AberInnovation's Bioaccelerate programme awards £60,000 to start-up PCR business to accelerate business development

A start-up business which can produce and carry out PCR tests at a fraction of the current cost has won £60,000 of funding through the BioAccelerate programme.

The programme, delivered by AberInnovation and funded by the UK Government’s Community Renewal Fund is open to Wales-based entrepreneurs operating in the food, circular economy and bio-tech sectors. The 2022 programme culminated in June when five finalists pitched for £50,000, on top of the £10,000 which each business had been awarded when they entered the second phase of the programme in March.

The winning business, AMPED PCR, has developed a new reagent which is enabling a reduction in cost of PCR testing, compared to what is available from the established providers.