Anvil launches with Midven funding
A new company which specialises in developing efficient power conductors has been unveiled at the University of Warwick. Anvil Semiconductors was officially launched after receiving £150,000 of investment.
Anvil, which was created by the University’s technology commercialisation company, Warwick Ventures, will develop smaller, more efficient power converters using Silicon Carbide (SiC) power semiconductor switches.
The company received an investment of £25,000 from Midlands investor Midven's Early Advantage Fund, as well as £125,000 investment from private investors Minerva, the Midlands network of entrepreneurs, venturers and angels.
Since the investment, the company has also been awarded a research and development grant from the Technology Strategy Board.
SiC devices are created to withstand higher voltages and currents and are ten times faster than traditional silicon devices.
Dr Andrew Muir, a director of Midven and investment director of the Early Advantage Fund, said: "Anvil builds on the impressive research track record of Phil Mawby and the substantial investment made in the Science City Cleanroom. Our investment, alongside the Minerva business angels, will support the progress of this business, which has great growth potential and the ability to become a world leader."
