Technology commercialisation company Frontier IP is set to be the first new listing on AIM in 2011.

Technology commercialisation company Frontier IP is set to be the first new listing on AIM in 2011, having raised £1 million conditional on admission.

Graham Barnet, CEO of Frontier’s parent company Sigma, comments: ‘It has been our stated strategy to provide Frontier IP with an independent financial platform and the admission to AIM and placing represent pleasing delivery of this goal.’

On admission, the PLUS-quoted company will have a market capitalisation of approximately £3.5 million.

Edinburgh-based Frontier IP invests in university spin-out companies to develop intellectual property, having worked with University of Dundee and Robert Gordon University. In the six months to December 2009, the company declared a pre-tax loss of £97,000 on a revenue of £85,000.