PV3 Technologies, a leading supplier of electrochemical materials based in Cornwall and in scale-up phase, is ‘doing its bit’ by incubating graphene company, Amalyst.
One of the key challenges an early-stage company faces, is how to access the infrastructure needed to develop their intellectual property into a market-ready product. Incubators exist for certain sectors, but if a company needs more than a bean bag and a laptop, then it can be challenging.
Amalyst is a member of the EU’s Graphene Flagship, a €1bn programme to ensure the EU can exploit the potential of the ‘wonder material’ first identified by Nobel Prize winners at the University of Manchester. Collaborating with partners in the UK, France and Italy, Amalyst is working to develop advanced catalysts for the fuel cell industry based on graphene and other 2D materials.
Dr David Hodgson, CEO of PV3 Technologies commented: “The board of Amalyst were delighted with the prospect of working out of PV3’s laboratories. The ability to tap into PV3’s unrivalled expertise in the sector, to provide access to a unique suite of equipment and to supervise and mentor Amalyst staff were crucial elements of the decision. “
“Following-on from the launch of the Davy Initiative, an industry-led drive to promote the Cornish capability in electrochemistry and related materials, this is a further signal that Cornwall has a lot to offer to the world of electrochemistry. This arrangement is bringing additional employment opportunities to Cornwall in the world of 2D materials – does it get more exciting?”
“The arrangement is not without its challenges,” said PV3 Technologies’ COO Dr Nick van Dijk. “Our two companies are working in similar fields, so we’ve had to agree a very defined scope of activities, but the similarity also means we can leverage the work of both companies and we have arrangements for cross-licensing of IP in place, should we need them”
“I’m pleased we’ve been able to make this work,” said Hodgson. “Having done this once, PV3 would be eager to see if we could do it again and would welcome discussions with universities, or other researchers looking to spin-out their electrochemical ideas.”