The UK Government has released a detailed report on R&D spending across the country, shining light on a clear divide in public funding. Previously, the UK Office for National Statistics (ONS) would run an R&D survey, asking each government department what R&D is conducted and where in government it is performed. This method left a [...]
ILC Therapeutics, a biotech company, is working towards a Series A funding round and an IPO, following successful in vivo testing of their primary drug candidate. The company has previously raised £3.5 million and £2 million in two separate rounds in 2021 and 2022 respectively. Interferons are unique molecules which interfere with viral replication, protecting [...]
The Welsh Government has signed a new partnership agreement with Innovate UK, further supporting innovation and R&D in the country in a bid to help grow the Welsh economy. A Memorandum of Understanding was signed between the Welsh Minister for the Economy and the CEO of Innovate UK, representing the first MoU agreed with a [...]
London-based Polymateria has secured £20M in Series B funding to commercialise their self-destructing plastic technology and expand into new markets. Founded in 2015, the start-up company has spent the past 8 years developing a novel plastic technology that breaks down in one year, without leaving any microplastic or toxic residue. This is a significant difference [...]
In line with recent changes to the UK’s Research and Development tax incentives to be effective from 1 April 2023, the company has released guidance about the supplemental information required. What is the Additional Information The form requires the following information Company Details Unique Taxpayer Reference (UTR), this must match the one shown in your [...]
The Government published draft legislation in July 2022 covering significant reform to the UK’s Research and Development tax incentives to be effective from 1 April 2023. With this date imminent, let’s discuss what these changes mean. The Government stressed the objectives of the legislative changes are to produce a modernised and cost effective scheme with [...]
Altruistiq, a software as a service (SaaS) startup using data to improve carbon reporting, has raised £15 million in one of Britain’s largest tech seed funding rounds. The company’s mission is to create the means for nearly any company to achieve and improve their sustainability. Their solution? Data-driven carbon-analytics to drive decision making and identify [...]
Deregallera, a Welsh company founded in 2009, has caught the attention of Ford, securing £1.8 million in support for their electric vehicle project. The Caerphilly-based R&D firm will lead a project that will utilize the talent at Meritor - a commercial brake manufacturer, and Cardiff University. The project will focus on the design, development and [...]
CropBiome has received €1.3 million in funding in a round led by HBAN (Halo Business Angel Network), and a joint initiative of Enterprise Ireland, InterTradeIreland and Invest Northern Ireland. CropBiome is an agritech startup focused on building sustainability into a more secure food model. This mission comes in response to the growing concern of climate [...]
London-based MultiOmic Health Ltd. has partnered with Singapore’s Mesh Bio Pte. Ltd. to conduct an observational clinical study on patients with chronic metabolic disease and increased risk of complications such as chronic kidney disease. This partnership will provide access to data from patient populations in Asia which are historically underrepresented in chronic metabolic disease studies. [...]
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