This will allow the company to spearhead research and development into a new area of “deep” technologies, growing the offering and portfolio of products in the kinetic and software space.
Cambridge is the growing technology hub for SMEs, with over 1525 tech companies in the area, employing over 53,000 people. 12 companies in Cambridge have achieved $1bn valuations in the last 15 years, including: ARM, CSR, Domino, Marshall and Solexa.
Pavegen CTO Craig Webster says: “this marks a pivotal moment in Pavegen’s growth; with the construction and development of a new research space that will allow us to bring in the best talent, Pavegen’s next focus will be industrialising the product and software offerings.”
Craig previously worked at Cambridge Consultants and Black & Decker; at Black & Decker he was responsible for over 50 million products in manufacture. Alongside Craig, Pavegen are bringing in Dr. Ben Gordon; a rockstar technologist who is a global expert in power electronics and holds a PhD in low energy power converters.
We are also welcoming Jason Morgan to the team; leading Electronics Engineer at Aveillant, who has a huge hardware and software background working with Picochip, E2V and one of the largest technology companies in the world, Cisco Systems.
Caroline Hyde, Director of Workspace and Enterprise Support at Allia Future Business Centre, said: “We are delighted to welcome an innovative technology business like Pavegen to Cambridge. They are exactly the kind of business we hope to attract to the Future Business Centre, and complement the exciting mix of growing environmental, technology and social ventures that have already based themselves here. Their move demonstrates the continuing growth of Cambridge as a leading centre for technology and innovation.”
Pavegen CEO and Founder Laurence Kemball-Cook says “We’re getting serious; this is the start of something huge. We’re building up our IP portfolio, growing our product range and making the most of the knowledge and advancements we’ve made over the past five years into the space of kinetic harvesting.”
