Rainbow Seed Fund & University of Birmingham Back Promising Technology Spinout Linear Diagnostics
Spinout developing novel hand-held reader to help in the fight against antibiotic resistance
Birmingham, UK (PRWEB UK) 24 May 2017 - Rainbow Seed Fund, an early-stage venture capital fund focused on building technology companies from the UK's research base, announced today an investment into University of Birmingham spinout Linear Diagnostics. The investment was match-funded with an award from the University of Birmingham’s Spinout Investment fund and the company received a total investment of £300,000.
The investment will enable Linear Diagnostics to develop its platform technology into a handheld device that can rapidly detect the presence of bacterial infection and simultaneously identify the risk of resistance to the most commonly prescribed antibiotics, without the need for laboratory facilities. The device will provide a readout within minutes of sampling.
INNOVATION EVENT TO SHOWCASE THE SUPPORT YOU NEED, WHATEVER YOUR BUSINESSVenturefest West Midlands, the event for entrepreneurship, innovation and investors, will arrive back at the NEC in Birmingham on the 27th June and this year with the increased support of Barclays Bank, who will be offering even more support and expert advice to help to early stage entrepreneurs and established business owners grow their business. Venturefest is a free, one-day event aimed at supporting business growth through innovation. It will bring together entrepreneurs, innovators and investors, bringing with it a wealth of opportunity to network with fellow entrepreneurs and local support providers.
Smart Antenna Technologies (SAT) is opening a research facility in the Taiwanese capital of Taipei.The company, set up 2013, will initially hire five new engineers to work with customers in China, Japan and Taiwan. SAT currently employs 19 engineers and researchers at its Birmingham HQ and at a separate office in Bath. The Taiwanese facility will be managed from the Edgbaston headquarters. Currently smartphones and laptops have up to five separate antennas for Bluetooth, WiFi and 4G connections. SAT’s technology enables a device’s multiple antennae to be sited in one unit. SAT’s technology can also extend device battery life by up to 10%.
Rightangled Diagnostics was one of six UK companies chosen to take part in a trade mission to Texas to showcase UK healthcare excellence. The trade visit was organised by the Association of British Healthcare Industries (ABHI) and was supported by the UK government.
We held a vibrant BioBrum 2017 last week at the Birmingham Research Park. The first national event of its kind hosted by The BioHub Birmingham was a great success with lively networking, talks packed with useful content and personal insights from entrepreneurial journeys. We were delighted to present the prize of six months free laboratory space at The BioHub Birmingham and business support to our winner - Linear Diagnostics.
We are delighted to welcome Intray Limited to The BioHub Birmingham.
The BioHub Birmingham® hosts national life science event.The BioHub Birmingham®, Birmingham’s flagship life science incubator, is hosting its first BioBrum Life Science event on 16th February 2017. Aimed at pre-revenue life science companies the free event will include talks on finance, intellectual property, effective use of professional networks and business development. There will also be an opportunity for one-to-one advice sessions with IP, finance and business planning specialists. The event will be held at the Birmingham Research Park, which houses a community of research-led companies and is the home of The BioHub. All eligible companies registering for the event will have the opportunity to win six months free laboratory space at The BioHub*, and complementary business assistance provided by the Enterprise Acceleration team at the University of Birmingham. We are looking for highly disruptive and innovative approaches, and the projects will be judged on how novel they are, as well as their long term commercial potential.
We have a few remaining all inclusive/flexible terms lab benches available for rent, please contact Ewa firstname.lastname@example.org for more information.
An independent report has recently concluded that 'The BioHub can be regarded as the right approach, in the right location at the right time.'
The report, by well respected firm ERS Ltd; specialists in Research and Consultancy, covers many aspects of The Biomedical Innovation Hub (The BioHub) project, including strategy, delivery and impact . The project, which was delivered by the University of Birmingham with project partners Alta Innovations and Birmingham Research Park Ltd, was funded by the University of Birmingham, Birmingham City Council and ERDF.
The Vice Chancellor of the University of Birmingham, Professor Sir David Eastwood, welcomed the report as a very encouraging and supportive review, saying “The BioHub makes a significant contribution to the growth of the life sciences sector in Birmingham and is a major asset for the outstanding medical cluster here in Edgbaston, and the wider City region.”
A number of recommendations were made with the purpose of continuing the impetus that that has been achieved so far, and in particular to maintain engagement with all stakeholders.
ERS conclude that 'The BioHub has provided a bridge between university laboratory space and businesses own, standalone premises, at a reasonable rent. This enables increased cash flow, therefore supporting the growth of new companies. In addition The BioHub has raised the profile of the life sciences sector in Birmingham, in that it provides a tangible space that can be seen and touched, adding a reality to the range of strategies and plans for the sector currently under development.'Download here
A team of PhD students from the University of Birmingham, have won the prize for ‘Best IP strategy’ at the finals of a national business start-up competition, sponsored by Potter Clarkson LLP, worth £500. The Biotechnology YES (Biotechnology Young Entrepreneurs Scheme) aims to find the entrepreneurial scientists of the future.
The postulated company Algagen fended off stiff competition from other teams at the 2015 UK finals, to win the prize for their best consideration of IP.
The prize was awarded for the team’s investment pitch for Algamix, an algae-based swine feed supplement engineered to express antibodies targeting the leading causes of swine mortality. Algamix significantly reduces pig mortality and enhances farm productivity whilst simultaneously permitting elimination of prophylactic antibiotics which are contributing to a global crisis in antibiotic resistance.
Niall Gilding, Managing Director of Algagen commented “We are thrilled to win a prize – the standard of the competition was extremely high and this success is a recognition of all the hard work the team put in”.
“We are extremely grateful to several people at the University of Birmingham - particularly at Alta Innovations and The BioHub on Birmingham Research Park – for so generously donating their time and advice whilst we shaped our business plan”.
Biotechnology YES is an annual business plan competition designed to raise awareness of science commercialisation amongst junior researchers. Organised by the Biotechnology and Biological Sciences Research Council (BBSRC) and The University of Nottingham, Biotechnology YES is now in its 20th year and attracts significant support from industrial partners including GSK, Unilever and Syngenta.