PRESS RELEASE RE: TACIT SIMS 16th MAY 2016

Tacit Sims raises investment with support from Cranfield University Alumni and Bettany Centre

Tacit Sims, UK tacitsim.wpengine.com has raised equity funding from two successful Cranfield University Alumni – valuing the company at just over £500k. Tacit has also employed two Cranfield management graduates through a Santander University programme and recruited two BTEC computer games design students from University Technical College Central Bedfordshire.

Tacit Sims was founded in November 2014 by Wesley Randle and Stephen Olunaike to commercialise the successful IPSim board game and other simulations as software. Tacit Fusion has been working with the Bettany Centre for Entrepreneurship and serendipitously met with investors and mentors during the Cranfield Venture Programme (CVP).

Dr Maarten van der Kamp, Director of the Cranfield Venture Programme comments:

“We are delighted to see that the entrepreneurial ecosystem supporting innovation at Cranfield University is strengthening through this deal. Over the past year our focus has been on driving entrepreneurial activity across the university, by working with good friends of the Bettany Centre for Entrepreneurship to support a range of Cranfield programmes through mentoring and investment. It is particularly rewarding to see some of our mentors starting to build value together, and successful examples of investment like this will encourage more spin-out deals as well as inspire student-led entrepreneurship.”

Since formation Tacit Sims has benefitted from the talent coming from Cranfield University School of Management – Tacit now has 4 graduates from the Cranfield MBA, MSc in Management and the MSc in Entrepreneurship and Management courses.

 

Wesley Randle (Founder and MD of Tacit Fusion and Tacit Sims) comments:

“Cranfield DNA is unique – there is a quality in the knowledge base and experiences gleaned at Cranfield that are both valuable and in-imitable which gives our company’s unique and competitive advantages. When we match this technical, professional and commercialisation talent together with awesome tech and IP it proves a winning combination.”

 

Sam Goodwin, Student Funding Officer at Cranfield University said:

“The opportunity to work at local businesses in a paid internship is highly valued by Cranfield University students who are keen to complement the knowledge they have learnt on their course in a practical setting.”

 

Tacit Sims has also been working with University Technical College (UTC) Central Bedfordshire for the past year delivering a BTEC in Computer Games Design and recruited several students as interns.  In addition, Tacit Sims also delivered a successful Website and App Academy for entrepreneurial Cranfield University students with the support of these interns.

More on IPSim

IPSim is a real-time strategy (RTS) business simulation/game for Mac/PC – where player(s) role-play as the management of a company. The objective of the game is to win by amassing the most cash and most valuable technologies through co-operation and competition with human or AI controlled company’s. This takes place on an isometric world-map where commercialisation activities are physically represented by buildings that represent commercial tech production. IPSim is the only game that simplifies IP and tech transfer and allows players to focus on experimenting and winning, which is inherently fun and exciting – by playing IPSim software, attending our workshops or entering our competitions. The objective of IPSim is to understand the basics of IP and business management to develop deep-rooted commercialisation, IP and negotiation strategies through competitive RTS gameplay.

More on Tacit Sims

Tacit Sims designs and develops business and educational software. Tacit Sims also delivers fee-for-service software development for both private and public sector organisations who wish to deliver educational content using our highly interactive, ‘uncompromisingly fun’ simulation format that can be used in a classroom or remotely.

More on Bettany Centre

The Centre’s purpose is to enhance the management and understanding of performing ventures through cutting-edge entrepreneurial research, teaching and practice:

  • Business Growth & Development Programme
  • Essential Management
  • Cranfield VentureDay 2016

The Centre has developed a diverse portfolio of entrepreneurial activities and a full suite of executive education programmes for entrepreneurs across the entrepreneurial life cycle including:

  • Business Growth & Development Programme (BGP)
  • MBA
  • MSc in Management & Entrepreneurship
  • Programmes for entrepreneurs including Essential Management, Sales Essentials for Success and Finance Fundamentals for Growing Businesses.
  • Cranfield VentureDay
  • Entrepreneurship programmes for doctoral and MSc students across the University.
  • Doctoral Research (both PhD & DBA) specialising in entrepreneurship
  • Rigorous & relevant research programmes and publications on entrepreneurial performance

More on Santander and Cranfield Scheme

The Santander Universities SME Internship Programme is an entrepreneurial internship programme that provides Cranfield University students paid work experience within local businesses. Eligible businesses can access some of the UK’s brightest students in their field while providing an internship worth £1,000 per month for three months. Santander is contributing £1,500 towards the cost of the internship.

More on Cranfield University 

Cranfield is an exclusively postgraduate university that is a global leader for education and transformational research in technology and management.

 

Tacit Fusion®, IPSim® and IPCalc® are registered trade marks of Tacit Fusion and Tacit Sims. IPSim Design rights are registered to Tacit Sims and Tacit Fusion.  All rights reserved © 2016 Tacit Fusion Limited and Tacit Simulations Ltd.

For enquiries or for more information please visit:

tacitsim.wpengine.com

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