Motorsport Valley Launchpad Showcase Directory of projects The content of this Motorsport Valley Launchpad Showcase directory of projects and accompanying materials has not been approved by an authorised person within the meaning of the and Markets Act 2000. Reliance on this Motorsport Valley Launchpad Showcase directory of projects and accompanying materials for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested.

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Innovate UK is the new name for the Strategy Board, the UK’s agency, an executive non-departmental public body sponsored by the Department for Business, Innovation and Skills. The Technology Strategy Board is incorporated by Royal Charter in England and Wales with company number RC000818. Registered office: North Star House, North Star Avenue, Swindon SN2 1UE. R&D funding of innovation projects in motorsport

This directory features 21 companies consultancy through the Motorsport in the UK’s Motorsport Valley cluster Valley Launchpad competition. Innovate UK is the new name for centred on Oxfordshire and the Technology Strategy Board – Northamptonshire. Fourteen of these The competition aims to accelerate the UK’s innovation agency. companies have conditional offers these projects towards commercial We know that taking a new idea of Innovate UK grant funding for their success, and stimulate the to market is a challenge. R&D projects. A further five development of the cluster by We fund, support and connect companies were shortlisted in the encouraging high-growth companies innovative businesses through competition and two more from the to engage with it. This competition not a unique mix of people and cluster are presenting at the investor only provides SMEs with funding for programmes to accelerate showcase day. R&D projects but, with the support of sustainable economic growth. the Motorsport Association Many of these companies are seeking (MIA) as cluster champion, supports further private investment to take their the growth of their businesses through projects forward. Innovate UK is connections with expert advisors, as investing up to £1.14m in innovative well as increasing access to the R&D-led projects in motorsport, investor community. high-performance and

Motorsport Valley Launchpad Showcase | 03 Contents

Launchpad Cluster Champion MIA Members Merry Printers...... 27 Motorsport Industry Association (MIA)...... 05 Libertine FPE Ltd...... 22 MacIntyre Hudson...... 27 Vayon Group...... 23 The MPA Group...... 27 Offered a grant in the Launchpad Competition Prova PR...... 27 Support providers from Pulse8 Media...... 27 Axon Automotive...... 07 the Motorsport Valley Rupert Barker...... 28 epm:technology...... 08 MEPC Ltd...... 24 Ridge...... 28 Ginetta-Juno...... 09 Northamptonshire Enterprise...... 24 Santander Corporate & Commercial...... 28 KW Motorsport Limited...... 10 Alexander Associates...... 24 Squire Patton Boggs...... 28 Lyra Ltd...... 11 Barclays...... 24 Steeles Law...... 28 Oxford nanoSystems Ltd...... 12 Burges ...... 24 VCA...... 29 Race Technology Ltd...... 13 CDD ...... 24 Withers & Rogers LLP...... 29 SS Tube Technology Ltd...... 14 Chantrey Vellacott...... 25 Torotrak Group...... 15 MA ...... 25 Weald Technology Ltd...... 16 Coller IP ...... 25 Advanced Fuel Systems...... 17 Collins & Collins...... 25 GEM MC...... 17 DWF LLP...... 25 Equipmake...... 17 Ellis Clowes...... 25 SMT Developments...... 17 Euro-Projects...... 26 Shortlisted in the Launchpad Competition GrowthAccelerator...... 26 Innovate 2 Make Ltd...... 18 Harris & Co...... 26 Meteor Power Limited...... 19 HGF Ltd...... 26 Vortex Exhaust Technology Ltd...... 20 Hazlewoods LLP...... 26 Virrtech Consulting...... 21 HMRC...... 26 Xtrac ...... 21 Jonathan Lee Recruitment...... 27 launchpad Motorsport Industry Association (MIA) cluster champion The Motorsport Industry Association (MIA) is the world’s leading trade association for the motorsport, performance engineering, services and tuning sectors. The MIA represents the specialised needs of this highly successful global industry as it undergoes continuing rapid development throughout the world.

The Right Honourable Lord Drayson of Kensington As part of the MIA’s diversification programme, is the Honorary President. Lord Drayson brings a which seeks to encourage the continued transfer unique range of business, motorsport and of ‘race bred’ innovation and capability from Parliamentary experience to the MIA, having been motorsport into many other sectors, we operate a working peer in the UK Parliament in 2004, and the following technology transfer initiatives; managing partner of Drayson Racing . K motorsport to automotive The MIA has embraced an ever-expanding K motorsport to defence international network of business contacts, the result K motorsport to marine being that today it boasts nearly 400 global members whose companies transact more than £9bn of K motorsport to aerospace motorsport business worldwide. K motorsport to space The MIA represents its members from motorsport, high performance engineering and tuning companies; race and rally teams; governing bodies; motorsport services; research organisations; race circuits; and colleges – among many others.

