NMI morphs into TechWorks

Explore this investment 05.11.17

The NMI has re-launched itself under the name TechWorks aimed at building ‘a better and stronger tech ecosystem in the UK, helping to connect brilliant ideas with partnerships and investments that accelerate speed and enhance routes to market and profitability.’

TechWorks will develop as an umbrella over self-directing bodies like the IoT Security Foundation (IoTSF), the Automotive Electronic Systems Innovation Network (AESIN) and the NMI Design and Manufacturing communities.

The TechWorks board consists of:

Chair: Sir Hossein Yassaie
Chief Executive: Dr Derek Boyd
Hermann Hauser – Amadeus Capital
Simon Segars – ARM
Tim Luke – Barclays Capital
Stan Boland – Five.AI
Mike Risman – Vitruvian Partners
Luke Ibbetson – Vodafone Group R&D

Says Sir Hossein Yassaie, chairman TechWorks: “With Brexit looming we must promote the needs of the UK technology community or face a ‘Techxit’ that hampers our ability to start and scale business and retain our important position as a strong node in the global tech eco-system,” says Sir Hossein, “the UK does incredibly well at producing new and inspirational technology that changes the world but could do much better at building companies of scale and larger economic benefit.”TechWorks as an organisation is single-mindedly focused on this challenge.”

Through its role in the ESCO Report, NMI enabled a dialogue with government that informed notable decisions such as the safeguarding of key R&D funding. Alongside ElecTech, a new organisation formed from the partners behind the ESCO report, TechWorks will ensure government is aware of the priorities of a vibrant industry sector.

“This re-launch under the new TechWorks brand has fundamental reasons,” says Stan Boland, ” the nature of collaboration now extends beyond all traditional industry silos as technology transforms every segment. Our strategy to develop a series of ‘Connected Communities’ has been developing great resonance with industry and membership of the organisation has grown rapidly as a result. The time has come to respond to that change with a new structure and more aggressive strategy.”

TechWorks will continue to provide the best-practice and peer-group sharing NMI has always been recognised for whilst extending the scope of the organisation to take into account that everything is now becoming smart and connected.

“The UK does well at innovating in technology but badly at exploiting that innovation to create high value businesses” says Hermann Hauser, “TechWorks is much needed and we are pleased to see the quality of its board and the ambition of its strategy.”

The NMI’s work and brand will continue to flourish within the TechWorks structure with the organisation retaining its traditional and highly-valued work on electronic systems design and manufacturing.

Two of the key ‘Connected Communities’ under the Techworks umbrella will now be NMI Electronic Systems Design and NMI Electronic Systems Manufacturing. Additionally, Techworks will also now include Automotive Electronic Systems Innovation Network (AESIN), IoT Security Foundation (IoTSF) and Power ElectronicsUK with further communities to develop in such areas as Artificial Intelligence (AI) and Machine Learning (ML).

TechWorks will launch building on the 300+ NMI member companies and leading academic institutions.