Pictured above: (l-r) Investor John Dixon, with Jane
Scrivner of Spapliance and Tim Powell of the Minerva Business Angel
Network
Things are set to heat up in the health and beauty industry
after a new company received investment to help it launch its debut
product.
Spapliance, based in Willicote, Stratford-upon-Avon, has just
received £120,000 of investment from the University of
Warwick Science Park's Minerva Business Angel Network and Midven
the West Midlands specialist venture capital company, investing
from the firm's Early Advantage fund.
The company, which was formed by couple Jane Scrivner and Kevin
McWilliams, launched its first product - The Orb - during the
prestigious Professional Beauty 2011 exhibition at London's
ExCeL.
The device is a portable, continuous heat chamber for warming
skincare products such as waxes, clays and mud and was conceived
after Jane spotted a gap in the market during her work as a health
and beauty therapist.
"When dealing with customers you want them to feel as warm and
relaxed as possible and so it is important that these skincare
products are at an acceptable temperature when applied," she
said.
"There was nothing on the market which could heat these products
accurately and safely while maintaining the temperature and I spent
a lot of my time reminding therapists to put products back in the
hot towel area or into warm water.
"Kevin designed the product after I came home one day and
demanded a solution to this problem!"
By happy coincidence Kevin's background is in heating technology
and he devised the state-of-the-art technology that powers The Orb
which heats products in under 15 minutes and maintains the
temperature of the contents for one hour after it has been removed
from the heating source.
"Approaching Minerva was our first attempt at attracting
investment," said Jane.
"We knew we needed help to grow and we wanted to be able to
build a presence in the industry quite quickly.
"Going forward we aim to launch one new product to market each
year for the next five years."
The Orb will be available commercially in March and there are
plans to launch a personal version under the Jane Scrivner label in
June 2011. More information about the product can be found at
www.spapliance.com.
The Minerva Business Angel Network, which is based at the
University of Warwick Science Park's Venture Centre, on Sir William
Lyons Road, is headed up by Tim Powell.
It aims to assist small and medium size businesses with
high-growth potential access the funding they need to fulfil their
promise and in the last 12 months the Minerva investor syndicate
have completed 7 investments with funding in excess of £2m
being raised.
Powell said: "What Spapliance has done, with help the
Manufacturing Advisory Service West Midlands (New Product
Development programme ) is apply cutting-edge technology to develop
a very functional product.
"It clearly fitted perfectly in with the luxurious surroundings
often associated with health and beauty treatment centres but also
solve a basic every day challenge faced by professionals in the
industry.
"Our investors were immediately impressed with a concept that
filled an obvious gap in the market and aside from funding, the
Minerva investors will provide much needed practical business
advice and support to assist the company fulfils it's
potential."
Giovanni Finocchio, investment manager from Midven said: "We
invested in Spapliance because the management team know their
market, they have an innovative product which they have protected
with a patent.
"The success of the company doesn't just rely on this one
product, as the company has a pipeline of products. All in
all, these are exciting times for the business."