South West News #11
Our South West tech news round-up aims to give you an insight into the latest tech news specifically in the South West. If you enjoy this, make sure to sign up to our email list to receive updates on more content like this!
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CytoSeek raises £3.5m led by Science Creates Ventures
University of Bristol spin-out CytoSeek has raised a £3.5 million seed round to develop new cell therapies to treat solid tumors in cancer patients. The funding is led by Science Creates Ventures, Bristol’s new deep tech EIS fund for science and engineering start-ups, and is the firm’s first investment since announcing its venture capital fund last December.
Solid tumours account for the majority of deaths from cancer and are notoriously difficult to treat, even with existing immune cell therapies, because the tumour suppresses immune cells’ ability to kill cancer cells. CytoSeek’s technology is designed to not only help target the immune cells to the solid tumour but also to improve their cancer cell killing ability.
Source: TechSPARK 2021
South West companies to share success stories and offer support at government innovation event
Entrepreneurs and policymakers will gather to discuss how businesses in the South West can help the country recover from the economic impact of the pandemic at a two-day event held by the government’s innovation agency. Innovate UK will host an online series of seminars this week titles ‘Business Innovation and Cyber Futures’.
The free virtual conference will allow for discussion of opportunities and initiatives for the future of cyber, as well as support for innovative small and medium-sized enterprises in the region, regardless of sector.
The event will showcase the success of companies in Gloucestershire, Swindon, Wiltshire and the wider region which have previously been supported by Innovate UK funding.
Source: Business Live 2021
Entrepreneurs join forces for seed funding venture
A group of successful entrepreneurs from the Bristol area have set up a mechanism to provide seed-funding for early-stage start-up businesses in the South West. It is a new venture for Bristol Private Equity Club (BPEC), which previously only invested in established enterprises with growth potential. BPEC Seed is sourcing the businesses to fund through established links with organization’s such as SetSquared, TechSpark and Tech South West, with about 20 per cent of BPEC members looking at supporting start-ups.
Heading up BPEC Seed is Peter Lockett, active BPEC member since 2018, supported by colleagues Ben Cooper and Sam Simpson. All three have had extensive experience and success with their own early-stage companies and are active business angels in the South West.
Source: Insider Media 2021
Living Map secures £750k from Innovate UK
Bath- based company Living Map, which is enabling people to user their mobile phones to guide them through airports, hospitals and other indoor spaces, has secured a £750,000 loan to help fast track its development. Living Map’s new software overcomes the challenge of using digital maps inside large buildings, underground areas or other locations where GPS signals cannot reach.
The technology has already been successfully deployed by Singapore Airlines to guide passengers through Heathrow Airport to make flight connections. It will soon be rolled out to other airports and airlines as part of its recently announced partnership with airline consortium Star Alliance.
Source: TechSPARK 2021