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Establishment of The Consensus Imperial Innovations Commercialisation Centre

6 October 2006 -- Imperial Innovations Group plc (AIM: IVO), one of the leading technology transfer and commercialisation companies in the UK, has today entered into an agreement with Consensus Business Group to establish The Consensus Imperial Innovations Commercialisation Centre (CIICC).

This joint initiative will provide an intelligent technology sourcing service to a range of clients, including governments and large corporates, which will be introduced by Consensus Business Group from within its client base. The Centre will perform a range of functions from understanding client technology needs to identifying, packaging and broking technology solutions to meet these needs. Its specific activities will include:

  • Understanding corporate strategies and mapping their business priorities onto emerging technologies of high future importance
  • Identifying and packaging technology solutions to specific industry needs, drawing on the resource base comprising Imperial College, Imperial Innovations and its spin out companies, the companies in which Consensus Business Group has invested and with whom it has relationships, and other technology sources.
  • Developing interdisciplinary research and technology development programmes customised for individual companies
  • Technology workshops for knowledge matching and networking between industry and scientific entrepreneurs

    The Centre will be funded by Vincos Limited, the UK service company for Consensus Business Group, and managed by Imperial Innovations as an additional part of its business. Consensus Business Group is the designated investment manager for a major participant in the funding that accompanied the flotation of Imperial Innovations on AIM in July. The initiative re-inforces the close working relationship between Consensus Business Group and Imperial Innovations.

    Initially, services will be provided to technology-intensive governments and companies seeking access to next-generation technologies in advanced energy systems, natural resources and environmental sustainability, multifunctional materials, security, aerospace, automotive, information and communication technologies. However, it is expected that this will be expanded into other areas in due course.

    Susan Searle, CEO of Imperial Innovations, said, “The establishment of the Consensus Imperial Innovations Commercialisation Centre supports our focus on working with industry and governments ensuring that the technologies we develop have real customer application and complements our existing routes to market.”

    Vincent Tchenguiz, Chief Executive of Consensus Business Group, said, “We are delighted to expand our relationship with Imperial Innovations and look forward to facilitating the introduction of new technologies to Consensus Business Group’s portfolio of investments and business partners. These technologies will also be sourced for the US$250m MASDAR Clean-Tech Fund recently established by Consensus Business Group with the government of Abu Dhabi and Credit Suisse.

    “We anticipate significant market demand for the technology services that CIICC will be delivering – a demand that is already evident, both in the UK and globally.”

    For more information contact:

    Imperial Innovations
    Susan Searle, Chief Executive Officer +44 (0)20 7594 6591
    Lucy Ahfong, Marketing Communications Executive +44 (0)20 7594 6644

    Consensus Business Group
    Kevin A. Fallon, Investment Director +44 (0)20 7355 7806
    Seán Bellew +44 (0)20 7355 7957

    Patrick d’Ancona / Eleanor Williamson +44 (0)20 7153 1539

    About Imperial Innovations
    Imperial Innovations is one of the UK's leading technology transfer and commercialisation companies. The company was founded in 1986 and its ordinary shares admitted to trading on the AIM Market of London Stock Exchange plc in July 2006, raising £26 million. The company’s integrated approach encompasses the identification<

    Publisher Contact Information:

    Imperial College Innovations Limited
    +44 (0)20 7594 6591

    Company profile of Touchstone Innovations (formerly Imperial Innovations)
    Past press releases of Touchstone Innovations (formerly Imperial Innovations).

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