News
Edinburgh University spinout Exergy3 raises £10m to turn wasted wind power into industrial heat
Exergy3 has closed a £10m seed round to commercialise technology that converts curtailed renewable electricity into high-temperature heat for industrial use, tackling grid waste and factory emissions in one go.
The Edinburgh University spinout has developed modular thermal energy storage units that take surplus power, such as wind generation the grid cannot absorb in real time, and deliver process heat at temperatures ranging from 50°C to 1,200°C.
Source: UK Investor Magazine
Ingenza Announces Strategic Partnership with Ab Biotechnology
Midlothian Science Zone welcome this announcement of a partnership between two companies based on neighbouring science parks 'in the zone'.
The close proximity of Pioneer Group’s Edinburgh Technopole and Pentlands Science Park will enable Ingenza and Ab Biotechnology to share complementary services and deliver a seamless and engaging experience for customers.
Innovative research suggests Bass Rock gannet colony may be stabilising after avian flu outbreak
New research is shedding light on the health of one of the UK’s most important seabird colonies, suggesting it may be stabilising after the devastating 2022 avian flu outbreak. A team from the Scottish Seabird Centre, Edinburgh Napier University, the University of Edinburgh’s School of Geosciences, and the UK Centre for Ecology and Hydrology are using cutting-edge technology to better understand one of the world’s largest northern gannet colonies on Bass Rock.
Cloned predecessor to Dolly the sheep goes on permanent show at museum
A cloned sheep that helped pave the way for the creation of Dolly the sheep has gone on show at a rural life museum. Morag and her identical twin Megan were cloned from the same embryo and were the first mammals to be successfully cloned from differentiated cells. Their births in June 1995 at the Roslin Institute in Edinburgh were hailed as a technical breakthrough and made the birth of Dolly the sheep the following year possible.
Source: STV News
Scotland’s scaleups being held back by £25m glass ceiling
Scotland risks losing high-growth companies overseas unless it addresses a widening gap in later-stage capital and skills, industry leaders have warned.
At an industrial strategy roundtable in Glasgow, investors, manufacturers and public agencies agreed that while Scotland performs strongly in spinouts and early-stage funding, the transition to scale remains the system’s weakest link.
Source: The Scotsman
Earth Blox funding tackles climate risks to business
Earth Blox, an Edinburgh-based environmental risk company, has secured new funding to help businesses understand how they are impacted by loss of nature and climate change.
PXN Ventures, which grew out of Par Equity, has led a £6m funding round with support from Scottish Enterprise, Archangels and the European Space Agency (ESA).
Source: Daily Business
Why universities are the glue uniting talent, industry and patient need
Universities have a unique role to play in accelerating health technologies out of the lab and into the hands of the clinicians and patients who really need them. But while Scotland continues to lead the way on innovation, change is urgently needed to accelerate pathways to clinical adoption.
Source: The Scotsman
Biotech spin-out secures £1.58m as bio kits sell in US
The University of Edinburgh spin-out BIOCAPTIVA has raised £1.58 million in a new funding round and launched its first product in the US.
BIOCAPTIVA’s a novel magnetic bead technology is designed to solve one of liquid biopsy’s biggest bottlenecks - preparing blood samples for cancer research and diagnostics. By improving how cell-free DNA is captured from blood, the technology aims to make liquid biopsy testing more reliable, scalable, and accessible.
Source: The Business
Female powerhouses are fuelling Scottish economy
If you want to see today where the Scottish economy is firing on all cylinders, look at your women business champions.
The number of visible, scaling female founded or co-founded businesses has surged by a staggering 81 per cent over the past year. These 139 powerhouses – including the likes of pizza disrupter Ooni, creative arts giant LS Productions, and life sciences firm Amici – now generate £1.5 billion in revenue and employ more than16,000 people.
Source: The Scotsman
SCC and FICCI sign MoU to strengthen Scotland–India business links
The Scottish Chambers of Commerce (SCC) and the Federation of Indian Chambers of Commerce & Industry (FICCI) have signed a Memorandum of Understanding (MoU) aimed at deepening economic cooperation, strengthening trade and investment relations, and enhancing business‑to‑business partnerships between Scotland and India.
Source: Scottish Financial News