Motorsport Valley Launchpad Showcase | 05

Offered a grant in the Axon Automotive Launchpad competition Axon has developed a low-cost carbon-fibre technology for use in mass market

What is the market opportunity Who is in your team? that you have identified? Key individuals have been involved since the Axon’s material reduces the cost of using carbon- technology was invented at Cranfield . fibre so as to be competitive with We employ a team of engineers who are specialised (rapidly becoming the material of choice) at volumes in materials, structural design and vehicle of around 20,000 per year. Already offering niche crash-worthiness; several hold PhDs in their field. vehicle makers a route to cutting-edge technology, We also have a team of volume current developments are aimed at making our specialists with the skills to bring the technology material cost-effective in mass market applications into series production within a customer facility. of more than 100,000 units a year. What is your funding strategy for growth? What is your business model? Axon works with customers to bring this technology Axon will design, prototype and test vehicle to a range of markets. We are seeking investment structures and then install and license the patented in a specific vehicle application that we can bring technology for producers. This model focuses on to market. Using Axon’s low cost technology we higher value-adding activities and can be scaled believe this vehicle can get to market with a low with lower capital requirements. Axon offers new investment, high speed development approach. Units 5 & 6 Raymond Close entrants and early adopters a turnkey solution to Wollaston Industrial Estate deliver an advanced technology vehicle. Wollaston NN29 7RG

Contact Chris Taylor [email protected] 01933 663998 www.axonautomotive.com

Motorsport Valley Launchpad Showcase | 07 Offered a grant in the epm:technology Launchpad competition epm:technology is a high performance engineering business, manufacturing carbon fibre components and assemblies

What is the market opportunity Who is in your team? that you have identified? Every team member is important to our business We create value for clients by taking on complex and to making it better. We are currently growing challenges, cross-fertilising technology from from 70 employees to 150 per shift. high-end motorsport to allow volume production of composites parts and assemblies. We are What is your funding strategy for growth? entering new markets on the back of a £6.5m We are funded through hard and generating investment in our new technology centre. This will cash from the opportunities we tackle daily. enable us to demonstrate real-time R&D activities, We have also been successful in winning £4.75m and grow with the extra capacity. regional development funding for our technology centre. However, we are also exploring other funds What is your business model? to help develop staff and to build our new R&D Our model is to work alongside customers to centre. engineer and pioneer new solutions for their products. We then push these developments into production or transfer production to an OEM under a licensing agreement. Our model is all about ‘the 20 Victoria customer’, so we capture relationships and make Draycott them long term opportunities for epm technology. Derby DE72 3PS

Contact Graham Mulholland [email protected] 01332 875 451 www.epmtechnology.com

08 | Motorsport Valley Launchpad Showcase Offered a grant in the Ginetta-Juno Launchpad competition Ginetta-Juno and manufactures racing

What is the market opportunity Who is in your team? that you have identified? Ewan Baldry, technical director, is formerly a design We are looking at the composite manufacturing engineer with Rolls-Royce/, TVR Sportscars process along with our collaborators, and Williams F1. Ewan established Juno Racing epm:technology, with a particular focus on cutting Cars in the late 1990s. , the cost of producing structural advanced composite shareholder/investor, recently invested in the components. The project will result in the business, which has been renamed Ginetta-Juno. development of a carbon fibre and crashbox, Lawrence is a very successful businessman with which will constitute the key components for our interests in a number of areas including the already latest race and also for a dedicated trackday car. established .

What is your business model? What is your funding strategy for growth? Our customers tend to be young, career racing The recent tie-up with Ginetta provides Ginetta- drivers with financial backing or wealthy business Juno with the funding and investment necessary people who race as a hobby. As with many to make a success of the car projects on which the automotive companies, our business model means Launchpad project is focused. that we make modest margins on new car sales but Helios 47 enjoy greater margins with spare parts, service and Leeds technical support. As we operate in a competitive LS25 2DY environment, our worldwide customer base is hungry for performance upgrades. Contact Ewan Baldry, Technical Director [email protected] 07971 531763 www.junoracing.co.uk www.ginetta.com

Motorsport Valley Launchpad Showcase | 09 Offered a grant in the KW Motorsport Limited Launchpad competition KW Motorsport uses motorsport technology and experience to exploit composite and digital manufacturing technology

What is the market opportunity Who is in your team? that you have identified? Kieron Salter, founder and MD of KW Motorsport Lightweight, safe, carbon composite chassis and KW Special Projects, has 20 years’ experience are currently limited to supercars and high-end as a motorsport engineer. KWSP has recently motorsport applications. Using labour-intensive developed the capability to directly transfer materials and processes, they are expensive to motorsport technology to other sectors. Focusing produce. There is a market for carbon on performance engineering, advanced composites composite chassis – a proven technology from and digital fabrication, our engineers have aerospace – resulting in lower production cost complementary skills – including design, software, and greater recyclability. KWM’s solution, ToPCaT, simulation, automation and advanced materials – is a lightweight, recyclable carbon fibre chassis and a common determination to exploit technology that will be accessible to a wide range of affordable into high performance sectors. applications. What is your funding strategy for growth? What is your business model? Traditionally, we have been self-funded through We use our experience in motorsport to transfer sales and organic growth; we typically re-invest technology to other sectors. Our ethos is to identify 20 per cent of profits in R&D in the form of internal Unit 6 Reynard Park the technological advantages that high-performance projects and match-funded projects with bodies Brackley engineering in motorsport can bring to other sectors. such as Innovate UK. We are seeking investment to Northants We have expanded from a design consultancy of make ‘a step change’ to increase the level of R&D NN13 7RP performance engineers into a combined engineering invested and to take the growth step of and advanced manufacturing business. We focus commercialising the ToPCaT project into a niche Contact on high-performance engineering, transferability vehicle application. Kieron Salter of technology, digital fabrication and, in particular, [email protected] the latest additive manufacturing techniques. 01280 704768 www.kwspecialprojects.com

