Beta Bugs Ltd., a Scottish biotech company, has secured £1.72 million in funding. The round was led by The TRICAPITAL Syndicate LLP, with participation from SIS Ventures, Scottish Enterprise, Beeches Group, Climate.vc, together with existing shareholders in the business and InnovateUK. Beta Bugs intends to direct the funding to scale up their production and supply [...]
Cirdan Ltd., a global leader in digital pathology, has raised £2.3M in a round led by Kernel Capital. While the company is based in Lisburn, the company’s platform is used in over 150 laboratories and hospitals across 20 countries and offers a variety of digital support services for pathology. Cirdan is focused on directing their [...]
Kvantify ApS, a Danish quantum startup, has announced their expansion into the UK with a new office in London. The move comes as part of Kvantify’s broader strategy to solidify its position in the European market and bolster its international presence. The expansion comes with the appointment of four new employees to their drug discovery [...]
Ofgem, the non-ministerial government department also known as the Office of Gas and Electricity Markets, has announced a new scheme which will support three National Grid-led projects focused on developing electricity transmission and distribution network innovations with £1.3 million in funding. Ofgem’s Strategic Innovation Fund (SIF) programme is designed to drive the innovation needed to [...]
Technology Secretary Michelle Donelan has announced new measures to support the research sector and wider public. These measures include a new £60 million Regional Innovation Fund (RIF) that will boost support for universities in areas with lower levels of research and development investment. The Secretary of State unveiled the scheme alongside the launch of an [...]
The UK and Singapore are forging a strategic partnership to support innovation and R&D for both nations. The partnership was announced in early September when UK Prime Minister Rishi Sunak and Singaporean Prime Minister Lee Hsien Loong signed the UK-Singapore Strategic Partnership during the G20 Summit in India. The agreement charts a course for the [...]
Protein Industries Canada and Innovate UK are working together to support innovation in the food industry. The organisations are offering $20 million CDN for collaborative research and development projects aimed at diversifying the protein world with plant-based alternatives. There is a growing demand for plant-based food as the global food industry struggles to meet a [...]
Enzai Technologies Ltd, a Belfast-based startup, has secured $4 million in a seed funding round led by Berlin-based Cavalry Ventures. Enzai will use the funding to double-down on their market leading AI governance solution, which helps organisations understand and manage the risks that come with AI while meeting their regulatory obligations. Enzai was founded to [...]
Krucial, a Scottish startup leveraging space technology, has successfully secured $3.7 million in its latest funding round. The funding round was led by existing investor Scottish National Investment Bank, alongside University of Strathclyde and Scottish Enterprise, with new international investors including Dubai-based AzurX and brings their total funding to $7.5 million. The company intends to [...]
Open Cosmos Ltd., an England-based satellite startup, has raised $50 million in Series B funding from three leading impact investors, ETF Partners, Trill Impact and A&G. Satellites have proved beyond useful to our everyday lives. Open Cosmos is working to build sustainable, low-earth orbit satellites and their associated end-to-end data management systems. The latest funding [...]
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