Edinburgh University graduates sell start up to Facebook
31 May 2016
Two Indian graduates who studied at the University of Edinburgh have sold their company to Facebook.
Varun Nair and Abesh Thankur who founded Two Big Ears, a company which specialises in audio and video synchronisation and 3D sound for virtual reality applications, both stayed in Scotland thanks to a graduate entrepreneurship scheme from the University of Edinburgh.
While studying at the University, Abesh and Varun received support from LAUNCH.ed, which provided mentoring, investment, training and advisory support.
They also received support from the Business School’s Entrepreneurship Club (eClub) and Informatics Ventures (IV).
Grant Wheeler, head of company formation at the University of Edinburgh, said: “We’re thrilled for Abesh and Varun. They have worked hard to develop a robust and exciting product and built a strong team to deliver on their mission. They have made the most of all the support offered by the University and have turned their idea into something that will have real impact in the marketplace.
“We’re pleased that the University’s commercialisation teams in LAUNCH.ed and Informatics Ventures could be part of their entrepreneurial journey. The success of TwoBigEars is further evidence that student start-ups make a difference and are worth investing in.”
The company which was sold for an undisclosed sum to Facebook this week, was started in 2013 and has suite of audio software tools that will now be available to video developers for free with the Facebook contract as part of the company’s ‘360 Spatial Workstation.’
Abesh Thankur who is originally from Kolkata, completed an undergraduate degree in Electronic Engineering and worked in IT Consultancy in Chennai before coming to Edinburgh to study a Masters in acoustics and music technology.
His business partner Mr Nair from Bangalore, worked for nine years in the music and post production industries before studying for a masters in sound design at Edinburgh College of Art.