Michael Shipman

Molecular Solar is a spin-out company from the University of Warwick. The Company has been established to commercialize third generation solar cell technology developed in a multi-million pound R&D program at the University. The founding team has over 80 years of combined experience developing and commercializing new technology and a track record of success. Early financial support came from the Founders, the University, Warwick Ventures Ltd., RDA proof of concept funding and a grant from the Technology Strategy Board (TSB). Rapid progress has been made during the past year to demonstrate the viability of the technology. The company is participating in a Million projects involving a consortium of four companies and two universities to establish a leadership position in third generation solar technology. The project is being funded by the TSB, the Engineering and Physical Science Research Council (EPSRC) and the participating companies: Molecular Solar, Kurt Lesker, Asylum Research and New World Solar. The participating universities are the University of Warwick and Imperial College London. The Company has also successfully completed a seed round of equity investment led by the Mercia Fund Management, the founders and private investors.