News
Axol Bioscience to expand in Edinburgh after $2.8m funding deal
Axol Bioscience has secured $2.8 million (around £2.1 million) in funding, part of which will be used to expand its operations in Edinburgh.
The investment was led by US life sciences specialist BroadOak Capital Partners, with the company’s founding investor, the Roslin Foundation, also participating.
Source: Scottish Financial News
$14.9m award supports data-driven livestock development
A $14.9 million grant will strengthen work on livestock data insights by SEBI-Livestock, hosted at the Royal (Dick) School of Veterinary Studies.
The five-year Evidence into Action (EnAct) grant from the Gates Foundation will enhance the work of the SEBI-Livestock team, which has collaborated with the Gates Foundation to monitor the impact of the foundation’s livestock investments for almost a decade.
Multi-million dollar funding round accelerates mission to improve global veterinary diagnostics
Pioneering molecular diagnostics company MI:RNA, which uses biomarkers and advanced modelling to diagnose veterinary disease earlier, has reached a growth milestone with the completion of an oversubscribed funding round.
Source: Scottish Business News
£125,000 Microfinance Fund launched to boost Scotland’s academic innovation pipeline
The Scottish Government and Converge have today joined forces to launch a new £125,000 Microfinance Fund aimed at accelerating Scotland’s pipeline of academic start-ups.
Designed to help students, graduates and university staff take that all important first step towards starting a business, the new initiative will allocate £5,000 to each of Scotland’s 19 universities with grants distributed through university channels.
Converge 2025: Awards, Record Funding and New Partnership
Converge has announced the recipients of its 2025 awards, from life-saving food safety technology to breakthrough medical devices, with 22 prizes sharing a total prize pot in excess of £400,000.
This year’s cohort celebrates another exceptional year of university-led innovation, demonstrating Scotland’s position at the forefront of global entrepreneurship and research commercialisation.
Scots University Projects Receive Gov Funding to Go Commercial
The Scottish government is awarding projects across ten Scottish universities with the £2.95m Proof of Concept Fund to support harnessing their ground-breaking academic ideas for commercial use.
Source: DIGIT
Edinburgh spin-out SeaWarm secures funding
University of Edinburgh spin-out SeaWarm has secured £550,000 to roll out its renewable heating system across Scottish communities.
The investment includes £250,000 from angel investment syndicate Equity Gap, £250,000 from development agency Scottish Enterprise and £50,000 from University of Edinburgh in-house venture fund Old College Capital.
Source: Business Insider
Supporting business growth in Midlothian
Midlothian Science Zone Business Forum took place on Tuesday 6th May led by Robbie Broomfield, Business Growth Advisor for Business Gateway Midlothian, who provided an overview of key business support mechanisms available in Scotland through Business Gateway and the broader enterprise agency landscape.
£326k given to insect protein research
Innovate UK has awarded £326,610 to help the UK insect sector address regulatory barriers.
This IBC-Net project, led by UK Agri-Tech Centre Ltd, will overcome regulatory hurdles in insect bioconversion, the process of using insects to break down organic waste into protein for animal feed, oils or fertiliser.
Scottish universities awarded £2m to ‘shape the future of science’
Five Scottish projects have been awarded more than £2m to tackle some of the most pressing health and environmental challenges.
Researchers based at the University of Edinburgh and the University of Glasgow have secured part of a £9m government fund for their projects which are poised “to push the boundaries of knowledge”.
Source: Holyrood