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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