10 | Motorsport Valley Launchpad Showcase Offered a grant in the Lyra Electronics Ltd Launchpad competition Lyra Electronics develops cutting-edge electronics for green industries

What is the market opportunity Who is in your team? that you have identified? Lyra Electronics has more than 40 years’ automotive Lyra Electronics is developing a rapid charging experience, designing, developing and manufacturing system for electric vehicles. The market prediction electronic control systems. That includes more than for this type of charging system is 60,000 units 15 years in electric and hybrid vehicles. This gives a year by 2019. This would result in estimated us a keen insight into how the industry is developing £15m profit, assuming 5 per cent market share. and the issues it is facing with new technologies. The technology can also be used with fuel cells, The CEO of Lyra has previously run and grown wind turbines, military vehicles and complements an electronics department, involving business Lyra’s product portfolio, which includes EV control development, financial, personnel and technical units and sensors and advanced battery cell responsibilities. management systems. What is your funding strategy for growth? What is your business model? Having grown organically, Lyra Electronics is now Lyra sells products to companies developing seeking investment to accelerate growth, initially electric vehicles and those installing charging to provide matched funding for the Motorsport Blythe Valley Innovation Centre infrastructure, and also licenses to other companies. Valley Launchpad project. Further investment Central Boulevard The consultancy side enables us to keep up to date will enable Lyra to grow and exploit that and Blythe Valley Business Park with the needs of the industry while our portfolio other projects, including through a Smart award. Solihull, West Midlands addresses the product requirements of our This investment will enable Lyra to grow more B90 8AJ customers. Financial support enables development quickly and to be a leader in the electric vehicle of advanced technology and higher value products, and green industries markets. Contact resulting in higher profits. Pete James, Director [email protected] 0121 667 9832 www.lyraelectronics.com

Motorsport Valley Launchpad Showcase | 11 Offered a grant in the Oxford nanoSystems Ltd Launchpad competition Oxford nanoSystems (ONS) is developing engineered nano surfaces for more efficient heat transfer

What is the market opportunity Who is in your team? that you have identified? Our team at the Harwell Oxford site is headed by Heat transfer is a critical process for temperature experienced entrepreneur David Gahan (founder: management and energy production. ONS has Oxsensis Ltd) and nanotechnologist Alex Reip. developed a surface nanocoating which can more The company is supported by Professor Peter than double the rate of heat transfer in heat Dobson, a national adviser on nanotechnology, exchangers in automotive applications, such as and benefits from world class test and energy recovery, cooling and air conditioning, characterisation facilities on site provided by saving energy and weight. Further applications are the Science and Technology Facilities Council’s in industrial waste heat recovery, air-conditioning Innovation Technology Access Centre. and geothermal and ground-sourced heat generation – all key green technology targets. What is your funding strategy for growth? We are already fulfilling sample orders for evaluation What is your business model? and characterisation from engineering and scientific ONS’s nano-coating is highly effective, yet simple groups. ONS is benefiting from support under the to apply to complex shapes such as heat exchangers Launchpad programme to develop its technology ESA Business Incubation Centre and their components. We can offer a contract and engage with large industrial and automotive Harwell Oxford Science and Innovation service to coat small parts but has a licensing customers. The company has been privately funded Campus model for larger assemblies and industrial volumes. to date but is expecting to raise funds on the angel Didcot investor/VC market in early 2015. Oxfordshire

Contact David Gahan, CEO [email protected] 07767 338 096 www.oxfordnanosystems.com

12 | Motorsport Valley Launchpad Showcase Offered a grant in the Race Technology Ltd Launchpad competition Race Technology designs and manufactures electronics for motorsport, automotive, rail and off-highway vehicles

What is the market opportunity Who is in your team? that you have identified? We have 20 employees, including experts in We are developing an innovative distributed power mechanical, electronic and software engineering, control network. The traditional wiring loom will be technicians, sales and support staff replaced by a network of small solid state electronic modules that are more robust, easier to install, What is your funding strategy for growth? easily expandable, cheaper, and allow improved Race Technology develops ideas through to electrical power management – reducing carbon manufacture of finished products for sale directly emissions through reduced weight and improved and through an existing and expanding network efficiency. The traditional wiring loom is replaced by of worldwide distributors. a single wire that connects the modules and carries power and data around the vehicle.

