Angle PLC
24 January 2006
For Immediate Release 24 January 2006
ANGLE plc
Contract Extension: Innovation Support Project with the
London Development Agency
ANGLE plc, the venture management and consulting company specialising in the
commercialisation of technology is pleased to announce that it has won a
continuation of the SME Innovation Support Project with the London Development
Agency for a further two years. The project extension has a total contract value
of £2.2 million, of which £800,000 is ANGLE fees with the balance being grants
to companies and project expenditure. The contract extension runs from January
2006 for 27 months.
The extension of the SME Innovation Support Project, which is part-funded by the
European Regional Development Fund, builds on the successful delivery of
consulting work provided by ANGLE to over 50 SME organisations. The aim is now
to work with over 150 companies to generate over 50 products, stimulating
innovation within the London Objective area by providing easier access to
expertise, particularly from London's universities and research institutions.
The Innovation Support Project also addresses local needs by increasing
competitiveness of SMEs through improved innovation and technology assistance.
Specifically, it aims to:
• Raise understanding of innovation and the benefits it can bring to a
business;
• Help SMEs to identify innovation needs and opportunities;
• Facilitate links to sources of innovation and knowledge and support
the transfer and exploitation of knowledge;
• Provide small scale grant funding to encourage SMEs to implement and
exploit identified knowledge and innovation opportunities;
• Encourage collaborative innovation and technology transfer between
academic and research institutions and business;
• Build on the success of the current project to develop a pan-London
delivery model.
Andrew Newland, Chief Executive of ANGLE plc said:
'We are delighted to have been awarded this significant contract extension,
which highlights the success that we are presently experiencing in our UK
consulting business and strengthens our platform for ventures activity.'
For further information
ANGLE plc +44 1483 295830
Andrew Newland, Chief Executive
Ian Griffiths, Finance Director
Buchanan Communications +44 20 7466 5000
Richard Darby, Suzanne Brocks, James Strong
Note to editors:
About ANGLE
Founded in 1994, ANGLE is an international venture management and consulting
company focusing on the commercialisation of technology and the development of
technology-based industry. ANGLE creates, develops and advises technology
businesses on its own behalf and for its clients. ANGLE operates from offices
in the UK, the US and the Middle East.
ANGLE is listed on AIM (AGL.L); further information can be found at
www.angleplc.com
This information is provided by RNS
The company news service from the London Stock Exchange