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University of Derby investment drives tech job creation

Published: Sunday, 06 September 2015   Category: All Graduate Jobs News

A Derby software company is set to embark on a recruitment drive after being awarded £800,000 by the city’s university to help boost business.

CommonTime is part of the University of Derby’s £16.5 million Invest to Grow programme and will use the funds to develop one of its key products.

Its mDesignproduct gives organisations the chance to develop business mobile applications and the majority of the funds will go into evolving it further.

Two project will benefit from the funding, with the CommonTime Growth Project aiming to boost sales and marketing investment, and the CommonTime Research and Development Project will help ensure the firm stays a market leader.

As a result, 30 new full-time permanent roles will be created across the next two years, providing plenty of opportunities for graduates to enter into the tech sector.

CommonTime chief executive Ian Knight revealed that the financial support is set to have a “significant impact” on the company’s growth plans in the long term.

He explained that it will allow the firm the chance to take the mDesign mobile application “to the next level”, enhancing its competitiveness, market presence and technical capabilities. 

The finance should also enable for further research and development, alongside the creation of high quality jobs.

The Regional Growth Fund provided the University of Derby with £16 billion in 2014 to aid business growth in the region by investing in companies.

On top of this, the university also provides the firms with access to technology and academic expertise, giving them what is required to be successful.

There are few limitations on what the finances can be used for, provided they fall into the broad categories of service/ product improvement or development, as well as company expansion.

In order to be considered, a company must be willing to invest some of its own resources and demonstrate that they are capable of creating sustainable jobs for at least three years.

Grad Plus has an extensive set of graduate jobs in IT for those who are hunting for work after university

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