What is your business model? Race Technology has been operating since early 2002 and activities can be broadly split into three After 12 categories: supply of data loggers, display units King Street and sensors from our standard product range; Eastwood development of custom products for clients; Nottingham and consultancy work. NG16 3DA

Contact Lorne Winborn, Director [email protected] 01773 537620 www.race-technology.com

Motorsport Valley Launchpad Showcase | 13 Offered a grant in the SS Tube Technology Ltd Launchpad competition SS Tube Technology designs and manufactures bespoke, advanced tubular fabrications and thermal management systems for high tech industries

What is the market opportunity Who is in your team? that you have identified? The project will be driven by our strong team of We develop metallic-based insulation products engineers, who have experience in designing for the motorsport and energy markets, in harsh products in high temperature applications also in environments where extreme temperatures, highly composites. We will work with Imperial College to corrosive conditions and severe vibration loads draw upon the skills and experience they have in are experienced. Current products are heavy, have the field of . temperature limitations and are costly to produce. SSTT sees an opportunity to overcome these What is your funding strategy for growth? problems by developing a commercial Our strategy will combine capital and shareholder matrix insulation solution. investment with part-funded technologically driven projects, working with Innovate UK and regional What is your business model? growth fund to ensure our technology offering We will undertake initial sample trials through and facilities are world class and set us apart from existing customers in the motorsport fraternity. the competition. We then plan to diversify the product into other sectors who will be more receptive, knowing the Sutton Farm product is already part-proven to a technology Sutton readiness level 3-4 . Once fully exploited, our Witney potential business opportunity from this product OX29 5RD stream is an estimated revenue of around £5.2m sales in four to five years. Contact Daniel Chilcott, MD [email protected] 01865 731018 www.sstubetechnology.com

14 | Motorsport Valley Launchpad Showcase Offered a grant in the Torotrak Group Launchpad competition Torotrak is a low carbon vehicle technology developer and manufacturer, offering three core technologies across a wide range of vehicle applications

What is the market opportunity Who is in your team? that you have identified? Following the purchase of Flybrid Automotive, Each of our innovative products meets a different developers of Flybrid KERS technology, Torotrak’s market need; focus for the MSVLP project is an team now includes industry-leading expertise in ultra-low cost, ultra-lightweight Flybrid KERS unit, the development and manufacture of flywheel initially destined for karting. However, the scaling hybrid technology, in addition to outstanding down of this already lightweight and low-cost existing expertise in toroidal CVT or traction drive technology will also open up opportunities in technology. With an executive team small passenger vehicles such as three-wheelers, representing the best of both Torotrak and Flybrid, motorbikes and scooters. This market is extensive the enlarged group is pushing forward to market in both Europe and Asia, where fuel efficiency with the first application for Flybrid KERS in buses improvements are key. in 2015.

What is your business model? What is your funding strategy for growth? Torotrak offers a full engineering service to the Torotrak generates revenues from granting customer, using its extensive IP portfolio in the pre-production licences to Tier 1 and OEMs such 1 Aston Way three core technologies to deliver projects from as Allison Transmission, Inc, undertaking paid-for Leyland concept to low volume manufacture. For larger customer development programmes and offering Lancashire volume applications, we apply a licensing model, application engineering services. From 2015, we PR26 7UX with extensive engineering support available from expect to generate revenue from the manufacture the team of experienced designers and development and sale of lower volume products, starting with Contact engineers, and in-house build and test facilities. Flybrid KERS for buses. For higher volume markets, Jon Hilton, Product Development & Sales such as passenger cars, we will earn per-unit Director royalties based on product sales by licensees. [email protected] +44(0) 1327855190 www.torotrak.com

Motorsport Valley Launchpad Showcase | 15 Offered a grant in the Weald Technology Ltd Launchpad competition Weald Technology is an award-winning company collaborating in the development of high-efficiency electric vehicle drivetrains

What is the market opportunity Who is in your team? that you have identified? Phil Edwards, founder and managing director, works Low-carbon drivetrains have not been adopted in full-time in the business. The engineering, strategy, the HGV, off-highway and defence sectors, yet they and finance roles are currently filled part-time in represent a huge potential market. Electric drivetrain return for ‘sweat equity’. These individuals will systems, while able to capture the huge amounts of assume full-time or non-executive positions in energy they generate and deliver the peak power due course. All team members have a track record required, are heavy and bulky. That limits the at board level in technology and engineering operational capacity of the vehicle to the point that organisations, and our finance director has steered it is not yet commercially viable. Our funded project a company through AIM flotation. aims to demonstrate a s capable and viable system. What is your funding strategy for growth? What is your business model? We are seeking investment to match-fund the We are technology developers. Our collaborative, Innovate UK grant, allowing us to undertake the grant-funded project will take our novel technology 12-month project and deliver a proof-of-concept to demonstrator level, and collaboration with a demonstrator. During that time we will secure our IP, global engineering organisation provides us with a undertake further market testing, and continue 7 Olives Meadow route to high-volume manufacturing capability. talking to fleet operators to ensure market pull. Uckfield Revenues will be generated initially from engineering We will seek further grants, and another round of East Sussex consultancy and then from sales of drivetrains. funding, in 12 months to move from demonstrator TN22 1QY to prototype and on to production. We hold SEIS/ EIS Advanced Assurance. Contact Phil Edwards, managing director [email protected] 01825 761890 www.weald-tech.co.uk

16 | Motorsport Valley Launchpad Showcase Offered a grant in the Additional summary profiles Launchpad competition

Advanced Fuel Systems Equipmake Using a monolithic cell process unique Equipmake is working with Delta Motorsport Ltd to to Advanced Fuel Systems, our FIA-approved fuel design a new ‘inverter’, converting direct electrical cells can be manufactured with compound curves current (DC) into alternating current (AC) to which our competitors cannot achieve. The result is efficiently deliver electrical power for low-volume that your car can carry more fuel and carry it lower production applications. This will allow hybrid – improving tank range whilst lowering your car’s systems to be used in motorsport and low-volume centre of gravity. niche vehicle manufacturing. www.advancedfuelsystems.com www.equipmake.co.uk

