Clockwork radio pioneer to float company
Cash for aspiring inventors
The man behind the clockwork radio - Trevor Baylis - is to float his incubator company in a bid to generate more cash to help fund the work of aspiring inventors.
Trevor Baylis Brands was set up in September 2003 to help inventors get their ideas to market. During that time Baylis Brands has scrutinised more than 200 ideas and made commercial agreements with over 60 inventors.
Said Mr Baylis on his website: "Our novel approach of finding the right route-to-market for inventors' ideas so that they can realise the value of their intellectual property is proving very popular. The response we've had has been tremendous and convinced us that we need to expand our services. We've decided to raise the funds by making a public offering for shares in Baylis Brands."
Financial sevices outfit, Capital Index Group has been hired to handle the offer, which could be sorted in the next month or so.
Speaking to the FT today, Mr Baylis said: "If you can solve a problem you are on your way to being an inventor. Your idea might be unique but you probably think it's been done before. Then a few months later you see it in a shop, you slap your forehead and you think 'I thought of that!'" ®