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BizzInn partners with PwC to launch programme for innovative Midlands start-ups that are ready to scale

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PwC and BizzInn are launching SCALE: Midlands, a 12 week programme for start-ups that are ready to scale.

SCALE: Midlands will bridge the gap between the corporate and start-up ecosystem, offering an unparalleled mix of executive education, lead generation and sales opportunities, expert masterclasses, and connection to large corporates that are often out of reach for start-up companies.

The programme includes:
• Weekly masterclasses from PwC experts covering topics such as alliance partnerships, R&D tax credits, access to finance and tax-efficient investment schemes, management incentives, deals and IPO readiness
• A private event to connect with senior executives from corporates that are seeking collaboration with agile, scaling companies
• Coaching to help you deliver the perfect investor pitch
• An investment parlour, where companies are matched to VCs and investors who are actively looking for sector-specific investment opportunities
• A pitching event that where companies can showcase to 150 investors, mentors, sponsors, and senior PwC partners.

SCALE: Midlands is open to companies that are:
• Selling innovative products and services that have the potential to significantly disrupt how business customers operate
• Generating revenue or have previously raised seed capital
• Passionate about scaling their business.

Applications are now open for the programme, which starts in October. Interested parties should go to www.pwc.co.uk/scaleprogrammes

Indian biotech leaders visit Birmingham for life science facilities briefing

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Friday, 8 September 2017: A delegation of Indian biotech company leaders visited the University of Birmingham yesterday to see the life sciences cluster, where the University’s world-leading research is translated into new medical therapies.
The delegation travelled to Birmingham as part of bioConclave 2017 – an annual gathering of Indian life science business leaders, who come to the UK to explore investment and partnership opportunities.
Birmingham’s life science ecosystem combines basic research and translational facilities in a single site, and is rapidly becoming a major site for health research investment.
The visitors were welcomed by Indian Consul General Dr Aman Puri, West Midlands Mayor Andy Street, and Dr James Wilkie, CEO, University of Birmingham Enterprise, which runs business incubation and commercialisation services for the University.
They toured the University’s Institute of Translational Medicine, the biobank, the gene and cell therapy manufacturing facility, the Queen Elizabeth Hospital, the School of Dentistry and the BioHub and BizzInn incubation facilities.
Professor Robin Mason, Pro-Vice Chancellor (International), said: “Birmingham is one of the UK’s most important sites for life sciences – characterised by strong partnerships that link academic excellence with innovation in addressing the health care requirements of a diverse regional population of five million people.
“The University’s engagement in India is extensive, dating back to 1909 when we welcomed our first students from India to our Edgbaston campus. For both these reasons, we are very pleased to be hosting this delegation visit as part of bioConclave 2017.”
Dr James Wilkie said: “Birmingham has a long established ecosystem that accelerates innovations in medicine. Our clinical-academic partnerships support all stages of the journey from bench studies to clinical trials and post-marketing surveillance studies.
“Our resources, such as the Birmingham BioHub, the UK’s first dedicated shared facility for early stage life science companies, are co-located in close proximity to the University of Birmingham and two of the largest Hospitals in the country – this speeds up the translation of research, enables more rapid assessment, and quicker adoption of medical technologies.”
This year’s bioConclave saw the main one-day conference programme held in London, before delegates travelled to Birmingham to learn more about the University’s research and incubation facilities and opportunities in the city.
Dr Aman Puri, Consul General of India, said: “I am delighted to attend bioConclave 2017. Collectively, we should explore opportunities for greater collaboration between British institutes of excellence such as Birmingham BioHub and India’s Genome Valley, where six out of 10 world leaders in biotech R&D already have a presence.
“Britain is a global innovation hub, and must increase its footprint in India – an economy which is the fastest growing large economy of the world. The pharma market is projected to grow to US$ 55 billion by 2020 making it the sixth largest market in the world and the biotechnology market is likely to grow to US$ 100 billion by 2025.
India remains one of the largest foreign investors into the UK, with biotech, pharma and life sciences investments creating or safeguarding 7,049 jobs in the UK, according to the latest figures from the Department for International Trade.

