Blu Wireless Technology in Bristol is one of five new technology businesses to win the Cambridge Wireless Discovering Start-Ups 2011 competition for its low power 60GHz semiconductor technology. The company was selected from 20 start-ups invited to pitch their innovative wireless technologies and business plans to 25 leading venture capitalists, angels and industry investors. Senior representatives from companies including Microsoft, RIM, Nokia, Qualcomm Ventures, Innovacom, Broadcom, Orange, O2 Telefonica and ARM were there to judge the finalists and provide expert advice.

The winners receive £2,000 each along with free business and consultancy services and have the opportunity to present their new technologies and business visions to over 300 leading wireless industry delegates from over 20 countries at the 2012 Future of Wireless International Conference next June.

“The quality of entrants shows that innovation and entrepreneurship is clearly very much alive,” said Clennell Collingwood, Investment Director at TTP Ventures. “It was difficult for us to pick out five winners and we are confident that all the Discovering Start-Up winners and many of the other finalists will go on to make important contributions to the wireless industry.”

“All the finalists had a unique opportunity to pitch to a dream line up of business angels, VCs and corporate investors with years of experience of spotting winners,” said Soraya Jones, CEO of Cambridge Wireless. “The support from the judges, sponsors, Cambridge Wireless members and entrants has been excellent and reflects the level of expertise, encouragement and business infrastructure that exists to nurture and help drive the success of innovative start ups.”

The other four winners include Advanced Balance Systems, Mindings, Proxama and Qiqqa. “Discovering Start-Ups has once again been a great success and were delighted to support the initiative to encourage, inspire and recognise the next generation of technology entrepreneurs,” said Kevin Coleman, Managing Director of Alliantus and Project Director.

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