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 […]
Sphera announces close of £1.9 million funding round
Sphera, a Durham University spin-out helping the construction sector build a net-zero world, has announced the close of a £1.9 million funding round. By recycling what most deem unrecyclable, Sphera has created a carbon negative aggregate for concrete. Their building materials are tackling the colossal carbon footprint of traditional concrete, which makes up 8% of […]
Spin-out CEO appointed new chair of British Society for Research on Ageing
The British Society for Research on Ageing (BSRA) has announced its new Chair, biology of ageing researcher and entrepreneur David Weinkove, Associate Professor of the Department of Biosciences at Durham University, and CEO of spin-out company Magnitude Biosciences Ltd. Dr Weinkove’s appointment comes in a booming era for ageing research, characterised by increasing investment in […]
Oral cancer drug developer LightOx joins Newcastle Helix
LightOx, a Durham University spin-out developing new oral cancer treatments has announced its move to The Biosphere in Newcastle’s city centre. This specialist lab facility is part of the Newcastle Helix development and home to an increasing cluster of life science and biotech companies. LightOx was established in Durham in 2016 and incubated in Durham […]
Investment in Durham spin-out developing ground-breaking cancer treatment
LightOx, a Newcastle-based spin-out from Durham University, has received an initial £400k investment from funds managed by Northstar Ventures to help develop its product to revolutionise oral cancer treatment. LightOx is using new technologies to develop light activated treatment which can improve outcomes for patients and reduce the need for surgery. The investment from our […]
Durham spin-out tackling climate change
Northern Accelerator spin-out, Sphera, has been accepted onto the Tech Nation Net Zero 2.0 programme, which is supporting the UK’s most promising climate tech companies to drive down environmentally harmful emissions. Founded in September 2019, Sphera is developing low carbon, next generation construction materials. They’re currently focused on a world-first – carbon zero and carbon […]
Durham University opens Orbit building to support technology and science firms
Durham University has opened its £1.4m Orbit centre at NETPark in Sedgefield, a University Enterprise Zone purpose-built to provide support to technology and science SMEs. Businesses that become members will benefit from targeted guidance and support from the University’s researchers and partners at Centre for Process Innovation (CPI) and Business Durham. Companies will also have […]
