Projects and Funding update

It has been an optimistic quarter for the Projects team. The arrival of Spring has coincided with the restart of in person project meetings. We feel that both the academic and industrial partners on our projects get a huge amount from being able to visit each other’s facilities, and we hope to combine lab visits with a blend of Zoom meetings on our projects going forward.

Interest has been mounting in our Facilities Access Fund. The funding is exclusively for IBioIC member companies that wish to use some of Scotland’s high tech specialist facilities. This might be to sequence a new production strain, analyse the chemistry of some biomass or produce high quality microscopy images of your product.

We closed the April 2022 round of Feasibility funding with a record number of applications – a fantastic sign for the future of biotech innovation! We look forward to this diverse group of projects getting started later in the year.

Looking forward to the rest of the year, we are pleased to announce that the ever popular Innovation Fund will return. This funding stream provides up to £100k to academia to work on larger, pilot scale projects with industry. These projects should be looking to move their innovations towards market reality or for refining products and processes that are already on the market.

We are also looking at new ways to support University spin outs, so if you would like to provide input on how we do this then please get in touch.

The projects team are contactable any time on projects@ibioic.com