Investing in our partnerships
Heliex Power Limited
Established in 2009, Heliex Power Limited is a spin-out from City's Centre for Positive Displacement Compressor Technology, a recognised world-leading centre of expertise. Based in East Kilbride, Scotland, the company now employs 15 people and made its first sales in December 2012. In 2012 Heliex raised a further £5 million of investment funding to accelerate the development of its unique screw expander technology which generates electrical power using waste steam from industrial processes. Pre-production machines are already in advanced testing and the new tranche of funding will accelerate production. More information on their technology is available on Heliex's website.
Heliex's latest success coincides with the fiftieth anniversary of the distinguished academic tenure at City of its co-founder, Professor Ian Smith. In 1995, Professor Smith established the Centre for Positive Displacement Compressor Technology that has been at the forefront of compressor and expander technology ever since and ultimately paved the way to the creation of Heliex Power Limited.
2012 was another successful year for City graduates Jody Osborne and Patrick Elliott and their business venture; TheBackscratchers.com. The pair came up with their business idea over a pint in the local pub. At the time, Jody needed a photographer for a gig and Patrick was looking for a designer for his latest record. They realised that there was no platform where graphic designers, website builders, film-makers, performance artists, musicians and other creative professionals could come together and exchange their skills. TheBackscratchers.com, an invitation-only skills swap and project collaboration website for the creative community, was born.
Winners of CitySpark 2011, the University's student enterprise competition, Jody and Patrick took full advantage of their prize: £2,500 in cash, a desk space in the London City Incubator and mentoring from established entrepreneurs. In 2012 TheBackscratchers.com was selected to participate in a prestigious Springboard Accelerator programme providing seed funding of £15,000, office space and continued mentoring. Ultimately, Springboard gave Jody and Patrick a strong platform to launch their business.