Record year of investment for Newcastle University spinouts
Newcastle University marked a record year in 2023 as investments in spin-out across life sciences, sustainable engineering and digital tech totalled over £40m. Created from research discoveries, the University’s 37 active spin-out companies now employ over 300 people. Spearheading the investment surge is Advanced Electric Machines who completed a £23M fund raising round. The funding […]
In the press: Newcastle spinout creating more jobs at new city centre base
Newcastle University spinout Aelius Biotech has raised £1.25m investment from the North East Venture Fund. The company now plans to open new lab facilities in the city centre. Aelius Biotech provides testing services for pharmaceutical and nutrition companies, using a model of a human gut to trial new drugs without the use of animals. The […]
In the press: CellRev secures £1.4m for scale up
A Newcastle University spinout has secured investment of £1.4m from the North East Innovation Fund and Innovate UK. CellRev spun out in 2019 and was the brainchild of academic founders Dr Martina Miotto and Professor Che Connon. The company focuses on technologies for the continuous manufacture of adherent cells. Their work is applicable in the […]
Northumbria ‘team of the year’ champions commercialisation at modern universities
Northumbria University’s IP and Commercialisation team scooped Team of the Year at Praxis Auril’s Knowledge Exchange Awards 2023. As a core partner in Northern Accelerator, Northumbria has demonstrated how a modern university with high-quality research can build a high-performing, sustainable technology transfer office without decades of investment and development. The team achieved this through clear […]
Join the academics making an impact by commercialising their research
Academics from Durham, Newcastle and Northumbria Universities are invited to apply for pre-incorporation funding to take their promising research outcomes closer to commercialisation. Funding is available in two forms – feasibility awards of up to £10,000 and proof of concept awards of up to £50,000. Applications must be submitted by 1 December 2023 and the […]
Major boost for innovation-led company creation in the North
Having transformed research commercialisation across the North East of England and North Yorkshire, the importance of the Northern Accelerator partnership has been recognised with further significant funding at a regional and national level. The partnership of Durham, Newcastle, Northumbria, Teesside, Sunderland and York universities has secured an additional £4.3m across two funding streams to expand […]
Northern Accelerator makes the shortlist
Northern Accelerator is shortlisted in the Times Higher Education Awards 2023. The six-university partnership is one of six shortlisted projects for Knowledge Exchange Initiative of the year. These are the 19th annual THE Awards, recognising excellence across the UK and Ireland. The awards cover a wide range of university activity across leadership and management, administration […]
Funding boost at Northumbria to speed up disease diagnosis
A Northumbria University academic has been awarded almost half a million pounds to develop a new process for sorting micro-nano particles which could improve cancer diagnosis and treatment. Dr Prashant Agrawal has been awarded a New Investigator grant of £470,000 by the Engineering and Physical Sciences Research Council (EPSRC) to research a new technique for […]
Spinning Out: North East spinout community at the Catalyst
It was a day of networking, showcasing, visiting, seeing and believing, when almost 100 representatives from the North East’s vibrant research commercialisation community came together at Newcastle Helix’s Catalyst Building. In an impressive and appropriate venue, with many spinout businesses now based at Newcastle’s Helix site, the invite-only gathering included academic spinout founders, business leaders, […]
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 […]
