25/03/2015

Two triumph at ESTnet awards

Following the recent 2015 ESTnet Awards, Leanna Davies, Investment Executive in Finance Wales’ new investments team on how Finance Wales’ investments are backing winning Welsh technology businesses.

The third annual ESTnet Awards celebrated excellence in Wales’ growing electronics and software technologies sector and I was pleased that 2 tech companies in our portfolio achieved recognition on the night.

Yard Digital

Cardiff-based web analytics and data agency, Yard Digital picked up ESTnet’s Company of the Year under £10 Million Turnover award in recognition of its commitment to technical innovation.  The forward-thinking company benefitted from a six-figure loan from Finance Wales.

SmartKem

Semiconductor specialist, SmartKem won the Innovative Product of the Year. The St Asaph-based company’s tru-FLEX product is now used in a new generation of flexible displays and touch screens for consumer devices such as smartphones and smartwatches. 
 
Alongside other co-investors, early stage equity investment from Finance Wales helped SmartKem to complete its R&D and commercialise tru-FLEX.

Both are excellent examples of what innovative Welsh businesses can achieve with the right funding.  Finance Wales’ range of finance options now includes the Wales Technology Seed, which provides technology start-ups with the financial backing they need to commercialise innovative new products, services and technologies.

We look forward to backing more award-winning Welsh technology companies in 2015.