Touch Biometrix, one of the world’s Top 20 fingerprint technology companies, has
been awarded Technology and Commercial Feasibility (TCF) funding from the Welsh
Governments £63.4m SMARTCymru programme.
Backed by £27m of EU funds, SMARTCymru is helping businesses in Wales develop
new products, processes and services by supporting increased investment in research,
development and innovation.
Touch Biometrix is a disruptive fingerprint technology company headquartered in
North Wales. The company, founded in 2017, was recently recognised as one of the
Top 20 global key players in a new report.
The TCF funding is the first phase of the SMARTCymru funding stream and is focused
on market assessment and intellectual property growth. This assists companies to
consolidate the technological and commercial viability of transformative innovations
into new products. The end of the project operates as a stage gate for further funding
to support product development.
Dr Mike Cowin, Chief Executive of Touch Biometrix, which is based in St Asaph, said:
“We’re delighted to have received this support from the Welsh Government and the
EU. This all helps to support our development of a new user authentication experience
that eliminates the need for passwords when using smartphones, computers and
Economy Secretary Ken Skates said: “The Welsh Government, through Smart Cymru,
is pleased to be supporting an exciting and innovative business like Touch Biometrix
as it develops its technology platform here in Wales.