GEM MC SMT Developments GEM MC specialises in bespoke advanced electric SMT Developments has been a specialist in highest motor/generator systems with unique integrated quality electronics assembly for more than 13 years. controls. We strive to deliver a highly efficient drive As specialists in (PCB) train solution for a given power and torque prototyping and assembly, and as one of the UK’s requirement that is significantly smaller and lighter, leading electronics manufacturers, our knowledge and with greater cost effectiveness than any other and expertise provides the highest quality PCBs, competing technology. exactly when you need them. www.gemmc.com www.smtdevelopments.co.uk

Motorsport Valley Launchpad Showcase | 17 Shortlisted in the Innovate 2 Make Ltd Launchpad competition Innovate 2 Make is an engineering company that provides a comprehensive range of metal 3D services for developing industrial

What is the market opportunity Who is in your team? that you have identified? Ian Campbell began in the aerospace sector with 3D printing is a high-growth market with a clear British Aerospace (Air Weapons Division) and was and current opportunity in high-tech manufacturing, one of the first in the UK to use computer-aided especially in F1/motorsport, space, aerospace and design. Mike Kelly had a long career in production medical. Longer term, there is also an opportunity engineering within the UK avionics and in mainstream manufacturing, which will be communications industry. Dr Bruno Le Razer has considerably greater, but slower to build. over 15 years’ experience with metal 3D printing. Dave Cooper graduated in 2010 with a MEng What is your business model? (First) in mechanical engineering from the University We aim to be the premier 3D print provider to the of Warwick. high-tech and high-precision engineering industry in the UK. We will use the design and fulfilment What is your funding strategy for growth? expertise of our team to meet current demand Both management shareholders have made through our relationships in F1, motorsport and significant personal investments and there has been aerospace. We have a full service offering – we are funding from high net worth individuals, angel 67 Melchett Road not just a ‘jobbing shop’ – and offer best technology, investors and/or VCT funding in the early stages, Kings Norton Business Centre highest spec materials and market-leading design supported by significant government grants. Kings Norton expertise. We will involve in the medium term. Birmingham B30 3HP

Contact Ian Campbell, managing director [email protected] 07850631299 www.i2m.co.uk

18 | Motorsport Valley Launchpad Showcase Shortlisted in the Meteor Power Limited Launchpad competition Meteor Power is developing the only electric motorcycle capable of taking on the best of the petrol superbikes

What is the market opportunity Who is in your team? that you have identified? Founder Mike Edwards is a former global head of Forecasts suggest the electric motorcycle market technology strategy, turned motorcycle racer, will be more than three times bigger than for electric turned race team manager. Several years in the cars and Western Europe will be a bigger market World SuperBike paddock were followed by race than the US. There are a few electric commuter wins and lap records in British SuperBikes. He is bikes, such as Brammo and Zero, plus a few joined by the most capable electronics strategy medium-sized sports bikes but no electric guru in the UK, a proven MotoGP chassis designer superbikes as yet. A niche market in electric and a brace of highly experienced electronics superbikes will open up for machines faster than hardware and firmware engineers. Meteor also petrol bikes. has with F1-focused FEA and CFD companies and manufacturers. What is your business model? Completing our prototype should prove What is your funding strategy for growth? performance and handling benefits with chassis Starting with a Smart award for innovation, Meteor design, electronic strategies and electric powertrain is now seeking funding for all three development developments. Being capable of beating petrol phases, to take us all the way through to bringing Stable Cottage bikes on a race track will help drive sales in the high performance electric motorcycles to market. Little Tingewick, niche high-performance electric motorcycle Sales of bikes, licensing of patented and other Buckinghamshire market. New electronic control systems, protected technology, coupled with tax MK18 4AG in battery pack cooling and class-leading energy and patent box, will yield a profitable and enduring and motor technology will usurp petrol as the business. Contact powertrain of choice. Mike Edwards, CEO [email protected] 07775 833 965 www.meteorpower.com

Motorsport Valley Launchpad Showcase | 19 Shortlisted in the Vortex Exhaust Technology Ltd Launchpad competition Exhaust and emissions systems for diesel, gas and petrol

What is the market opportunity Who is in your team? that you have identified? Barry Mead, Andrew Martin, Natalie Stitchman Our aim is to develop low carbon fuel saving and Mark Messer. systems for all forms of road vehicles, off-road, marine, rotary drone, motorbike, What is your funding strategy for growth? generator, racing vehicles, and plant and equipment. We are growing by product development for all four-stroke engines. We get funds from local What is your business model? government (Tiger fund), grants for R&D from All of our products are created from new patents, Innovate UK and other development funds. tested and refined into commercial products. We We have commercialised fleet vehicle systems. devote more than half of our resources to R&D.

