Cre8Ventures houses
start-up, Mirics Semiconductor,
at Fleet offices
Newbury, UK, August 1st, 2006
–
The Cre8Ventures
initiative of Mentor Graphics (Nasdaq: MENT) today announced that it has
helped incubate start-up Mirics Semiconductor at its Fleet offices,
where Mirics has now headquartered their engineering and sales/marketing
teams. Mirics last week announced sampling of a ground-breaking RF tuner
product that was designed “right first time” using Mentor Graphics
tools.
Cre8Ventures was established to help electronic start-up
companies accelerate their ability to be successful. It aids start-ups
during early stage growth by providing top quality, commercial standard
office and lab space, and by removing some of the constraints of typical
commercial letting agreements.
“Moving into
the Cre8Ventures incubator office was a natural move,” says Simon
Atkinson, CEO, Mirics Semiconductors. “We have a long standing
partnership with Cre8Ventures and when the time came for us to
consolidate our activities onto a single site, Cre8Ventures was able to
provide the perfect environment but without overly constraining letting
terms. The office provided everything we needed to help us develop our
business to what it is today; it’s in a good location for customers, and
puts us closer to Cre8Ventures.”
Active support of start-up companies before they go
public is extremely important. Cre8Ventures is working with many
startups, all at different stages in their development. Cre8Ventures
has enjoyed a strong relationship with Mirics since the company’s
inception in early 2004. As a result, they were the first to benefit
from use of the Fleet offices.
“How we help start-ups varies according to their needs.
Typically, discussions and activity focuses on the route-to-tools,
route-to-funding, and route-to-market challenges,” said Carson Bradbury,
Director of Cre8Ventures. “But the initiative is constantly exploring
novel ideas to shorten start-ups’ run-way to revenue. Now that Mirics
has emerged from stealth-mode – already with sampling products -
we are extremely proud to share this news."
About Mirics Semiconductor
Mirics Semiconductor is a start-up RF and mixed-signal
fabless semiconductor company delivering innovative solutions for the
mobile broadcast receiver market. Founded in 2004, Mirics has brought
together a strong silicon development team with extensive experience in
RF technology, wireless/algorithms, IP, silicon delivery and system
architecture. Mirics’ first commercial product, the MSI001, is the
world’s first true poly-band tuner and represents the most
technologically advanced product of its type. Mirics employs a fabless
business model with early stage funding from Pond Venture Partners,
Europe's largest early-stage technology fund. Operating in a market
that is conservatively expected to exceed $1 billion by 2010, Mirics is
well positioned to gain an important first mover advantage in this
rapidly emerging market.
About Cre8Ventures and Mentor
Graphics
Cre8Ventures, a start-up focused initiative of Mentor
Graphics, accelerates electronic design start-up’s ability to turn ideas
into innovative products.
www.cre8Ventures.com
Mentor Graphics
Corporation (Nasdaq: MENT) is a world leader in electronic hardware and
software design solutions, providing products, consulting services and
award-winning support for the world’s most successful electronics and
semiconductor companies. Established in 1981, the company reported
revenues over the last 12 months of over $700 million and employs
approximately 4,000 people worldwide. Corporate headquarters are located
at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777. World Wide
Web site:
http://www.mentor.com/.
Mentor Graphics is a registered trademark and Cre8Ventures is a
trademark of Mentor Graphics Corporation. All other company or product
names are the registered trademarks or trademarks of their respective
owners.
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