Fluidic Analytics Receives £250k (US$384k) Funding Award

June 08, 2015

Fluidic Analytics today announced the receipt of a £250k (US$384k) Development of Prototype Award from the Smart scheme administered by Innovate UK.
Fluidic Analytics is a spin-out from the University of Cambridge that is developing products based on a disruptive technology for protein characterisation. Proteins are the direct, real-time indicators of the state of a biological system. While DNA gives information about how people and organisms will develop over their entire lifetimes, proteins give information about how they are actually developing at a specific point in time. Real-time information is crucial in helping scientists and healthcare providers diagnose diseases, develop treatments and identify the right time to apply treatments.
This award will support development of a working pre-production prototype of Fluidic Analytics’ flagship product for laboratory applications, the Flow Mk-1. The Flow Mk-1 is a research tool that will enable high-sensitivity measurement – in seconds – of the size and concentration of proteins in their natural state using samples as small as one microlitre (roughly 1/50 the volume of a grain of rice).
This Development of Prototype Award follows on from the £100k Smart Proof of Concept Award which Fluidic Analytics received one year ago. Dr Andrew Lynn, CEO of Fluidic Analytics, said “This second award from Innovate UK will enable us to further accelerate development of the Flow Mk-1 and bring us closer to launching the first of our cutting-edge products for the research market. We are extremely grateful to Innovate UK for its support.”
Full Article