News Column

Steel's backing for spearhead

July 7, 2014

A YOUNG Middlesbrough company, developing real-time 3D visualisations and bringing virtual reality technology into the business world, is growing with help from UK Steel Enterprise.

Spearhead Interactive, set up following years of research and development at Teesside University, is determined to capitalise on its pole position in a new niche market.

By combining the technology used to create interactive experiences for computer games with 3D CAD data, it has enabled the development of flexible and powerful business tools with a potentially massive global market. The award-winning company already employs two full-time software developers with a bank of talented modellers, animators and programmers. Clients from the public and private sector include MPI Offshore, Trading Standards Institute, Motorola, iEvo and H2N Nutrition.

A Pounds 3,500 unsecured loan from UKSE's Regeneration Fund is helping the company to plan expansion.

"This small amount of funding is really important to us at this stage," said co-founder Dan Riley, "as it will help us to maintain momentum and attract the next level of investment. The whole process was straightforward and we had the funding within a week of our meeting.

"Businesses are not yet fully aware of the benefits, possibilities and cost-effectiveness of realtime 3D technology for virtually every sector and we are at the forefront of the development."

UKSE's Sarah Thorpe said: "Our Regeneration Fund supports exciting young businesses that may struggle to find a relatively small amount of funding at a vital stage in their growth."

For more stories covering the world of technology, please see HispanicBusiness' Tech Channel

Source: Evening Gazette (UK)

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