University of Cambridge breaks its early stage investment record with £5.3 million into 14 startups
For the fourth year in a row, the University of Cambridge has broken its early stage investment record, approving 14 seed fund investments for a total of £5.3 million, an increase on the £3.8 million invested in 2014/15. This new funding follows another successful year highlighted by the exits of VocalIQ, Lumora and Cambridge CMOS […]
Edinburgh University DEM software tech spin-out to launch off £450,000 in investment
Particle Analytics has developed intelligent software that allows organisations across a range of industries to simulate the movement of bulk solids and particles in a more advanced, efficient and cost effective way. The technology aims to enhance the efficiency of conventional Discrete Element Modelling (DEM) software reducing the time needed for simulations from days to […]
Enterprise Ireland gets a new €200k start-up Competitive Feasibility Fund
A new €200,000 Enterprise Ireland Competitive Feasibility Fund for entrepreneurs and early-stage start-up companies in the Cork region has been launched. The fund, which is a key measure of the Government’s Action Plan for Jobs, is aimed at stimulating businesses by providing up to €25,000 in funding to each successful applicant. The fund is open […]
Birmingham’s Health Tech Kaido secures £50,000 funding from Mercia Fund Management SME Innovation Fund
The SME Innovation Fund is a joint initiative set up by Mercia Fund Management, leading investment business in UK innovation and a wholly-owned subsidiary of Mercia Technologies PLC and the West Midlands Academic Health Science Network (WMAHSN), to help build and support healthcare start-ups across the West Midlands. The WMAHSN brings together investment, energy and […]
Spin-out company from Queens University receives £500k investment for cancer-detecting sensors
It was announced today that Kernel Capital has invested £500k in Causeway Sensors, a spin-out from Queens University Belfast (QUB). Founded by fellow QUB Academics Dr. Robert Pollard, Prof. Robert Bowman and Dr. John Nelson, the company have developed novel nanostructured chips for sensing applications accompanied with a reading device for the detection and measurement […]
Irish university oncology start-up attracts $95m funding
A new Irish company treatment company, Carrick Therapeutics, has attracted $95 million (€84.5 million) in an initial funding round. The new financial backers to the fledgling company, which aims to build Europe’s leading oncology company, include Arch Venture Partners, one of the largest early-stage technology venture firms in the US, and Woodford Investment Management, a […]
UK pledges £220m tech fund for life science and university sectors
The UK government is set to invest £220m in a package of measures for the life science and university sectors to support the use of cutting edge technologies. The support was announced by the chancellor Philip Hammond over the weekend and half of it will be tailored to help translate medical technology breakthroughs into commercial […]
Johnson & Wales University and Angel Fund Announces The Food Innovation Nexus: a Venture Towards Therapeutic Breakthroughs in Healthy Food and Medicine
Johnson & Wales University (JWU), a world-renowned culinary educator, is no stranger to food innovation. Today it is announcing its newest venture to spur therapeutic breakthroughs at the intersection of healthy food and medicine: The Food Innovation Nexus (FIX). In partnership with three product development entrepreneurs, Michael Allio, Steve Lane and Ken Levy, The FIX […]
Enterprise Ireland’s €500,000 agricultural fund opens for applications
Enterprise Ireland’s €500,000 Competitive Start Fund (CSF) to support start-up activity in the agricultural and manufacturing sectors opens for entries today, September 21. The fund provides €50,000 in equity fundingfor each successful applicant and will close at 3pm Wednesday, October 5, 2016. Now in its second year, the purpose of the Competitive Start Fund is to […]
Imperial Innovations invests £5.1m in new biotech start-up
AIM-listed technology investor Imperial Innovations invested £5.1m in Artios Pharma, a new biotech start-up launched on Wednesday. Imperial Innovations contributed £5.1m to the £25m series A funding round, giving it a 14.9% interest in the new Cambridge- based company. Artios, which is backed by a syndicate of leading European and US life science investors including […]