March 26, 2008
Traditional classroom story telling meets the 21st century, with help from a leading North East enterprise development agency.
A venture capital fund managed by Entrust, is backing a fledgling technology company, which has designed a wireless audio system for three to seven year old children to listen to stories and educational games.
Established in May 2006, County Durham-based Ameeca Ltd has successfully secured an equity investment of £100,000 form the North East Equity Matching Fund (NEEMF) and a further £340,000 from other finance sources.
Created through the Department of Trade and Industry’s Small Business Service, NEEMF is a £2.5 million co-investment fund designed to increase private investment activity in the North East.
Ameeca uses state-of-the-art technology to create electronic educational devices that make learning interesting and fun for children. The company has designed MP3 headsets called ‘Storyphones’, which will give children access to audio resources to develop their listening and language skills.
The £440,000 investment will fund the manufacture of 10,000 Storyphones, which Ameeca will sell initially to primary schools and nurseries, followed by the home market within 12 months.
Simon Johnson, an electronics lecturer at Durham University’s School of Engineering and now Ameeca’s managing director, said: “Storyphones is the brainchild of my wife Eleanor, an Early Years teacher. After 15 years of teaching using tapes and CDs for audio activities, Eleanor came up with the idea to bring MP3 technology into the classroom.
“Within a year we had developed the prototype which we exhibited to potential investors, demonstrating how it worked. We’re now at the final engineering stage, making improvementsto the product and design.
“Without the investment from NEEMF we wouldn’t have been able to progress any further. With their advice and funding we’ve been able to start production and hope to put Storyphones on sale in four-months time.”
Storyphones is the first product that Ameeca has designed. It is sold in sets of four retailling at £495 or sets of six for £595. The device links to a computer via a USB port, with supporting software that enables a teacher to download stories, manage audio files or buy new resources from the Storyphones website (www.storyphones.co.uk)
Its unique design ensures Information Communication and Technology (ICT) is embedded into the curriculum. By bringing MP3 technology into the classroom, there are no wires, which means independent listening activities or group tasks can take place outdoors as well as in the classroom.
The company, based in Annfield Plain, County Durham, hope to develop a wide range of electronic educational products and resources that create an engaging learning experience for children.
Simon added: “We want to use technology to help children to learn in a variety of settings and although our products do not specifically teach technology, the children will inevitably pick this up too. Over the next few years we will have a range of products in production that young children will enjoy learning from and hopefully want to come back for more.”
Entrust’s Sarah Thorpe, Investment Executive said: “Ameeca is a great example of a husband and wife team who have combined their talents to create an innovative business model and novel product.
“We’re delighted to support a new North East enterprise and look forward to working with Ameeca and watching the company grow in years to come.”