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Read the latest from the Rainbow Seed Fund
23 June 2008: the Rainbow
Seed Fund has been awarded a £1.5m share of the UK Government’s Public Sector
Research Exploitation (PSRE) fund. This award will support the very early
stages of business formation from ideas emerging out of scientific
breakthroughs and research. The successful bid was announced today by Science and Innovation Minister, Ian Pearson,
at a stakeholder event at the Natural History Museum in London.
Download press release.
9 June 2008: Procarta Biosystems, the company spun-out of the John
Innes Centre in 2007 to develop a technology designed to defeat
antibiotic-resistant superbugs, has received significant seed funding from the Rainbow Seed Fund and coinvestors. The funding will allow Procarta to further develop its DNA decoy
technique, which aims to restore antibiotic efficacy against resistant
superbugs, such as methicillin-resistant Staphylococcus
aureus (MRSA) and vancomycin-resistant Enterococcus
(VRE). Download press release.
14th April 2008: P2i Ltd attracts investment from Unilever Ventures , the revolutionary super-hydrophobic treatment. The additional funding
will allow P2i to accelerate the introduction of its ground-breaking
ion-mask™ technology across its chosen market segments and expand its
operations to maximise market penetration.
January 2008: Welwyn, UK … Rainbow portfolio company Novacta Biosystems, a UK-based anti-infective therapeutics company, announces that the Wellcome Trust, the UK’s largest medical research charity, has awarded it £3.5 million as part of the Trust’s Strategic Translational Award programme. Novacta will use the award to progress development of a drug which, it is hoped, will help combat hospital-based Clostridium difficile (C.difficile) infections.
January 2008: Microbial Solutions has raised £1.2 million to
commercialise its innovative wastewater treatment technology, which uses a patent- protected collection of ‘clever’ non-pathogenic bacteria to cleanse toxic metal
working fluids from the engineering industry.
The investment round was led by Oxford Capital Partners investing alongside
H2O Venture Partners, who also provided management input to develop the Company. The Rainbow Seed Fund, the Company’s initial
investor, committed further capital in this round. Microbial Solutions has also announced a
partnership with Houghton Europe, the leading provider of industrial fluids, which
will see the two firms provide a complete supply and treatment process to major
manufacturing companies using industrial fluids.
Download the press release.
November 2007: Rainbow celebrates 5 years. Science
Minister Ian Pearson told an audience of investors, Rainbow portfolio companies
and entrepreneurs in London
“"The Rainbow Seed Fund has made substantial progress over the last five
years and is really contributing in transferring scientific advances from the
laboratories and into the rapidly changing competitive economy. "Our goal
is to increase the economic impact of the research base through
commercialisation - from the lab into the real world. Linking research and
business is at the heart of what we do at the Department for Innovation,
Universities and Skills". Download the press release.
November 2007: Annual accounts for the Rainbow Seed Fund for 2006/7 published. Download the report and accounts.
October 2007: Existing
shareholders including Morningside and NESTA contribute to Series A
funding alongside the endorsement from a corporate pharmaceutical
investor. Read the press release.
August 2007: ThruVision and Northrop Grumman have joined together for a major US trade show to make available new innovative imaging technology to meet the increased demand of modern day security solutions. Download press release
July 2007: Close Ventures leads £4.36M funding into Oxsensis
April 2007: Oxsensis wins the Individual and small businesses Carbon Trust Innovation Award for its simultaneous temperature and pressure sensors which will help improve the energy efficiency of cars, planes and power stations
March 2007: MDA takes a controlling interest in Orbital Optics Limited (OOL). MDA, a public company listed on the Toronto Stock Exchange, employs more than 3,000 people in locations across the United
States, the United Kingdom, and Canada. The Company's common shares
trade on the Toronto Stock Exchange. Rainbow exited the majority of its shares in OOL as part of the transaction. Press release.
January 2007: Rainbow makes further investment in water monitoring company EcoAlert and Karen Morgan, former member of the boards of the Environment Agency and the National Rivers Authority, joins as Chairman
December 2006: Rainbow invests in ProKyma Ltd., a new spin out from Dstl exploting ultrasonic particle separation technology
December 2006: Rainbow invests in Babraham BioConcepts, providing critical sup port to new bioventures during the first stages of the technology-to-business translation process. Download the news release 18 Dec 06.pdf
November 2006: Rainbow annual accounts published. Download them here
November 2006: Rainbow portfolio company ThruVision deploys scanners designed to detect suicide bombers by looking through clothing at the Canary Wharf complex in London, site of
Britain’s tallest skyscraper. Read the Sunday Times article
October 2006: Mark White joins the Rainbow team and Andrew Muir becomes Investment Director.
October 2006: New partners and a further £2.5m of capital into Rainbow. See the full details of Rainbow's partners here
March 2006: Rainbow invests in Orbital Optics Ltd, providing low cost, high resolution satellite imaging
19th January 2006: Rainbow's success recognised by winning new £2.5m investment from OST.
21 November 2005: Rainbow annual accounts published.
27th September 2005: Rainbow sets sail - successful funding seminar with copies of the speaker slides...
28th July 2005: Rainbow appoints new directors...
7th July 2005: Rainbow leads Chameleon funding...
20th June 2005: Rainbow leads Novacta funding...
11th May 2005: BBSRC institute scientists and KT staff can win a case of wine...
28th April 2005: Rainbow holds knowledge transfer day...
22 April 2005: CCLRC knowledge transfer team win prestigous award...
7th April 2005: Rainbow invests in CellCentric Ltd.
13th December 2004: New Investment Manager for Rainbow
19th January 2004: BBSRC joins Rainbow Seed Fund
Rainbow: A Celebration Event
The Rainbow Showcase presents
Rainbow's first NERC Investment
Rainbow Seed Fund Business Ideas Competition 2003
First Rainbow investment - January 2003 |
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The Rainbow Seed Fund provides seed capital to commercialise scientific research at our partner organisations:
BBSRC, CSL, Dstl, NERC, VLA, HPA, SCRI, STFC, Macaulay, NPL and UKAEA
The Rainbow Seed Fund is managed by Midven Ltd, which is regulated by the FSA.
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