Amrit Chandan named winner of the 2017 Hawley Award for power storage solutions

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The Engineers Trust has announced the winner of its 2017 Hawley Award for Engineering Innovation that benefits the Environment. Dr. Amrit Chandan has been awarded the £5,000 cash prize for the work undertaken in ACELERON on Project NuCYCLE.
Amrit’s work hopes to solve the problem of energy storage in developing countries through recycling used lithium ion batteries found in electric cars and laptops, enabling them to be reused. In countries where energy storage is problematic, power is mainly generated from oil or solar panels, but appliances are often run using lead acid batteries that are inefficient and expensive to import. As well as providing a reliable source of power for schools and hospitals, reusing lithium ion batteries will also benefit the environment. Currently, these batteries are not widely recycled and are classed as hazardous materials, meaning companies often store used batteries because they have no safe way to dispose of them. Proof of concept was achieved earlier this year in a trial with over 1,000 recycled batteries.
Amrit was inspired to start his business ACELERON with Co-Founder Carlton Cummins whilst working from the University of Birmingham’s Bizzinn incubation space, being mentored by Dr. James Wilkie, Director of Enterprise & Innovation at the University of Birmingham and taking advantage of the mentoring other business support on offer. ACELERON’s work will be wide ranging – the company is already supplying an e-bike manufacturing company with batteries for their e-bikes, which are currently being ridden by end-users in London.
From a shortlist of innovative submissions for this year’s award, the panel of experienced senior engineer Liverymen were impressed by Amrit’s innovation and his work’s potential for significant environmental impact. He was presented with his award at the Worshipful Company of Engineers’ Annual Awards Dinner by Her Royal Highness Princess Anne, held at the Royal College of Surgeons in London, on 18 July 2017.
Amrit said: “The potential impact this could have on the world is really big. That’s what excites me about this idea – I want to make a positive change to the planet and to people’s lives. I am delighted that my work has been recognised by such a prestigious engineering institution.”
David Cooper, Co-ordinator of the Hawley Award for the Engineers Trust (the charitable arm of the Worshipful Company of Engineers), said “we were particularly impressed by the positive potential that this product has towards the environment as well as community with its ability in remote and third world environments. We were also impressed with the outcome of the concept testing.”
Dr James Wilkie, Director of Enterprise & Innovation at the University of Birmingham said: “Amrit is one of the outstanding entrepreneurs who have emerged from the University of Birmingham recently. Like many serial innovators, he engaged at an early stage with entrepreneurship training, and also made the most of the mentoring available at the University and our business incubator. We are grateful to the Hawley Award, the Engineers Livery Company and the Engineers Trust for making this award.”
The campaign to find the 2018 Hawley Award winner will launch in September 2017.

Birmingham entrepreneurs launch remote heart health screening service

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Birmingham entrepreneurs Abdullah Sabyah and Floriane Rousse-Marquet are launching a remote heart health screening service through their company Rightangled Diagnostics.

The unique screening service provided by Rightangled was developed and tested at the BioHub Birmingham®, the University of Birmingham’s bioincubator facility for high growth life science start-up companies.

It is the first product to emerge from the innovation incubator, which was opened at the Birmingham Research Park in 2015. The University set up the facility as a launch-pad for entrepreneurs to make their project in the sciences real.

Rightangled’s Heart DNA screening service aims to remove the constraints around accessing qualified specialists by linking patients, heart specialists and genetic screening in a remote, online service.

A report is provided by the cardiologist who reviews the results of the screen together with a questionnaire asking about lifestyle and family history – which is often the spur for concern about heart health.

This report is not intended to replace a personal consultation with a doctor, and people whose screen shows up areas of concern are advised to take the report to their own doctor, where the report could be used to inform decisions on treatment and lifestyle changes.

Abdullah Sabyah, who founded the company with Floriane Rousse-Marquet, said: “Often people know that there is a family history of heart problems, and this drives a very real concern about unidentified hereditary risk factors, which play a large part in determining your heart health. It is important to realise that these measures, if taken in advance, can reduce these risks in most cases to near-normal.”

The service delivers a personalised report based on a cardiologist’s assessment of a lifestyle questionnaire and a screen of 96 genetic markers which can help uncover how an individual’s DNA is impacting heart health and how their genetics may alter their body’s response to certain diets, nutrients and medications.

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For further editorial information, or an interview, contact:
Ruth Ashton, [email protected], tel: 0121 414 9090

Notes for editors
How the test was developed
The two entrepreneurs worked with the incubator services provided by the University of Birmingham. They did six months of early research at the BioHub Birmingham®, a bioincubator facility at the Birmingham Research Park, and also used the business incubation services at the BizzInn, which provides business coaching for young enterprises.

The services provided at the BioHub, and the assistance provided by the BizzInn, enabled the pair to developed their original concept to one that would link together genetic screening, lifestyle advice and a remote consultation with a medical specialist.