53 Towers Road Globe Industrial Estate Grays, Essex RM17 6ST

Contact Mike Campbell, R&D Director [email protected] 01375 372037 www.vortexexhausttechnology.com

20 | Motorsport Valley Launchpad Showcase Shortlisted in the Additional summary profiles Launchpad competition

Virrtech Consulting Xtrac Virrtech Consulting offers clients an individually Xtrac is the world leader in the design and tailored service depending on their requirements. manufacture of gearboxes, differentials and driveline We provide added value to a client’s existing in F1, IndyCar, Touring Car, Rallying, GRAND-AM engineering resource. That can be either through and Endurance Sportscar races. Employing 270 on-site consultancy and training using existing staff, we have built on our motorsport successes resources or by performing analyses back at our by securing projects in the aerospace, automotive, offices using leading edge commercial hardware military, hybrid vehicle and marine industries. and software. www.xtrac.com www.virrtech.co.uk

Motorsport Valley Launchpad Showcase | 21 cluster participant presenting Libertine FPE Ltd at showcase event Libertine makes efficient linear power systems for small scale power generation, heating, cooling and transport

What is the market opportunity Who is in your team? that you have identified? Sam Cockerill, founder and chief executive, The global market for sub-150kWe power has 20 years in motorsport, consumer product generation, waste heat recovery, and cooling development and consulting with Bain & Company (including transport applications) is worth in excess and holds an MBA from INSEAD. Ed Haynes, of £150bn annually. Libertine’s initial markets include chief technology officer and co-founder, led kinetic UK and EU waste heat recovery and biogas power energy recovery development at Williams F1 generation. Intellectual property sales from 2016 and has 20 years’ experience in F1 powertrain will be targeted at OEMs in static/transportable systems design and development. Chairman small power generator industries and at automotive Derek Shepherd was main board director of OEMs/Tier 1 contractors worldwide. Aggreko plc, Aggreko International into a $1bn revenue business. What is your business model? Libertine’s core business is the development and What is your funding strategy for growth? licensing of intellectual property for linear power Libertine is raising £300k to complete an £800k and free piston systems. In addition, Libertine will funding round (Enterprise Investment Scheme manufacture and sell linear electrical machines and approved) to support development and marketing Airfield House expander devices. of its linear power systems during 2014-15. Kingston Bagpuize Business Park In June 2014 Libertine successfully closed £530k Abingdon of new equity investment as part of this round. OX13 5FF This is an opportunity to participate in a high-growth clean technology business with potential to Contact generate substantial capital growth within a five-year Sam Cockerill timeframe. [email protected] 07740 488130 www.libertine.co.uk

22 | Motorsport Valley Launchpad Showcase cluster participant presenting Vayon Group at showcase event Vayon specialises in the design and development of electric and hybrid power systems, primarily for vehicles

What is the market opportunity Who is in your team? that you have identified? Vayon provides a structured environment within The clean technology market is expanding rapidly, which its group companies can flourish without driven by new legislation restricting emissions. restrictions. The experienced senior management By combining a number of smaller but expert team takes responsibility for finance, administration, companies, Vayon has created an outstanding marketing, HR, and IT, leaving our rising stars to technical resource for vehicle manufacturers and focus on what they do best – design, innovate and system integrators to call upon for special projects. deliver. Vayon is backed by a group of venture As well as a full system consultancy and capital and private equity investors including prototyping service, we supply modular high Yellow&Blue, a Dutch-based investment fund, and voltage battery systems, intelligent chargers, led by entrepreneurial chairman Shane Hussain. telematics software, power electronics and high voltage components. What is your funding strategy for growth? Vayon operates a ‘buy and build’ strategy with What is your business model? three acquisitions so far in 2014 and another two Vayon provides specialist expertise in the form of scheduled for this year, subject to contract. 8 Manor Business Park a one-stop-shop to support OEMs working on Vayon will continue to expand its capabilities within Grants Hill Way electric and hybrid power systems including the clean tech sector with more acquisitions. Woodford Halse automotive, marine, solar, wind and industrial Further investment of £1.5m is planned for late Northamptonshire projects. Projects are consultancy led and 2014 and a final round of £3m is expected to be NN11 3UB encompass design, prototyping, testing, integration required for 2015. and pre-production manufacture. Products include Contact configurable high voltage battery systems Shane Hussain, Chairman (patents pending), power modules, [email protected] intelligent chargers, cable assemblies, harnessing, +44 (0) 1327 828 123 power electronics and software. www.vayongroup.com

Motorsport Valley Launchpad Showcase | 23 Support providers from the Motorsport Valley

MEPC Ltd Northamptonshire Enterprise Alexander Associates Barclays MEPC Ltd manages seven of the The Northamptonshire Enterprise Alexander Associates provides a Barclays is a major global financial UK’s best known business estates, Network supports the variety of practical human resource services provider engaged in including Silverstone Park. Together Northamptonshire High Performance consultancy services covering, personal banking, cards, they provide over 7.5m sq ft of high Technologies Network, a unique recruitment, executive search, corporate and investment banking quality accommodation for more concentration of industries that organisation structure, management and wealth and investment than 1,000 organisations, employing specialise in the design and development, performance management with an extensive over 22,000 people. With a portfolio manufacture of innovative appraisal, training, remuneration international presence in Europe, the in excess of £700m, we stand as a technologies, engines and products, advice, culture change and HR Americas, Africa and Asia. With over leader in our field. incorporating low carbon engineering strategy. Established for 20 years, 300 years of history and expertise in www.mepc.com and the application of lightweight its clients range from F1 Teams to banking, Barclays operates in over materials. This distinctive network of owner-managed businesses. 50 countries and employs 140,000 more than 1,000 companies forms a We have been an MIA member people. Barclays moves, lends, comprehensive and unique industry since 2000. invests and protects money for supply chain. www.motorsportrecruitment.com customers and clients worldwide. www.northamptonshireep.co.uk www.barclays.com

