LONDON Transitive Corporation says that its technology and commercial success was one of the key elements in the University of Manchester winning the coveted Knowledge Transfer Challenge Award and the accompanying £500,000 grant from the U.K. government's Engineering and Physical Sciences Research Council (EPSRC).
Transitive, with roots in Manchester and the University, develops software that allows applications to run on multiple processors and operating systems without source code or binary changes.
The University of Manchester was selected as the winner over more than 50 entries. As part of the award, Transitive has also been given an EPSRC-funded CASE studentship worth £60,000. This provides money for a student to work in partnership with the company for three and a half years.
The University said the funds will be used in three distinct ways, plugging gaps in existing knowledge transfer mechanisms.
One will focus on academic research concept studies that allow academic researchers and industry to develop technology ideas with genuine commercial potential, with another approach highlighting business feasibility studies that allow smaller firms and academic partners to gain enough confidence to embark on a full-scale knowledge transfer project.
The third approach is to fund a relationship incubator scheme for companies to relocate small numbers of staff to the University, in advance of full-company relocation to the region.
"The University of Manchester consistently attracts world-class talent in its students," said Alasdair Rawsthorne, founder and CTO of Transitive Corporation and lecturer in Computer Science at the University of Manchester.
In my research at the University, I have been privileged to collaborate with some of the finest young engineering minds in the world, and as an entrepreneur, I am grateful for the opportunities that the University provided me to develop, prove and ultimately turn our research into reality. I'm always pleased to see Transitive's progress being recognized outside the confines of the computer industry, and particularly pleased when the University of Manchester, from which we came, can benefit.”
Transitive now has its headquarters in Los Gatos, California with a research and development team in Manchester, England. The company is privately held, with funding participation by Pond Venture Partners Ltd., Manchester Technology Fund, Crescendo Ventures and Accel Partners.
The company was founded in 2000 as a University of Manchester spin-off. It has developed a retargetable, dynamic binary translator, providing compatibility between pairs of different processor instruction sets. Typically QuickTransit achieves 80 percent of the performance of native code, although in some circumstances the translated code can run faster than the native code, the company has found.
And the development marked the theoretical end of the microprocessor dependence that had hallmarked the electronics industry in the 1980s and 1990s.