Corporate Banner
Satellite Banner
Genomics
Scientific Community
 
Become a Member | Sign in
Home>News>This Article
  News
Return

BBSRC Invests £10 M in Synthetic Biology

Published: Thursday, November 07, 2013
Last Updated: Thursday, November 07, 2013
Bookmark and Share
The investment has been allocated to the fund by the BBSRC in response to the 2012 Synthetic Biology Roadmap, which sets out plans to harness opportunities in this area.

Entrepreneurial scientists in the synthetic biology space can benefit from a new £10M investment fund that opens for business today. The new fund will help companies in the early stages of their journey towards sustainability, through investment, strategic support and leveraging private capital.

The synthetic biology fund will be managed by private investment specialists Midven through its association with the long-established Rainbow Seed Fund, which provides kick-starting finance to technology start-up companies that evolve (or 'spin-out') from publicly-funded research.

Science Minister David Willetts said: "Small businesses make up 99 per cent of all businesses in this country. They are a vital driver of our economy's success, and business-led innovation in this sector will ensure that the UK remains at the forefront of the global science race. It is imperative we do all we can to ensure businesses don't just survive, but thrive."

Dr Celia Caulcott, BBSRC's Executive Director, Innovation & Skills, said: "For synthetic biology to deliver benefits to society we need to translate basic research into useful products, tools and services. It is notoriously hard for early stage companies to do this because of difficulties moving from an establishment phase towards sustainability. The first round of finance is always the hardest to find and this new fund provides a solution."

Long-term development programmes and the difficulty of raising finance conspire to hamper progress in the early stages of a company's development. This has resulted in the phrase 'Valley of Death' being a common term for the road to commercialisation. This investment aims to bridge the valley offering support to help businesses stand on their own.

Midven is perfectly placed to manage the fund; the Rainbow Seed Fund is already supported by several Research Councils and has a long and established track record of success.

Over the past decade the Rainbow Seed Fun has: leveraged over £150M of private investment from just £7M of its own investment (a ratio of over £20 for every £1 from Rainbow); supported 29 technology start-up companies (in sectors such as health, environmental services, international development, and security and defence); and bolstered the UK's exports (between 75% and 100% of sales in Rainbow Seed Fund companies are overseas and helped create employment today of 172 high value technology-related jobs).

Dr Andrew Muir, a director of Midven, said: "This is a significant move and potentially hugely beneficial for a burgeoning sector. We are excited by the UK's strength in the field of synthetic biology and believe there is potential to build world-class companies in the UK. While the Fund aims to make a financial return on investment, we are willing to take risks by investing at the earliest stages and to hold our investments longer than a typical venture fund. We are in a great position to provide capital and other assistance to grow companies that would otherwise struggle to get off of the ground. It's the experience, knowledge and strategy – as well as the investment – that affords firms the opportunity to partner with us as a route to growth."

Core partners in the Rainbow Seed Fund include BBSRC, The Defence Science and Technology Laboratory, the Natural Environment Research Council and the Science and Technology Facilities Council.


Further Information

Join For Free

Access to this exclusive content is for Technology Networks Premium members only.

Join Technology Networks Premium for free access to:

  • Exclusive articles
  • Presentations from international conferences
  • Over 3,100+ scientific posters on ePosters
  • More than 4,500+ scientific videos on LabTube
  • 35 community eNewsletters


Sign In



Forgotten your details? Click Here
If you are not a member you can join here

*Please note: By logging into TechnologyNetworks.com you agree to accept the use of cookies. To find out more about the cookies we use and how to delete them, see our privacy policy.