How the Heart DNA screening service works
• A kit is ordered online, and delivered by post.
• The recipient then registers online, fills in a family history and lifestyle questionnaire, and posts a sample of saliva in the sample tube provided in the kit.
• The sample is analysed in a laboratory where DNA is extracted to generate the unique cardiac genetic profile.
• The genetic profile and the lifestyle questionnaire are assessed by the cardiologist, who provides a written report highlighting any areas of concern.
• The report is made available in a secure online portal. It can be downloaded, or printed out for the individual to take with them to their next doctor’s appointment.

The screening kit can be ordered online at www.heartdnatest.com.

About the BioHub Birmingham®
The BioHub Birmingham® was opened in 2015 to provide bioincubator space for young life science companies. It is based in the Birmingham Research Park. Residents at the BioHub Birmingham can also use the coaching available at the BizzInn, which provides tailored business support for entrepreneurs and small businesses.

The University of Birmingham is ranked amongst the world’s top 100 institutions, its work brings people from across the world to Birmingham, including researchers and teachers and more than 5,000 international students from over 150 countries.

The Biohub welcomes new Deputy Laboratory Manager

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Dr Claire Miller has joined the BioHub as Deputy Laboratory Manager after working for over 10 years in research laboratories.

After gaining a PhD in bacterial genetics from the University of Leicester, Claire went on to work as the principle researcher for translational projects requiring technical expertise in molecular genetics and microbiology both in Leicester and at the University of Birmingham.

Claire has experience of working with companies of all sizes, most recently as work package lead for major collaborative ventures with GlaxoSmithKline. She brings extensive experience of laboratory and personnel management and is keen to support our tenants as they accelerate their ideas into successful businesses.

Team receiving award on stage.

Entrepreneurs to pitch for £3.95m investment & cash prizes

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A unique pitching competition, where entrepreneurs have the opportunity to increase their profile in front of a national audience of investors, has announced its finalists. The finalists and their business ideas will compete to win the Best Pitch Award, potential future investment and £2,000 in cash prizes at Pitchfest WM 2017.

This year Aceleron, Advanced Epi, Essentially Yours, Limitless Travel, OmAwake, Overground, Snaptivity, solv.ai, Zento, will meet in the Pitchfest final being hosted at Venturefest West Midlands on June 27 at the NEC, Birmingham.

Competitors will be presenting their pitches during heats and ultimately a final, judged by twelve leading national investors across the day. Panelists include CEO of the UK Business Angel Association, Jenny Tooth, who has 20 years’ experience of facilitating SMEs access to investment, and Director, Investments at British Business Bank, Robert Cawdron who will be judging the Best Pitch 2017 winner.

Jointly organised by Aston University, the University of Birmingham and the University of Warwick, in association with Venturefest West Midlands, a series of workshops and investor selection panels were held over three months to help businesses develop their pitch before the Pitchfest final.

The final will take place during Venturefest West Midlands; a free, one-day event aimed at supporting business growth through innovation. It will bring together up to 1,000 entrepreneurs, innovators and investors with specific innovation expertise. The event will also see over 30 companies exhibiting to showcase the support and services on offer in the region for new and growing businesses. Alongside them will also be over 25 high growth, high innovation exhibiting companies.

2016 finalist, Karl Drage, CEO of Smart Renewable Heat – a leading designer and installer of turn-key, energy efficient renewable heat systems – had a huge influx of investment after taking part in the competition. “The Pitchfest experience was useful and enjoyable. The process helped me sharpen my pitch, and prepared me for many similar pitches to investors.”

“We did get interest from potential investors. We did a lot of work towards our funding round, so it wasn’t the only contributing factor, but it certainly helped. Pitchfest helped towards our successful funding round of £150,000 SEIS funding. It also introduced us to Climate-KIC, with who we went on to win £20,000 in a regional competition, and also the Goldman Sachs 10,000 Small Businesses growth programme, which we have just completed.”

David Coleman, head of enterprise acceleration at the University of Birmingham works directly with small businesses in the region. He added: “Although the West Midlands is a hotbed of entrepreneurial activity, the lion’s share of investment still goes to London and the South East. The Pitchfest platform is a great tool for redressing that balance. By bringing investors directly into our selection process, we are enabling companies to both improve their investment prospects, and to network with potential funding sources.

Pitchfest has been sponsored this year by Innovation Birmingham, Warwick Science Park, Birmingham Research Park and international law firm Gowling WLG.

David Brennan, co-head of the technology team at Gowling WLG, said: “It’s great to be part of an event which brings a national audience of investors to the West Midlands, whilst supporting pioneering start-ups from across various sectors. This is an exciting opportunity to showcase the brimming talent across the region and strengthen the economic position of the area. I look forward to seeing ideas that can work on a global level, putting the UK – particularly the West Midlands – on the map as an innovation hub.”

