The MTV-1 Micro TV was the second model of a near pocket-sized television. The first was the Panasonic IC model TR-001 introduced in 1970. The MTV-1 was developed by Clive Sinclair (Sinclair Radionics Ltd). It was shown to the public at trade shows in London and Chicago in January, 1977, and released for sale in 1978. Development spanned 10 years and included a cash infusion of £1.6 million (about US$2.9 million) from the UK government in 1976.