Innovate UK has awarded funding to a collaborative project to develop a new care path for patients which could save the NHS 1.4 Billion. Collaboration between NHS Greater Glasgow & Clyde, eHealth, the Department of Research & Development and Edinburgh based StormID, KenSCI and ResMed has resulted in a new project which will develop a new care pathway for patients with COPD. Chronic Obstructive Pulmonary Disease (COPD) affects 1.2 million people in...
Scotland’s national innovation centre for industrial biotechnology is to receive a new £11 million investment from the Scottish Government over the next five years. The funding will support the Scottish Government’s National Plan for Biotechnology by contributing 500 jobs to the 1,400 jobs the Plan aims to create. The funding was confirmed yesterday by Minister for Trade, Investment and Innovation, Ivan McKee. Mr McKee said:...
The Edinburgh-headquartered software firm is praised by industry analysts after it records 100% increase in news sales, big hike in pre-tax profits and eyes further acquisitions. Craneware, the organisation that specialises in the US healthcare sector has reported pre-tax profits up in the year to the end of June. Its pre-tax profits increased 12 per cent to $18.9 million (£14.7m) from $18m (£14m) in 2017. Revenue was up...
Ubiquigent Limited, a company focused on enabling and supporting ubiquitin system targeted drug discovery, announced today that it was awarded a new grant from Innovate UK as part of its Investor Accelerator Pilot to support a project entitled; ‘The development of novel compounds to seed a neurodegeneration drug discovery programme’. The programme provides simultaneous grant funding and venture capital investment for early stage projects led...
Healthcare and biotechnology companies accounted for the lion’s share of the investment with £17m raised. Standout deals in Scotland included £10m raised by Edinburgh-based drug discovery firm AdoRx Therapeutics and £6m by 3F Bio, which creates sustainable protein from renewable sources. Learn more about the investment opportunities in Scottish life sciences here. Scottish companies raised £21m in venture capital in the second quarter of 2018, more than double...
Life Sciences Scotland is delighted to see a number of Scottish life science companies recently being awarded Innovate UK funding, including Synpromics, MGB Biopharma, and RoslinCT, but we would like to see more Scottish applications to Innovate UK. This blog explains the background to the Innovate UK funding linked to the UK industrial strategy and how to find out about all the funding available. We...