Growth acceleration funding for the Durham spinout decarbonising construction
Durham University spinout Low Carbon Materials (LCM) has secured £3M growth acceleration funding. LCM is on a mission to decarbonise concrete and asphalt – huge contributors to the world’s carbon emissions. LCM designs and manufactures carbon-negative aggregates, the essential crushed stone, sand, or gravel components that give concrete and asphalt their strength and stability. The […]
The Durham spinout trialling new treatments for Motor Neurone Disease
Nevrargenics Limited, a Durham University spinout supported by Northern Accelerator, has got the green light to run a clinical trial. Andy Whiting is CEO of Nevrargenics Limited and an Emeritus Professor in the university’s Chemistry Department. Andy explained how his team is using new funding to discover new treatments and hopefully a cure for the […]
£1.5m investment in Lightox boosts development of innovative treatment to prevent oral cancer
A Durham University spinout has raised £1.5m investment to help develop a ground-breaking treatment for patients with early-stage oral cancer. LightOx, now based at The Biosphere at Newcastle Helix, has raised money to develop its lead candidate LXD191. LXD191 is an oral gel activated by a light device targeting a serious pre-cancerous condition called oral […]
From university research to a spinout hosting exciting royal visit
Prince William made a visit to Durham University spinout Low Carbon Materials (LCM) this week. His Royal Highness learned about how the Earthshot Prize finalists create their innovative, low-carbon construction materials. LCM spun out of Durham University in 2019, co-founded by Dr Natasha Boulding, Scott Bush and Dr Phil Buckley. The company develops materials that […]
New road material paves the way to net zero
A road resurfacing scheme in County Durham has used a new material which enables the creation of net zero asphalt. This UK first uses a material designed and manufactured by Low Carbon Materials (LCM). LCM is a Northern Accelerator-supported spinout from Durham University. Durham County Council and roads resurfacing partner Rainton Construction – part of […]
Magnitude Biosciences awarded £250,000 grant to continue pioneering work
Magnitude Biosciences Limited, a Durham University spin-out and specialist provider of C. elegans research services to the longevity, nutraceuticals, and pharmaceutical industries based in the North East of England, has been awarded a Future Economy Investor Partnerships grant of nearly £250,000 by Innovate UK. The grant will be matched by an investment from the North […]
Magnitude Biosciences secures £500k investment to accelerate business growth
Magnitude Magnitude Biosciences Limited has closed a fourth round of investment to accelerate the scaling of its business. The Durham University spin-out specialises in providing C. elegans research services to the longevity, nutraceuticals and pharmaceutical industries. The investment has been made in response to rapidly growing customer demand for Magnitude Biosciences’ services. The new funding […]
Durham spin-out announced as finalist in Earthshot Prize Awards
Durham University spin-out, Low Carbon Materials (LCM), has been named as one of three international finalists in the Fix Our Climate category, in the world’s most prestigious environmental prize, The Earthshot Prize, 2022. All 15 Earthshot Prize finalists announced by HRH Prince William today, 4 November, are recognised as an accomplished group of entrepreneurs and […]
Magnitude Biosciences appoints new CEO
Magnitude Biosciences Limited, a Durham University spin-out based at NETPark in Sedgefield, has appointed a new CEO, Fozia Saleem. Magnitude Biosciences is one of the world’s leading commercial providers of services for determining the effects of compounds on ageing, longevity, neurodegeneration and reproductive health. The company spun out of Durham University in 2018 with support […]
In the press: North East Times speaks to three promising spin-outs
North East Times magazine’s September issue shines a light on three of Northern Accelerator’s latest spin-out companies from Newcastle and Durham Universities. Skin Life Analytics, ESP Diagnostics and Respiratone were supported by Northern Accelerator to spin-out of the region’s universities recently, utilising our Executives into Business programme and other support to ensure the best chance […]
