LONDON, UK, 30 October 2008 – the London Technology Fund, London’s specialist investor in new technology companies, is delighted to announce the winners in the four sectors of the London Technology Fund Competition 2008.

 

The winning formula was innovative technology, a clear market need and a strong management team. Accentus Medical was overall winner of the Competition. Winner in the ICT category was Office Shadow, the Business Continuity software company.

Nick Kingsbury, Advisory Board Member for LTF and Judge for the ICT category remarked, “Office Shadow combines the key ingredients for success; a great product, excellent management team and most  importantly serve a critical need for large organisations globally”.

 

The winners were selected from nine finalists and announced at an Awards Ceremony in London last night. The Awards were the culmination of an eight-month programme which started with nearly 150 applicants and involved 40 shortlisted companies in a programme of training and advice designed to help prepare for investment and build relationships with major technology corporates.

 

David McMeekin, chairman of the London Technology Fund, said, “We are delighted that so many exciting young technology companies in London were able to take part in the Competition’s programme of training and advice. The standard of the finalists was very high and I congratulate Accentus on winning the Grand Prix and the winners of the individual sector awards for their achievements. I would also like to thank everyone involved for their support, and particularly our co-sponsors, Oracle, PricewaterhouseCoopers and The Royal Bank of Scotland.”