Glyndŵr Innovations named fastest growing business in Wales17 September 2012
Glyndŵr Innovations, the commercial vehicle for Glyndŵr University, has been named as the fastest growing company in Wales.
The business scooped the accolade at Fast Growth 50, an annual awards scheme for Welsh businesses.
Set up four years ago, Glyndŵr Innovations has grown 494% in the last 12 months. It also collected an award for the Creative and Knowledge Industries at the event in Cardiff on Friday 14 September.
The success follows the acquisition of new facilities and associated research, including work on solar panels, screens for mobile phones and prototype mirrors for the world’s largest telescope.
Glyndŵr Innovations has also been responsible for delivering a six-figure project with KK Fine Foods to help employers to up-skill their workforce during the recession.
And it led a series of profitable knowledge-based Continuing Professional Development programmes (CPD) with the Buaman Moscow State Technical University in Russia.
Professor Michael Scott, Vice-Chancellor of Glyndŵr University, said: “We were delighted with the Creative and Knowledge Industries award but to hear we had won the big prize on the night was unbelievable.
“The award was won on hard facts; turnover, accounts, information from Companies House. It’s just fantastic.
“We have always said that we exist to support the economy of north Wales and this award shows that we are making great progress and helping to drive the economy of the region.”
Director of the Wales Fast Growth 50 initiative Professor Dylan Jones-Evans said: "Together, the 50 firms generated over £3bn of turnover in 2011 which is a record.
“More importantly, they generated over 3,800 new jobs demonstrating that even within difficult economic times, Welsh business can be competitive in an increasingly turbulent global environment.”