--Company Update-- Tekcapital plc portfolio company GenIP provides services to assess the commercial potential of new discoveries and connect them with the leadership necessary to bring them to market.
GenIP's mission is to empower organisations to better evaluate and commercialise their technology discoveries by providing Generative Artificial Intelligence (GenAI) enhanced research reports assessing market potential and by utilising GenAI executive recruitment services to match technology organisations with experienced executives and business leaders.
The Company harnesses the power of GenAI using its bespoke software, Invention Evaluator®, and through its executive recruitment platform, VortechsTM, which together the Company believes will enable better, faster and more affordable technology commercialisation and investment decisions. This dual approach provides companies, research institutions and venture funds with comprehensive support, combining technical expertise with GenAI models to cost-effectively mitigate adverse selection and commercialise new discoveries.
Dr. Clifford Gross, Executive Chairman of Tekcapital says:
"We are excited to announce the forthcoming #IPO of GenIP plc. A product of Tekcapital's technology incubator, GenIP's Invention Evaluator and Vortechs have been instrumental in commercialising numerous technological innovations, allowing them to develop from a clean piece of paper to operating companies and listed spinouts. Now, having forged commercial relationships with leading research institutions and successfully launched revenue-generating GenAI analytics services, we believe the Company is well placed for the next chapter of its growth story as a stand-alone Company providing GenAI services to the wider market. The new services were launched in September 2024 whereupon the Company received orders for 40 analytical assessments and three executive search assignments.
We are also thrilled to have Lord David Willetts, the current Chair of the UK Space Agency serve as Non-executive Chair of GenIP and Dr. Professor David Gann CBE, Oxford Professor and former Chairman of the UK Atomic Energy Authority serve as Non-Executive Director."
The AIM IPO is anticipated to be completed in the next few weeks. Tekcapital Plc, through its subsidiary Tekcapital Europe Limited, on consummation of the IPO is expected to own ~63% of the share capital of GenIP with an anticipated raise of approximately £1.5m.
https://lnkd.in/dRv_7hYc
===
Cc Tim Thompson
#TEK