Visit – www.venturefestwm.co.uk – to book your free place at Venturefest West Midlands to see this year’s finalists in action.

R&D tax relief seminar

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90% of UK technology companies are not aware of R&D Tax Relief – and could be missing out on saving 26% of development costs.

On 30th June, R&D Tax Solutions are running a seminar at the Birmingham Research Park showing business owners how to finance innovative projects using this relief.

A tax expert and an industry specialist will present examples of qualifying business activities, industry examples, and information the HMRC require in support of a claim.

A limited number of free places are available for this seminar.

To book a seat go to:  https://www.eventbrite.co.uk/e/rd-tax-relief-for-innovative-businesses-tickets-34664911684

The seminar runs from 10.45am-12.45pm.

Birmingham Research Park,
Vincent Drive,
Birmingham,
B15 2SQ

Rainbow Seed Fund & University of Birmingham Back Promising Technology Spinout Linear Diagnostics

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Spinout developing novel hand-held reader to help in the fight against antibiotic resistance

Birmingham, UK (PRWEB UK) 24 May 2017Rainbow Seed Fund, an early-stage venture capital fund focused on building technology companies from the UK’s research base, announced today an investment into University of Birmingham spinout Linear Diagnostics. The investment was match-funded with an award from the University of Birmingham’s Spinout Investment fund and the company received a total investment of £300,000.

The investment will enable Linear Diagnostics to develop its platform technology into a handheld device that can rapidly detect the presence of bacterial infection and simultaneously identify the risk of resistance to the most commonly prescribed antibiotics, without the need for laboratory facilities. The device will provide a readout within minutes of sampling.

 

The technology is based on a novel application of a technique called linear dichroism, which uses polarized light to measure the alignment of detector molecules.

Linear dichroism has a number of advantages over current techniques: it can identify several different target types (bacteria, proteins, genes) in the same test, and provide a quantitative reading for each, from the same test sample.

The first application to be developed will be a device for the detection of Urinary Tract Infections (UTIs) and it is envisaged that the device will be used in both primary and secondary care where it will help restrict inappropriate prescriptions and contribute to the fight against antimicrobial resistance (AMR).

 

Oliver Sexton, Investment Director for the Rainbow Seed Fund said: “Antimicrobial resistance is a global health concern, and there is a clear need for new strategies to tackle it. Rapid diagnosis can both curtail the ineffective antibiotic prescribing that fuels antimicrobial resistance, and identify the appropriate course of treatment for the individual patient.”

 

Although the technology will initially be developed for the medical sector, it can be used to address markets in the agri-food, veterinary and defence settings.

Dr James Wilkie, Director of Enterprise & Innovation at the University of Birmingham, said: “We have been impressed by the flexibility of the technology. In particular, the test is both qualitative and quantitative, which significantly increases the scope of its potential applications.”

 

Dr Matt Hicks, Chief Technology Officer and founder of Linear Diagnostics said: “The investment comes at a crucial inflexion point for the company. We have achieved proof of concept, and now have partnerships in place that will steer rapid development in an area of high unmet need, which also has a high volume of tests.”

 

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About Linear Diagnostics  Linear Diagnostics was formed in 2011 to commercialise a patented technology developed at the University of Birmingham. The company was established as a joint venture between founders Professor Tim Dafforn and Dr Matt Hicks, Abingdon Health Ltd, and the University of Birmingham. The company is based at the BioHub Birmingham®, a purpose-built incubator facility in the Edgbaston Medical Quarter. For further company information please contact Dr Matt Hicks, Chief Technology Officer at [email protected]

 

About Rainbow Seed Fund  The Rainbow Seed Fund is an early-stage venture capital fund dedicated to kick-starting technology companies from great science emerging from the National Research & Innovation Campuses. The Fund is backed by nine UK publicly-funded research organisations including STFC, BBSRC, Dstl and NERC and the Department of Business, Energy & Industrial Strategy (BEIS). The Fund, whose portfolio comprises more than 30 companies, holds investments in some of the UK’s most innovative early-stage companies, underpinning the Government’s Industrial Strategy. The Fund invests, validates and mentors companies. It has successfully leveraged from the private sector more than 20 times its own investment and created more than 550 high-value technology jobs.

 

In 2013, Rainbow received an additional £10m investment to support the commercialisation of synthetic biology technologies, a cutting-edge discipline named by UK Government as one of “Eight Great Technologies” that support UK science strengths and business capabilities and in which Britain could be a world leader.

