Tekcapital in strategic alliance with Bajainnova

Tekcapital has executed a strategic alliance agreement with Bajainnova SAPI de CV to market its services in Mexico.

Technology and intellectual property services provider Tekcapital said it believed Mexico was a large potential market for its technology-transfer services.

"Universities and companies throughout Mexico are focusing on commercialising innovations," said Bajainnova's CEO, Eduardo Valierra in a statement.

"We believe there is strong interest in Tekcapital's unique services and we look forward to building a significant long-term partnership with Tekcapital to meet this increasing demand."

At 10:59 GMT, shares in AIM-quoted Tekcapital were up 4.05% to 38.5p.