GE Healthcare Completes Acquisition of U College London-supported Bioprocessing Start-Up
GE Healthcare has completed the acquisition of Puridify, a UK-based bioprocessing start-up focused on a nanofiber-based platform purification technology for biopharmaceutical production, GE Healthcare announced on Nov. 28, 2017. As part of the acquisition, GE Healthcare will gain Puridify’s technology, FibroSelect, which is complementary to the bead resins and chromatography membranes used in downstream bioprocessing. […]
Z21 Innovation Fund to accelerate University of Southampton Web startups
Funding is being made available for projects at the University of Southampton capitalising on the growing potential of the Web through the new Z21 Innovation Fund. The fund, a collaboration between the University of Southampton and the Solent Local Enterprise Partnership (LEP), launched yesterday with an event at the University’s Highfield Campus during Global Entrepreneurship Week that saw representatives […]
Biomedical Catalyst Award Goes To BioMoti, Pharmidex and Queen Mary University of London
BioMoti, Pharmidex and Queen Mary University of London (QMUL) have been awarded a grant of £662,222 by the UK’s innovation agency, Innovate UK. The grant was awarded under the Biomedical Catalyst funding competition to support preclinical studies of new therapeutic approaches for hard-to-treat tumours including advanced ovarian, triple negative breast and pancreatic cancers. The project […]
Oxford biotech startup Nightstar Therapeutics plans US NASDAQ float
Founded in 2014, the company has developed a technology that could cure blindness. Nightstar is the latest in a number of UK-based healthcare companies looking to US markets for IPOs. Investors in the US are said to have a better understanding of biotech, which leads them to value early-stage companies at higher amounts. Nightstar is […]
Aston University startup gets $200K seed funding to bring AI to smart buildings
Grid Edge, is the brainchild of three researcher friends, Tom Anderson, Dr Jim Scott and Dr Dan Wright, who met while working together at Aston University’s European Bioenergy Research Institute in 2012. The funding comes from Ignite, the investment fund from UK power supplier Centrica, to help it take a step closer to realising its […]
Imperial pilots new route for academic spinouts, inventor choice
In a first for any UK university, the College has launched Founders Choice™, a programme offering academics a choice between two routes for founding spinout companies. It has been created by the College with the support of its technology commericalisation partner, Imperial Innovations. The Founders Choice™ initiative is an exciting opportunity for people like myself – Professor […]
Super seven firms boosted by University of Essex Knowledge Gateway Innovation Fund
Among the projects which have been boosted by the Knowledge Gateway Innovation Fund is the EyeWink, which enables smartphone users to control their devices with the wink of an eye. The brain-computer technology, developed by senior Essex university researchers Davide Valeriani and Ana Matran-Fernandez, could soon be in production thanks to a £15,000 grant. It provides […]
Birmingham AI start-up secures £200,000 Centrica backing
Birmingham-based Grid Edge is the brainchild of three researcher friends, Tom Anderson, Dr Jim Scott and Dr Dan Wright, who met while working together at Aston University’s European Bioenergy Research Institute in 2012. Following three years of product development, the trio has created cloud-based energy management software which uses artificial intelligence (AI) to forecast the […]
Innovate UK innovation agency gains cash — and clout
UK scientists fearful for their research funds ahead of Brexit were cheered last November when the government announced it would plough an extra £4.7 billion (US$6.1 billion) into research and development (R&D) by 2020–21. But the biggest winner from the largely industry-focused cash may be a government innovation agency that is rapidly gaining clout. Innovate UK began […]
IoT start-up Drayson Technologies clinches £10m to fund “cutting edge” research at Oxford University
Healthcare tech business Drayson Technologies is celebrating the close of a £10m Series C investment round led by Woodford Investment Management, which will support the business’ “ground-breaking” research deal with Oxford University and its NHS Trust. As part of the funding round, Oxford University and the Oxford University Hospitals NHS Foundation Trust (OUH) will receive […]