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    Research and development and IT support   

BT Exact is BT’s research, technology and IT operations business. It offers expertise and experience in ICT, backed by a team of over 6,000 technologists and one of the world’s largest communications research and development facilities. The work undertaken by BT Exact is part of an investment of £334 million in research and development made by BT in the 2004 financial year. This compares with £380 million and £362 million invested in the 2003 and 2002 financial years, respectively.
     At BT Exact’s core are our world-renowned laboratories at Adastral Park near Ipswich, which have been responsible for some of the world’s most far-reaching advances in telecommunications technology, including the advancement of single-mode optical fibre and of the technology and worldwide standards behind passenger phones on aircraft and videoconferencing.
     Brightstar – BT’s business ‘‘incubator’’ with the goal of commercialising our patent portfolio – was created in January 2000. In March 2003, BT Exact teamed up with Coller Capital and New Venture Partners (NVP) to create a new, independent corporate venturing partnership – NVP Brightstar.
     BT remains a limited partner and NVP Brightstar remains closely associated with BT Exact through exclusive rights to continue to spin-out companies from its R&D, professional and computing services base. This venturing unit complements our existing patent licensing programme, for which we have an exclusive long-term arrangement with Silicon Valley-based IPValue Management Inc.
 

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