Related Content

Genome-Editing Position Statement
A group of leading UK research organisations has today issued an initial joint statement in support of the continued use of CRISPR-Cas9 and other genome-editing techniques in preclinical research.
Monday, September 07, 2015
Expanding the DNA Alphabet: 'Extra' DNA Base Found to be Stable in Mammals
A rare DNA base, previously thought to be a temporary modification, has been shown to be stable in mammalian DNA, suggesting that it plays a key role in cellular function.
Thursday, June 25, 2015
Researchers Use ‘Big Data’ Approach to Map the Relationships Between Human and Animal Diseases
EID2 database used to prevent and tackle disease outbreaks around the globe.
Thursday, July 17, 2014
TGAC at the Forefront of Next Generation Sequencing Capability
The Genome Analysis Centre adds two Illumina HiSeq 2500 machines to its platform suite.
Thursday, June 26, 2014
£12M for Synthetic Biology Facilities and Training
The UK Research Councils, led by the BBSRC, will award £10M to establish five centres for DNA synthesis across the UK to further develop the UK's research base in synthetic biology.
Monday, April 07, 2014
Scientists identify ‘long distance scanner’ for DNA damage
BBSRC-funded scientists at the University of Bristol have discovered that a mechanism for preventing mutation within important genes involves long distance scanning of DNA by a molecular motor protein.
Wednesday, February 26, 2014
UK Establishes Three New Synthetic Biology Research Centres
Bristol, Nottingham and a Cambridge/Norwich partnership will be UK centres for synthetic biology.
Friday, January 31, 2014
New Chromosome Map Points the Way Through Campylobacter’s Genetic Controls
The Institute of Food Research has produced a new map of the Campylobacter genome, showing the points where all of this pathogenic bacteria's genes are turned on.
Wednesday, November 13, 2013
A Community Based Approach for Tackling the Post-Genomic Data Deluge
Correspondence highlights the benefits of a community approach to gathering data that can help improve our understanding of the functions of genes.
Monday, October 14, 2013
‘X-Shape’ Not True Picture of Chromosome Structure, New Imaging Technique Reveals
First 3D pictures of chromosome structure revealed.
Friday, September 27, 2013
Moving Genes have Scientists Seeing Spots
An international team of scientists has perfected a way of watching genes move within a living plant cell.
Wednesday, September 11, 2013
Advance in Understanding Genome Reproduction
Researchers have provided new insight into how chromosome integrity is threatened each time a cell grows and divides, helping to underpin our knowledge of healthy aging.
Thursday, August 01, 2013
£60,000 Competition to Recognise Innovative Scientists Launched by BBSRC
Innovator of the Year 2014 competition launched by BBSRC to recognise and reward scientist's whose excellent science and innovations are delivering real world impact.
Friday, July 12, 2013
Babraham Scientists Establish Cancer-Focussed Collaboration with AstraZeneca
Partnership aims to advance cancer research and develop and evaluate new therapeutic strategies to tackle prostate and pancreatic cancers.
Wednesday, July 10, 2013
Pig Disease that Costs Millions Targeted by Genetic Study
A fast mutating virus that affects pig herds and costs pork producers millions of pounds each year is being targeted by scientists.
Thursday, April 11, 2013
Scientific News
Insight into Bacterial Resilience and Antibiotic Targets
Variant of CRISPR technology paired with computerized imaging reveals essential gene networks in bacteria.
Illuminating Hidden Gene Regulators
New super-resolution technique visualizes important role of short-lived enzyme clusters.
Genes That Increase Children's Risk Of Blood Infection Identified
A team led by Oxford University has identified genes that make certain children more susceptible to invasive bacterial infections by performing a large genome-wide association study in African children.
Poverty Marks a Gene, Predicting Depression
New study of high-risk teens reveals a biological pathway for depression.
World’s Largest Coral Gene Database
‘Genetic toolkit’ will help shed light on which species survive climate change.
Early Genetic Changes in Premalignant Colorectal Tissue Identified
Findings point to drivers of early cancer development, targets for cancer prevention therapies.
Scientists Find Evidence That Cancer Can Arise Changes
Researchers at Rockefeller University have found a mutation that affects the proteins that package DNA without changing the DNA itself can cause a rare form of cancer.
Modified Microalgae Converts Sunlight into Valuable Medicine
A special type of microalgae can soon produce valuable chemicals such as cancer treatment drugs and much more just by harnessing energy from the sun.
Breakthrough Approach to Breast Cancer Treatment
Scripps scientists have designed a drug candidate that decreases growth of breast cancer cells.
Loss Of Y Chromosome Increases Risk Of Alzheimer’s
Men with blood cells that do not carry the Y chromosome are at greater risk of being diagnosed with Alzheimer’s disease. This is in addition to an increased risk of death from other causes, including many cancers. These new findings by researchers at Uppsala University could lead to a simple test to identify those at risk of developing Alzheimer’s disease.
Skyscraper Banner

SELECTBIO Market Reports
Go to LabTube
Go to eposters
 
Access to the latest scientific news
Exclusive articles
Upload and share your posters on ePosters
Latest presentations and webinars
View a library of 1,800+ scientific and medical posters
3,100+ scientific and medical posters
A library of 2,500+ scientific videos on LabTube
4,500+ scientific videos
Close
Premium CrownJOIN TECHNOLOGY NETWORKS PREMIUM FOR FREE!