Winners of PA sponsored CUE business competion


20-06-2007

Through its alliance with CUE, PA Consulting Group has sponsored two CUE business creation competitions, the winners of which were announced at a 'Where Angels Dare' evening in Cambridge Guildhall this week, where they pitched 'Dragon's Den' style for further funding.

PA Consulting Group – the leading international management, systems and technology consultancy, has sponsored two CUE business creation competitions - CUEBiC and 3P, the winners of which were announced at CUE’s 'Where Angels Dare' evening held in the Cambridge Guildhall on Monday, 18 June 2007.

Having secured a share of £20,000 prize money for their business ideas, the winners had an opportunity to pitch their idea on stage that evening - ‘Dragon’s Den’ style - to a panel of CUE Business Angels (personal investors) and early stage investors (venture capitalists) to compete for an additional £10,000 cash prize and further investment funds.

The CUE Business Creation Competitions are open to Cambridge University staff and students who are serious about starting their own business:

- 3P is for profit or non-profit business ideas, which focus on creating social or environmental benefits

- CUEBiC is for high growth, high-tech business ideas which tend to attract business angel and venture capital investment.

Pictured  (left to right) are PA Consulting Group's Greg Berman, three members of the winning Cambridge Temperature Concepts team:Shamus Husheer, Oriane Chausiaux, Lydia Ferguson, Scott Mackie, and Rahul Vohra: President of CUE.

 
CUE, which is student-run, educates Cambridge University staff and students about enterprise and helps them create companies that shape the world. Since 1999, its business competitions have attracted over 450 entries and it has awarded grants of over £280,000 to 31 start-ups. The CUE business competitions create global businesses: the resulting twenty companies which trade today, including Owlstone Nanotechnology, Splashpower and Light Blue Optics, have collectively attracted more than £15m in further funding and are valued in excess of £30m. In addition to PA, CUE’s sponsors include the Greater Cambridge Partnership, the Cambridge Angels, 3i, ARM and Filemot Technology Law.

PA, through its consultancy skill and dedicated Technology Centres in Cambridge, UK and Princeton, US is the commercialisation partner of choice for many global companies, able to help develop strategy and take technology ideas from concept, through rapid prototyping to volume production to market. PA has a demonstrable track record in business success and innovation, both for clients and for itself, in the form of recently launched venture companies such as UbiNetics, Meridica and Aegate. It has won numerous MCA awards.

For more information please contact:

Ian Rhodes +44(0)1763 267612 e-mail: ian.rhodes@paconsulting.com

Beverley Adams +44 (0)1763 285260 e-mail: beverley.adams@paconsulting.com 

Or visit www.paconsulting.com/innovation

 

PA Consulting Group's technology centers:

Cambridge Technology Centre, Melbourn, Herts, United Kingdom, SG8 6DP Tel +44 (0)1763 267492

Princeton Technology Center, 600 College Road East, Suite 1120 Princeton, NJ 08540, USA New Jersey Tel: +1 609 806 0800

E-mail: innovation@paconsulting.com

About PA Consulting Group
At PA Consulting Group, we transform the performance of organisations.

We put together teams from many disciplines and backgrounds to tackle the most complex problems facing our clients, working with leaders and their staff to turn around organisations in the private and public sectors. Clients call on us when they want:

*an innovative solution: counter-intuitive thinking and groundbreaking solutions

*a highly responsive approach: we listen, and then we act decisively and quickly

*delivery of hard results: we get the job done, often trouble-shooting where previous initiatives have failed.

We are an independent, employee-owned, global firm of 3,000 talented individuals, operating from offices across the world, in Europe, North America, Latin America, Asia, and Oceania. We have won numerous awards for delivering complex and highly innovative assignments, run one of the most successful venture programmes in our industry, have technology development capability that few firms can match, deep expertise across key industries and government, and a unique breadth of skills from strategy to IT to HR to applied technology.

• defence • energy • financial services • government and public services • international development • life sciences and healthcare • manufacturing • postal services • retail • telecommunications • transportation

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• strategic management • innovation and technology • IT • operational improvement • human resources • complex programme delivery

Delivering business transformation

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PA Consulting Group is an innovation and transformation consultancy. We believe in the power of ingenuity to build a positive human future in a technology-driven world. Our Global Innovation and Technology Centre houses over 250 class-leading scientists, engineers and technologists. Our technology and product development capabilities range from front-end applied science, concept creation and design, to hands-on product engineering, system integration, scale-up and manufacture.

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