24 | Motorsport Valley Launchpad Showcase Support providers from the Motorsport Valley

Burges Salmon CDD Design Chantrey Vellacott CMA Marketing Burges Salmon LLP is a leading UK CDD Design lives and breathes Chantrey Vellacott is an established CMA Marketing was founded to be law firm with global reach. Our motor digital ideas creation, strategic top 25 national firm of chartered the ultimate marketing resource for industry lawyers have an unrivalled planning and consulting. We help accountants. We are able to provide motorsport and high performance understanding of, and passion for, translate your ideas into fully-fledged access to traditional and alternative engineering companies. We the industry. Combining in-depth plans. We have had the experience funding and can advise on specialise in: strategic marketing, sector knowledge with technical of building bespoke and beautiful structuring of both debt and equity brand management, online excellence across a broad range of web applications for start-ups and investments into businesses. We marketing, web and digital media, legal disciplines, we deliver for established global brands, and have particularly strong expertise in advertising, media planning and innovative and commercial legal we will be able to share all that R&D tax relief and are able to offer buying, video and film production, advice on both domestic and experience with you too. We believe general tax, VAT and accounting corporate literature design, data international motor industry matters. that simple design makes for a advice. sourcing & lead generation, printing We advise on all aspects of the beautiful user experience. www.cvdfk.com and direct , marketing systems, , from supply www.cdd-design.com . chain contracting and supply issues www.cma-marketing.net to regulatory compliance and buyer/ supplier disputes, including product liability issues. www.burges-salmon.com

Motorsport Valley Launchpad Showcase | 25 Support providers from the Motorsport Valley

Coller IP Management Collins & Collins DWF LLP Ellis Clowes At Coller IP Management we We are sales development National law firm DWF LLP offers Ellis Clowes & Company Limited has understand that realising value from consultants, Collins & Collins. Tim specialist advice in all areas provided professional and personal intellectual property and wider and Julie deliver consultancy and connected to the motorsport and insurance services to the global intangible assets is vital to your training in sales, marketing, business automotive industries, from the motorsport industry for over 30 business. We combine patent presentations and exhibitions, manufacturer/developer of the years. We represent world-class attorney and commercial expertise designed to help companies sell smallest component to the team on clients within all sectors of to deliver IP management, valuation themselves better. our sales the grid. Understanding the motorsport including Formula One, and monetisation services that and marketing health check now and challenges of rapidly evolving and A1, GP2, Touring Cars, NASCAR, unlock the potential of business see an immediate impact on your increasingly sophisticated market WRC, Moto GP, Superbikes and assets. We work at all levels within business. conditions and with a firm grip on all various Works Formula. Our organisations, from start-ups to www.collinscollins.co.uk the issues, DWF’s automotive team experience and passion for the multinationals, and with the investor will keep your business moving. industry has given us a deep community. www.dwf.co.uk understanding of the structure of www.collerip.com motorsport. Our products and services protect and add value to racing teams, racing drivers/riders, sponsors, organising bodies and event co-ordinators. www.ellisclowes.com

26 | Motorsport Valley Launchpad Showcase Support providers from the Motorsport Valley

Euro-Projects GrowthAccelerator Harris & Co HGF Ltd Euro-Projects Recruitment is a GrowthAccelerator is a unique As sponsors and competitors in Recommended by all major rating specialist technical and executive service led by some of the country’s motorsport for over 30 years, Harris agencies, HGF Ltd is one of the UK’s recruitment consultancy. Started by most successful growth specialists & Co has a first-hand knowledge of leading firms of patent and trade engineers for engineers, we have a and backed by Government. You’ll the sport’s accounting and tax mark attorneys. We provide practical unique understanding of the find new connections, new routes to requirements. We are specialist advice on all aspects of IP for challenges faced by your company investment and the new ideas and motorsport accountants who have motorsport businesses. Our when you need to recruit top strategy you’ll need to further grow advised on: Funding for start-ups, dedicated automotive group has the engineering and management talent. your business and achieve its full including racing teams; Tax and proven skill set to help you succeed From graduate employment to board potential. motorsport; R&D tax credit claims. in your arena. level technical directors, our experts www.growthaccelerator.com www.harrisandco.biz www.hgf.com will help you to specify, find, select and attract the best talent for your business. www.europrojects.co.uk

Motorsport Valley Launchpad Showcase | 27 Support providers from the Motorsport Valley

Hazlewoods LLP HMRC Jonathan Lee Recruitment Merry Printers Hazlewoods LLP is a top 40 firm of HMRC is the UK’s tax authority - Jonathan Lee Recruitment has Merrys began trading in 1926, accountants with long standing responsible for making sure that offices in Wakefield, Leicester, supplying the local hat trade and the expertise in the advanced money is available to fund the UK’s Stourbridge, St.Albans and Basildon Whitbread Group of companies. In engineering sector. Our team public services and for helping supported by overseas recruitment the last 40 years we have grown to advises many high profile families and individuals with targeted partners. We have been providing a include clients from the motor businesses in the industry on financial support. specialist recruitment service to the industry and racing fraternity. For everything from R&D tax credits to www.hmrc.gov.uk international engineering and business cards and short runs we international trade and their in-depth manufacturing industries for 33 recommend our four-colour digital knowledge and experience helps our years. This now covers contract and service and for runs over 1,000 clients understand the issues they permanent roles up to senior copies our conventional litho face and how best to manage them. management level in engineering, printing. www.hazlewoods.co.uk manufacturing, purchasing and www.merryprinters.co.uk supply chain and finance and to director level through our executive search arm Factura. www.jonlee.co.uk

