Innovate UK is a government-backed agency supporting business-led innovation across the United Kingdom.
The grant from Innovate UK is matched by recent seed backing from LifeArc, Parkwalk and UKI2S.
"Bringing validation of our novel gene therapy and the opportunity to accelerate the development of our pipeline, we are delighted to receive this grant from Innovate UK. Ikarovec believes its approach has great potential in the treatment of the debilitating disease of wet AMD, with significant advantages over existing therapies and those in development."
The mental health platform secured backing from the government agency to advance its technology and expand its team.
"We’re incredibly honoured and proud to have received this grant. Most of the funds will be used towards further development and content for the app as we have high expectations to deliver a platform that is contextually smart as well as impactful with practical, actionable steps and content."
The funding round was led by UCL Technology Fund, Parkwalk, and Innovate UK to support sensor development and clinical trials.
"Coronary heart disease is endemic worldwide but far too often the decision to implant a stent is based on sub-optimal information. Our technology addresses the ‘grey zone’ of patients where the requirement for a stent is currently difficult to determine. By using advanced optical sensing technology, we hope to significantly improve the accuracy of current treatments, saving healthcare costs and preventing unnecessary operations for patients that could be treated with medicines."
The grant will fund the development of wireless charging platforms for light commercial vehicles.
"We are in the midst of an electric revolution, with many businesses, councils and individuals looking to make the transition to alternative fuelled vehicles"
Bloc Ventures leads a £2.7m Series A round alongside debt finance to accelerate quantum security hardware development.
"We are delighted to announce Bloc Ventures as our first institutional investor and look forward to working together during our next stage of growth."
