London, United Kingdom (PressExposure) April 30, 2015 -- SETsquared has teamed up with MathWorks, the leading developer of mathematical computing software, to offer start-ups within its incubation programme one year's free access to MATLAB and Simulink, worth up to 75k per year per start-up venture.
MathWorks is one of the latest organisations to offer Europe's best university business incubator preferential access to its software packages, joining household names such as Amazon Web Services, Rackspace, Autodesk, NeonDrum and Microsoft BizSpark.
Companies in the SETsquared network will receive access to MathWorks tools that will help start-ups save time and money, and accelerate their growth. The modelling, simulation and analysis capabilities within MATLAB and Simulink will allow engineers, researchers and scientists within the companies to speed the design and development processes.
Simon Bond, Innovation Director at SETsquared, said: "I'm delighted that MathWorks has come onboard to offer SETsquared-supported companies free access to its tools for a whole year. This is the exact type of support start-ups need to give them the competitive edge and bring products to market quicker."
Sham Ahmed, managing director at MathWorks UK, said: "Start-ups are under tremendous pressure to show performance early. We are pleased to team up with SETsquared in helping these fledgling companies to reduce technical risk and do more with limited resources. As well as SETsquared, we also support more than 100 startup accelerators, incubators, and competitions around the world with a similar access benefit."
SETsquared is a long-standing partnership between the universities of Bath, Bristol, Exeter, Southampton and Surrey which specialises in growing high-tech start-ups through its incubation programme and other business acceleration services. SETsquared provides mentoring, access to investors and corporate innovators and a wide range of industry experts through its network and training programmes.
Its business incubation programme is ranked by the University Business Incubator Index as the best in Europe and second in the world and over the last decade it has helped over 1,000 high-tech start-ups to develop and raise more than a 1bn of investment.
Independent research carried out by Warwick Economics estimates the economic impact of SETsquared member companies to be 3.8bn over this period, with the creation of 9,000 jobs and that these companies will go on to deliver a further 7.3bn of impact to the UK economy in the decade ahead.
MathWorks is the leading developer of mathematical computing software. MATLAB, the language of technical computing, is a programming environment for algorithm development, data analysis, visualization, and numeric computation. Simulink is a graphical environment for simulation and Model-Based Design of multidomain dynamic and embedded systems. Engineers and scientists worldwide rely on these product families to accelerate the pace of discovery, innovation, and development in automotive, aerospace, electronics, financial services, biotech-pharmaceutical, and other industries. MathWorks products are also fundamental teaching and research tools in the world's universities and learning institutions. Founded in 1984, MathWorks employs more than 3000 people in 15 countries, with headquarters in Natick, Massachusetts, USA. For additional information, visit mathworks.co.uk.
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