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"PA's Summit of leading entrepreneurs and investors highlighted the potential of the eastern region, and of the UK, to lead the way in the biggest markets of biomedicine, IT, clean tech and food science."
GEORGE FREEMAN, MEMBER OF PARLIAMENT, UK

Summit of Cambridge technology entrepreneurs charts the way for high tech business growth despite limited bank lending

27 April 2011

'Multi Billion Entrepreneur' Hermann Hauser and high tech MP George Freeman address PA Consulting Group Cambridge Summit on 19 April 2011 on how emerging technology companies can flourish in an economic climate where there is little appetite from banks and investors for risky, long-term investments.

The Summit, held at Clare College Cambridge, by PA - the leading management and IT consulting and technology firm, focussed on creating commercial advantage from technology. It was attended by 100 entrepreneurs and investors and provided insightful perspectives on two key issues:

  • How can technology hubs of the future play a role in advancing technology in the UK?

  • What is the appropriate role of Government in supporting hi-tech innovation?

Also considered were:

  • How can emerging technology companies improve their chances of success in the marketplace?

  • How can they find new and better ways to access funds, deploy the right expertise at the right time and reduce risks for investors?

  • How can they make limited cash stretch further whilst achieving strategic objectives?

Keynote speeches were provided by Cambridge's 'Multi Billion Entrepreneur' Hermann Hauser, founder of Acorn, ARM and a key player in many other successful start-ups, and high tech MP George Freeman, recently elected to Parliament after a 15 year career in venture capital.

Cambridge has seen nine of its start-up companies achieve $1bn valuations. Dr Hauser shared lessons learned from the four that he has been directly involved in. Over 40,000 jobs have been created in the Cambridge region by 1,400 companies in the past few years.

Commenting on the Summit, George Freeman said: "For a sustainable economic recovery we will need to grow new business in the fastest expanding markets of an increasingly global economy. PA's Summit of leading entrepreneurs and investors highlighted the potential of the eastern region, and of the UK, to lead the way in the biggest markets of biomedicine, IT, clean tech and food science. To do that we will need new models of collaboration and multi-disciplinary research."

PA will be producing a summary report of the event - to obtain a free copy please contact Reg Hannam.

For further information about PA's insight for emerging technology companies contact:

Ruan Jones or Beverley Adams (Marketing).

For information about PA and its technology and innovation services, please visit here.


Notes to the editor:

About PA Consulting Group

PA Consulting Group is a leading management and IT consulting and technology firm. Independent and employee-owned, we operate globally in more than 30 countries and transform the performance of major organisations in both the private and public sectors. From initial idea generation and strategy development through to detailed implementation, we deliver significant and tangible results. We have outstanding technology development capability; a unique breadth of skills from strategy to performance improvement, from HR to IT; and strong expertise in communications, defence, energy, financial services, government and public services, healthcare, international development, manufacturing and water. www.paconsulting.com

Dr Hermann Hauser CBE FREng, Partner and co-founder of Amadeus Capital Partners Ltd, provided an investors' perspective. Hermann has a long and successful history as an entrepreneur and venture capitalist. He has founded or cofounded companies in a wide range of technology sectors, including Acorn and ARM. He was made a member of the Government's Council for Science and Technology in 2004 and has provided strategic advice to the previous Labour Government which was taken up by the Coalition Government.

George Freeman MP, founder of a specialist, Cambridge-based translational medicine company (4D Biomedical Ltd ), prior to being elected to Parliament last year after a 15 year career including spells as a VC and advisor to various biomedical ventures. In Parliament George specialises on innovation and high technology growth. He is chairman of the All Party Group on Science and Technology in Agriculture, and was appointed PPS to the Minister for Climate Change.

   
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