Launch of the Virtual Technology Cluster Group

7th March 2016

The VTC Group

Jordan Mulcare

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The Virtual Technology Cluster Group has announced its official launch today. Established by leading industry experts and investors, The VTC Group's model enables disruptive technology innovators ('VTC Members') to gain access to revenue opportunities offered by the Sponsors.

There are advisers providing expert scale-up support, networking opportunities, and support from the Academic and Investment communities. The first application of the VTC model - the Lockheed Martin Virtual Technology Cluster ('LM VTC') - was launched in March 2015, with a focus on cyber security and ICT. Attracting co-sponsors such as EMC who joined in January 2016, the LM VTC now boasts in excess of 70 technology companies, with highlights including:

· More than 20 industry experts in fields such as accounting, legal, technical services and communications

· Reciprocal support from Derby University, Crossword Cyber Security and Vision 2020 Network Ltd

· Three member companies have provided support to Lockheed Martin R&D activities

· Three member companies supported a recent Lockheed Martin winning bid

Having established the VTC model, the LM VTC is now in its second year. Lockheed Martin will continue to help technology SMEs in the UK supply chain make connections and pursue opportunities, connecting its members to a growing number of industry experts providing advice and support in specialist areas.

The VTC Group has attracted significant funding from a number of high profile investors that will enable it to both build its own business by creating additional sponsored technology clusters in different sub-sectors across the globe and to invest in opportunities produced within each VTC. It has appointed a number of senior executives and entrepreneurs to its Board to help guide the organisation.

The Chairman of The VTC Group is Ken Olisa, OBE, and the CEO is Auriol Stevens. The Board also includes Mike Kennedy, John Moore and Michael Wellesley-Wesley. James Lort is a Director and Head of Operations is Alexis Vickery.