet. When asked about the current role of AI and analytics, Newton explained: “People talk about artificial intelligence, but the vast majority is in fact inference, not intelligence. “It refers to machine learning and the ability to act on data, for example, the ability for machines to learn from past experiences and change the outcome of future decisions based on that data. “Like the industrial revolution and the introduction of machinery, automation was initially a means of eliminating repetitive, manual tasks,...Read More >