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Thursday, January 26 2012. UK based BACTEST Ltd. today announced that it had closed a £900k funding round led by the Low Carbon Innovation Fund (LCIF), managed by Turquoise International, which invested £300k in BACTEST.
Bactest has created a wholly owned subsidiary to exploit its proprietory platform CYTOMAIA in the Human Health Sector. The new company GEMINI Diagnostics Ltd will focus on human clinical applications of CYTOMAIA.
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Technology Strategy Board
The Technology Strategy Board is the UK’s national innovation agency.
TSB's role is to stimulate technology-enabled innovation in the areas which offer the greatest scope for boosting UK growth and productivity. They promote, support and invest in technology research, development and commercialisation. They spread knowledge, bringing people together to solve problems or make new advances.
TSB advise Government on how to remove barriers to innovation and accelerate the exploitation of new technologies. And they work in areas where there is a clear potential business benefit, helping today's emerging technologies become the growth sectors of tomorrow.
East of England Development Agency
The East of England Development Agency (EEDA) is the driving force behind sustainable economic growth and regeneration in the East of England. The task is to improve the region's economic performance and ensure the East of England remains one of the UK's top performing regions.
EEDA have been supportive of Bactest and development of the technology platform throughout the companies growth. A founder of Bactest, Derek Price regularly contributed to EEDA Strategy meetings supporting growth of Biotechnology and Healthcare related indutries in the Eastern Region.
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