Paraytec in the Company of Dragons

Paraytec in the Company of Dragons

Thursday, 24th May 2007

Paraytec featured alongside Doug Richard of BBC's Dragons' Den at an event aimed at exploring the secrets behind taking innovation to market. CEO Carolyn Parkinson shared Paraytec's experience of technology business growth at the meeting on 23 May before introducing Doug Richard as key note speaker.

"Taking Innovation to Market" was organised by the Yorkshire Science and Technology Network (YSTN) and attracted over 170 delegates to the Old Swan Hotel in Harrogate, UK.

Carolyn told the story of Paraytec's establishment, and highlighted the hard work, nerve, and commitment required to bring a new innovation to market.

Doug then related his experiences of both successful and unsuccessful ventures, as well as his time on the BBC television series Dragons' Den. Doug revealed that his strategy on the show was to focus on finding a fatal flaw in potential investments the Dragons were asked to consider, and if he couldn't find one, he would invest.

Carolyn Parkinson commented: "It was a real pleasure to meet Doug Richard and compare perspectives on innovation. He was very complimentary about Paraytec as a business, which was a great endorsement to receive from such a respected and high profile entrepreneur."

Doug Richard is the founder and Chairman of Library House, founder and Vice-Chairman of Cambridge Angels, and Chairman of Hotxt. He has over 20 years experience of innovative business ventures. Doug appeared on the first two series of Dragons' Den, a highly successful BBC series which offers start up businesses the opportunity to appear in front of a fierce panel of investors to pitch their idea and seek investment.

The YSTN is a network for science and technology businesses, and is supported by Yorkshire Forward as part of the Knowledge Rich programme. More information on YSTN is available at, and further information about the event can be found on the link below.

Photo courtesy of Yorkshire Forward

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