Launch of new breakthrough product LimitState:GEO
Published: 13th April 2008
South Yorkshire Investment Fund (SYIF) have made a £50K Seedcorn investment in LimitState Ltd for new product development, with a further £25K to be invested shortly.
The company recently announced the launch of a new breakthrough geotechnical analysis and design software product, LimitState:GEO, that allows geotechnical engineers to analyse both standard and complex stability problems more efficiently than before, saving time and significantly reducing operating costs.
LimitState Managing Director Matthew Gilbert commented "Up until now geotechnical engineers have had to rely either on hand calculation methods, a suite of single method programs, or on significantly more complicated finite element packages, but with the introduction of LimitState:GEO any type of stability problem can be solved with a single program that is very straightforward to use."
LimitState:GEO is the first application to be based on a revolutionary new computational technique - Discontinuity Layout Optimisation (DLO) - developed by Gilbert and Dr. Colin Smith at the University of Sheffield. The great practical potential of this work led to the formation of the LimitState company, as a spin-out from the University.
LimitState:GEO has been designed from inception with the new Geotechnical Design Eurocode, EC7, in mind. The code comes becomes mandatory in 2010 and marks a significant shift in the way geotechnical design is undertaken. LimitState:GEO easily permits analysis and design to be undertaken in accordance with the new code making adoption of the new standard problem-free and efficient.
The introduction of LimitState:GEO is being marked by a special launch event in London at the Institution of Civil Engineers on 20th May which will provide an ideal opportunity to learn more about this breakthrough technology and product. A preview edition of the software is now available to use and can be downloaded from the LimitState website, www.limitstate.com
SYIF can provide seedcorn, loan and equity linked investments, ranging from £15k to £2.5m, specifically to help small and medium businesses meet the gaps in funding they need for growth and development.
For more information about South Yorkshire Investment Fund, please visit www.syif.com or ring 01709 386377.
For further information please contact LimitState Ltd by telephone on +44 (0) 114 2242240 or +44 (0) 797 9772133 or by email via firstname.lastname@example.org.
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About South Yorkshire Investment Fund
South Yorkshire Investment Fund provided seedcorn, loan and equity linked investments, ranging from £15k to £2.5m, specifically to help small and medium businesses meet the gaps in funding they need for growth and development.
Created as part of the Objective 1 programme, the Fund is a private and public sector business finance provider. The European Regional Development Fund and Yorkshire Forward are investors in the Fund.
South Yorkshire Investment Fund also provided access to Business Angel investments from the Yorkshire Association of Business Angels and Microloans through BiG Business Loan Fund and Donbac Microloan Fund.
Finance Yorkshire has now taken on responsibility for providing gap finance in Yorkshire and the Humber.
For further details please contact Suzanne Tinkler, on 0845 649 0000.
South Yorkshire Investment Fund Ltd is a company limited by guarantee (Registered No 3936065). South Yorkshire Investment Fund comprises three sub funds, the South Yorkshire Investment Capital Fund, the South Yorkshire Investment Development Fund, which are each managed by YFM Venture Finance Limited, and the South Yorkshire Investment Small Business Fund, which is managed by Finance South Yorkshire Ltd. YFM Venture Finance Limited (Tel 0113 294 5000) and Finance South Yorkshire Ltd (Tel 01709 386 377) are each authorised and regulated by the Financial Services Authority. South Yorkshire Investment Fund also provides a number of services, which are not regulated by The Financial Services Authority. These include the pilot Seedcorn Fund, BiG Business Loan Fund, Mentorbank and access to the Donbac Microloan Fund. BiG Business Loan Fund is managed by Donbac Ltd (company registration No. 01925556) and Key Fund Yorkshire Ltd (Tel 0114 242 8900).