Research and development initiatives designed to accelerate bio-based manufacturing in Scotland have received a £5 million funding boost through Innovate UK’s Launchpad programme.
Edinburgh-based Lentitek Ltd has secured £1 million in funding over the past six months, including £700,000 from Scottish angel investment syndicate Equity Gap.
Scottish biotech engineering company uFraction8 has secured £3.4 million in new investment following the completion of a funding round led by Foresight Group.
The Bettii Pod Ltd, an innovative FemTech start-up founded by CEO Elaine Galston, has secured £70,000 in Scottish Edge funding after emerging as a winner in the latest competition round.
Pictured (L-R): Mark Beaumont, partner at Eos; Jessica Birt, Concinnity CEO and co-founder; Dr Matthew Dale, CSO and co-founder; Professor David Venables, chair of board; Professor Susan Rosser, chair of scientific advisory board (credit: Stewart Attwood)
Eden Mill distillery has partnered with MiAlgae, a Scottish biotech firm and Earthshot Prize finalist, to repurpose whisky effluent, a by-product of distillation, to grow microalgae as a sustainable source of omega-3s.
SOLASTA Bio, a Glasgow-based agri-biotech firm, has successfully raised $14 million (c. £10.7m) in Series A funding to advance its groundbreaking nature-inspired bioinsecticides.
The West of Scotland Space Cluster, the newest addition to the UK’s thriving ecosystem of regional space clusters, has launched ahead of Space-Comm Expo Scotland at SEC Glasgow 11-12 September, one of the year’s biggest UK space industry events.
HonuWorx, a Scottish underwater robotics company, has received a seven-figure investment to advance its plans to transform operations in the energy and security sectors.
Metacarpal – a startup behind what is thought to be the world’s first mechanical bionic hand – has secured £800,000 in seed funding to accelerate its prosthetics development and improve the lives of amputees.
Scottish Enterprise is investing £8 million in the construction of the University of Dundee’s Life Sciences Innovation Hub, a new £40m facility set to open next year.