ONE Life Science Chair Deborah O’Neil has pointed to the success of north east life science founders at Scottish EDGE round 26 as a sign of the growing significance of the cluster in the north east.
Five companies from the north east received awards from Scottish Edge, the UK’s largest funding competition for high-growth businesses:
Brigid Bio – Future EDGE – £150,000 – Aberdeen – Brigid Bio is a biotech spinout pioneering novel antifungal therapies to treat life-threatening, drug-resistant fungal infections.
mycoBiologics Ltd – Scottish EDGE – £85,000 – Aberdeen – mycoBiologics develops novel biologics for systemic fungal infections using its proprietary FungoBiologic platform.
CAnswer BioSolutions Limited – Young EDGE – £15,000 – Aberdeen – CAnswer BioSolutions Limited develops liquid-biopsy diagnostics that make cancer detection faster and more accessible beyond hospital settings.
Formartine Bio Ltd. – Wild Card – £10,000 – Auchnagatt – Formartine Bio harnesses next-generation antisense technology to leverage the power of glycans for accurate and personalised healthcare.
ZygoteLink Ltd – Wild Card – £10,000 – Aberdeen – ZygoteLink uses advanced genomic analytics to improve cattle breeding through accurate sire selection, trait prediction, and enhanced herd sustainability.
Commenting, Dr Deborah O’Neil OBE FRSE said:
“This is fantastic news for the founders, but also the region. They are all great ambassadors for the north east, showing that life science innovation is flourishing here.
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“Against a backdrop of some difficult energy sector headlines for the local economy recently, I hope that all businesses here in the north east will celebrate this success.
“I hope those outside the region also look closely at what is happening here.
“Life sciences is a vibrant and growing sector in the north east. Founders benefit from critical business support like mentoring peer support, access to funding and of course, ONE BioHub, the launchpad for start-ups and high potential life science companies looking to rapidly scale and grow.”
