Two of the partners in the package of business support launched by Prime Minister David Cameron on Monday 28th March have announced a collaboration that will support a promising new technology company that they believe demonstrates the value of coming together in support of new entrepreneurs.
Fujitsu, a leading global technology services company, and UCL one of the top universities in the world, are both backing Satalia.
Satalia, based in London, will launch their innovative service through Fujitsu's cloud computing platform. The company is a spin-out from the computer science department at UCL. Satalia specialises in solving hard optimisation problems using their proprietary 'Solve Engine' technology with applications in a broad range of sectors - from pharmaceutical to chip design. The company is already working with a leading telecoms company, a chip-design business and has support from the Technology Strategy Board to investigate security applications.
The new collaboration between Fujitsu and Satalia demonstrates the valuable support on offer to early stage companies. Fujitsu’s Start Up Britain offering, which goes live on the 16th May, will allow SMEs to deliver the optimum blend of cloud and privately owned IT, in an affordable package that will encourage and support the growth of new UK businesses. UCL is supporting new companies launching from the country’s leading universities by delivering a pilot programme called Start Up Summer, in partnership with You Gov PLC and Imperial College London.
Declan Monaghan, Business Manager for Cloud Computing at Fujitsu UK & Ireland, praised the opportunity Satalia offers: “The Fujitsu offers on Start Up Britain are clearly a valuable package, and will be of significant benefit for those companies who need scalable and reliable computing infrastructure. Working with exciting UK start-ups, like Satalia, is a good opportunity for Fujitsu to demonstrate the value of its cloud offerings, particularly to early stage businesses.”
Daniel Hulme, CEO, Satalia commented that, “Partnering with Fujitsu to bring our products to market faster is an exciting opportunity. The Fujitsu ecosystem provides additional quality and guarantees of service we require for our growing business. This offer strengthens our ongoing collaboration and allows us to deliver even better value to our customers. “
Both UCL and Fujitsu hope that Satalia will be seen as an example to would-be entrepreneurs and a champion for the possibilities that Start Up Britain and Start Up Summer represent.