Alusid launch: A new chapter for UCLan
When someone talks of ‘ a new chapter ‘ opening up it is often the case that the thing in question isn’t quite as new as it first seems. But this isn’t the case with Alusid Ltd.
Alusid is a genuine new chapter for UCLan as it is the first business which the University has successfully incubated from its initial beginnings from the research of its academics.
The Alusid business has developed a novel technology for recycling crushed glass and turning it into work surfaces for residential, industrial, commercial and medical applications.
Alusid works very closely with Lancashire based Recycling Lives, a Queens award winning company.
Recycling Lives supplies Alusid with the key raw material of crushed glass; principally from recycling CRT televisions.
Alusid is jointly owned by UCLan, Frontier IP Group plc and a group of investors who invested over £250,000 in Alusid in March this year. Frontier specialises in working with universities to identify,
commercialise and support access to funding for innovative intellectual property arising from academic research.
Frontier IP has a long track record of working with a range of high technology businesses and works with a number of universities in the UK, including UCLan. Frontier IP’s representative in the North West is local entrepreneur Mike Brennand.
Also, a key component to the Alusid story so far is Moore & Smalley. Stephen Gregson, Corporate Finance Director, knew both UCLan and Mike very well and it was he who introduced them to each other some 4 years ago in order to see if the new glass recycling technology identified by the
University might have a commercial application. Fast forward several years and this has now become the Alusid business.
Mike Brennand said “I was impressed that Moore and Smalley were so proactive in putting all the parties together .Top accountancy firms provide so much more than accounting – this was a true business development role.”