LONDON Mentor Graphics and SETsquared are to work together to provide integrated circuit design tools to electronics entrepreneurs.
SETsquared is part of the enterprise partnership between the universities of Bath, Bristol, Southampton and Surrey which received £13million from the Government's Higher Education Innovation Fund (HEIF). In the last 18 months it has helped over 200 technology entrepreneurs to raise more than £6m of initial funding.
Under the agreement, tools will be available to SETsquared’s early stage entrepreneurs and will initially be used at SETsquared’s Swindon site, with potential to extend provision to the other four centres – Bath, Bristol, Southampton and Surrey. There is also scope to expand the range of tools from custom silicon design to field programmable gate array (FPGA) design and other types of tool.
Adrian Buckley, area director for Mentor Graphics Western Europe, said, “There are clusters of brilliant engineers and technically savvy management starting up all over the place and the project with SETsquared reflects our UK vision of Mentor Graphics as a kind of hub, a facilitator of alliances, IP exchanges and cross-fertilisation for electronics entrepreneurs across the silicon valleys of Europe.”
Simon Bond, acting centre director, SETsquared, said the deal will help to de-risk start-ups and will encourage innovation-based companies to develop.