A FUND which backs business ideas forged at West Midlands universities has received a £1.5m cash injection.

Mercia Fund 1 has received just over £1m from the European Regional Development Fund, which is managed by the department for communities and local government and additional funding from six West Midlands universities.

The fund offers two types of investment. The first prepares and supports the start of ideas focused on key technology areas such as electronics, advanced materials, med......for the full story register now for free or login below...