LONDON Warwick Warp, a spin-out company from the University of Warwick, has won the top prize of £25,000 in the Research Councils’ Business Plan Competition.
The company is developing a software-based fingerprint identification system which is designed to be substantially more reliable and also faster than those currently available. Warwick Warp’s (Coventry, England) technology can be incorporated into identity cards, access control systems. and biometric passports.
Warwick Warp was incorporated in September 2005 by three academics from the university's Computer Science Department. Earlier this year the company raised £15,000 from two business angel investor members of Oxford Early Investments (OEI) for the development of its first prototype.
It had previously received £47,500 of research and development funding from Advantage West Midlands and filed two patents.
Dr John Hall, Medici Fellow at Warwick Ventures, the university's technology transfer office, helped the company raise finance and develop its entry for the Business Plan Competition.
Runners up in the competition included: From healthcare to video gaming – unlocking the potential of 3D imaging (Dr J Paterson, Oxford. Eykona Technologies Ltd); Computer animated textures for clothing and interior design (Professor M Chantler, Heriot-Watt University. TotallyTextures Ltd); and Combating the software bugs that affect the reliability of consumer products Dr K McDonald-Maier, Essex University. Ultrasoc Technologies Ltd). This is the second time that all eight of the U.K.’s Research Councils have joined together to run the competition under the banner of Research Councils U.K.