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Multi-million pound boost for North East company creation

Multi-million pound boost for North East company creation
indiaeducationdiary.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiaeducationdiary.in Daily Mail and Mail on Sunday newspapers.

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Newcastle University: Multi-million pound boost for North East company creation

Newcastle University: Multi-million pound boost for North East company creation
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North East accelerator gets backing to commercialise university research

North East accelerator gets backing to commercialise university research
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Northern Accelerator invests £500k into health and biotech spin-outs


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The business boosting fund, managed by Northstar Ventures, has completed its first two investments which, as part of a wider funding round with other investors, saw two spinouts raise a total of £1,850,000. The fund was officially launched earlier this year to make substantial investments into spin-out businesses with high growth potential, and to attract investors from outside the North East. 
One of the first businesses to receive investment was AMLo Biosciences, a Newcastle University spin-out developing diagnostics for early-stage skin cancer. The company received a total investment of £1.5 million, £400,000 of which came directly from the Seed Investment Fund. They will use the cash boost to enable a market launch in the UK and prepare for international expansion with the commercialisation of their new melanoma test AMBLor in the USA and Australia in 2021. ....

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