28 | Motorsport Valley Launchpad Showcase Support providers from the Motorsport Valley

MacIntyre Hudson The MPA Group Prova PR Pulse8 Media MHA MacIntyre Hudson is a top 20 The MPA Group is a market leading Prova PR is one of the country’s Pulse8 Media specialises in the UK national firm of chartered specialist in reducing corporation tax leading motorsport and automotive creation of visual motion content and accountants with offices throughout bills for companies. We have communications consultancies and broadcast production for , the UK. We have specialists covering reclaimed £20mon behalf of our widely respected as a trusted radio, online and events. Be it areas such as business strategy and clients from the R&D tax credits provider of leading edge PR corporate video, motion content for growth support, tax planning and scheme alone and aim to do the programmes. The British motorsport marketing, communications and advice, corporate finance and same under the Patent Box scheme. industry leads the world in terms of sponsorship activities across the full employee remuneration. We deal Our industry specialists work for imaginative solutions and processes spectrum of media channels, TV with many sectors including companies across the UK to identify, – and we seek to mirror the work of programme and commercials, manufacturing and engineering, apply and claim their full entitlement our clients with PR programmes motion graphics, digital archiving or technology and high growth – even where companies have not driven by passion, purpose and the live event television, radio, AV and businesses. seen the work as R&D. We are proud demand for results. online streaming, Pulse8 looks www.macintyrehudson.co.uk to count MIA members among our www.provapr.co.uk forward to working with you. clients, and our experience in the www.pulse8media.co.uk motorsport and automotive sector ensures that our clients receive maximum value from the scheme. www.thempagroup.co.uk

Motorsport Valley Launchpad Showcase | 29 Support providers from the Motorsport Valley

Rupert Barker Ridge Santander Corporate & Squire Patton Boggs Rupert Barker (MD) is a chartered Ridge is an award-winning top 40, Commercial Squire Patton Boggs has one of the psychologist with over 25 years multi-discipline property and At Santander Corporate & most respected automotive legal experience of independent practice. construction consultancy with offices Commercial, we have a simple vision teams worldwide, with a real He has worked in a wide variety of across the UK and delivering – to view banking through our understanding of our clients’ needs. settings, sectors and countries, projects worldwide. Core disciplines customers’ eyes. It starts with the With an expanding presence in the delivering development programmes include building surveying, quantity simple question, what do our motorsport world, our work is based for organisations, teams and surveying, project management, customers want? on sound legal knowledge and vast individuals. architecture, mechanical and Our customers tell us they want a experience, and our advice is His key areas of expertise are electrical engineering, structural and relationship with people who take straightforward and commercial. leadership and team development, , infrastructure time to fully understand their Succeeding in this sector requires coaching and mentoring, management, CDM coordination, business, that seeks to engage in results-orientated, global legal organisational analyses, corporate legal support services, sustainability their success and fuel their advisors in areas such as change and development consultancy and BREEAM ambitions. commercial transactions, trade assessment. regulations, product liability, programmes, and management skills www.santandercb.co.uk training. He has designed executive www.ridge.co.uk environmental, labour and IP law. development centres, from the initial www.squirepb.com analysis through scenario construction to implementation and delivery, allied to the development of value and competency sets. www.rbmg.co.uk

30 | Motorsport Valley Launchpad Showcase Support providers from the Motorsport Valley

Steeles Law VCA Withers & Rogers LLP Steeles Law is a modern, vibrant VCA is an executive agency of the Withers & Rogers LLP is a leading company providing a full range of Department for Transport and is the UK firm of patent and trade mark legal services. As proud MIA UK vehicle type approval authority. attorneys with jurisdiction across members, we work with some With more than 40 years of Europe. We provide a range of renowned names in motorsport, experience, VCA supports the Intellectual Property related services advising on commercial, intellectual automotive sector by providing in all important technical and legal property and related matters. The internationally recognised testing disciplines. Internationally, our Legal 500 independent guide and certification for vehicles, their advanced engineering group described our team as “fantastic, systems and components. Services advises first-tier automotive suppliers responsive and constructive: worth are provided from a number of in the US and Japan. In the EU we every penny.” strategic locations in the UK and advise automotive prime contractors, www.steeleslaw.co.uk overseas. VCA is also a respected first-team suppliers and specialist management systems certification and off-highway vehicle body. manufacturers. www.dft.gov.uk/vca www.withersrogers.com

Motorsport Valley Launchpad Showcase | 31 Innovate UK is the new name for the Technology Strategy Board – the UK’s innovation agency. We know that taking a new idea to market is a challenge. We fund, support and connect innovative businesses through a unique mix of people and programmes to accelerate sustainable economic growth.

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