The Rainbow Seed Fund is managed by Midven, an established venture capital firm with a successful track record of investing in small and medium-sized enterprises. For more information, please visit http://www.rainbowseedfund.com.

For further media information please contact:

Ruth Ashton
University of Birmingham
E: [email protected]
T: 0121 414 9090

University of Birmingham pitches in with ambitious, high-growth companies

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PRESS RELEASE

University of Birmingham pitches in with ambitious, high-growth companies

Pitchfest winners to share £2,000 of cash prizes

Applications are now open for Pitchfest 2017, the unique annual pitching competition that gives ambitious West Midlands companies the opportunity to raise their profile with national investors.

Pitchfest takes entrepreneurs through their paces in a series of free pitching workshops, where experienced business advisors help companies become “investment ready”. Selection panels involving investors then determine which pitches should be shortlisted for the final rounds at Venturefest West Midlands on June 27th.

In addition to free training, this year’s heat winners will share in £1,000 of cash prizes sponsored by each of the Birmingham Research Park, Warwick Science Park, and Innovation Birmingham. The audience will then vote for their favourite out of those winners – the recipient then winning a further £1,000 cash prize sponsored by international law firm Gowling WLG.

Participation in the event is free of charge, and interested companies are urged to enter as soon as possible, so they can take advantage of the remaining pitching workshops hosted at the University’s BizzInn business incubator and Aston’s Centre for Growth in May.

David Coleman, Head of Enterprise Acceleration at the University of Birmingham commented: “The West Midlands is a base for some fabulous businesses. However, positioning your company to attract investment can be quite daunting for some, particularly if you are talking to investors for the first time.  Pitchfest is a great way of getting exposure to investors, and obtaining really constructive feedback that can help your business in all kinds of ways. ”

Pitchfest is jointly organised by Aston University, the University of Birmingham and the University of Warwick, in association with Venturefest West Midlands.

Interested companies can register at www.venturefestwm.co.uk/pitchfest or contact the Incubation Manager at the BizzInn via [email protected] for further details.

  • Ends –

About the BizzInn

The BizzInn is a business incubator providing free training and support from business advisors, 24/7 office space with WiFi, hot-desks, meeting rooms, printing, free parking and subsidized refreshments..  BizzInn members also benefit from the Entrepreneurs in Residence who provide bespoke business mentoring with the aim of refining business models for early stage ventures.    For more information see www.bizzinn.org.

 

The BizzInn is supported by the Birmingham Knowledge Economy Business Incubation Partnership (BKEBIP) project which receives up to £1m of funding from the England European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020.

 

For media information contact:

Ruth Ashton,
University of Birmingham Enterprise & Innovation
E: [email protected], T: 0121 414 9090

Aceleron gets ready to accelerate

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25 April 2017: Carlton Cummins, co-founder of Aceleron, a cleantech start-up supported by the University of Birmingham’s BizzInn business incubator, has won the Shell LiveWIRE Young Entrepreneur of the Year.

The last few months have seen a snowballing of interest in Aceleron, which repurposes lithium-ion batteries from electric cars for re-use as battery power in developing countries that are in need of cheap, rechargeable energy storage.

Until recently, the company was testing its business model using batteries supplied by battery and laptop recycling companies in the Midlands. It is now making plans for a supply chain that will service demand from Central and South America for its repurposed battery packs, which will enable people in those countries to store the energy generated by solar panels, for re-use in the evening and overnight.

Dr Amrit Chandan commented: “The mass availability of cheap solar panels has enabled domestic customers in the developing world to generate their own electricity, without the need for supply from the grid.  The irony is that while there is typically enough sunlight to generate this electricity, the cost of storage solutions is prohibitive for many of these people.”

The company will meet this need, and also reduce the amount of lithium-ion battery waste exported by the UK, which currently stands at over 1,000 tonnes a year.

Aceleron, which is also participating in Pitchfest West Midlands 2017, has benefited from the support of BizzInn business incubator staff at the University of Birmingham. David Coleman, Head of Enterprise Acceleration at the BizzInn incubator commented:  “Birmingham attracts a number of really innovative and entrepreneurial people, like Carlton and Amrit.  With the right support behind them, such as that provided by BizzInn and Pitchfest, these individuals can go on to transform their ideas into really impactful high-growth businesses.”

PitchFest West Midlands 2017, which is run collaboratively between the BizzInn team at the University of Birmingham, together with Aston and Warwick Universities, has now been launched. Interested companies can register here  or contact Andrew Cruxton for further details on [email protected].