Printer secures £580,000 funding package

A North West spin-out has secured a six-figure funding package to develop its innovative electronic printing technology.

Nano ePrint, which was spun-out of the University of Manchester, has agreed an £350,000 cash injection from investor MTI and a £250,000 grant from the Northwest Regional Development Agency. MTI’s investment has been made via the UMIP Premier Fund.

Formed in 2006, Nano ePrint’s patented technology dramatically simplifies the printing of integrated circuits.

Chief executive Scott White said:  “We are grateful for the support of MTI and the NWDA in further developing this groundbreaking technology.”

Ernie Richardson, managing partner of MTI, and a non-executive director of Nano ePrint said: “This is an excellent example of the kind of investment that the UPF fund is focused on – world class research from the University of Manchester, combined with input from serial technology entrepreneur Scott White, to create a company with mould breaking potential.”