MTI Partners is delighted to announce the second investment by the UMIP Premier Fund (UPF). This latest investment is in a company called Arvia Technology Ltd (Arvia), a company operating within the rapidly developing environmental technology sector. Partnering with Alliance Fund Managers (AFM), which has invested through the Merseyside Special Investment Fund (MSIF) Liverpool Seed Fund, and private individuals, GBP 800,000 has been invested in Arvia to bring to market its groundbreaking water purification products.
Arvia is a spin-out company from the University of Manchester’s School of Chemical Engineering and the company is a product of UMIP’s well regarded technology transfer and incubation process. Arvia Technology Ltd has developed a continuous, low cost and low maintenance process for the removal of pollutants from water for both the industrial and the municipal sectors.
Nigel Brown, the founder and Technical Director of Arvia stated:
“This investment comes at just the right time for Arvia, as it is now able to put working units in the field, prove the economic and performance benefits and continue to develop the high calibre management team alongside our new investor partners.”
Managing Partner of MTI Partners, David Ward said:
“Arvia’s capability in materials development underpins this technology offering to the global water market that is gaining importance and becoming more innovative. This investment is a perfect fit for MTI’s Materials Science/Cleantech practice.”
Arvia will locate to Merseyside in the near future and it will form part of the growing cluster of high-tech companies in the region.