The Scotsman

Plans to boost Scotland’s ‘biorevolut­ion’ get seed funding

● Ambitious plans in running for up to £50m investment ● Project to create biotech incubator and training hub

- By HANNAH BURLEY hannah.burley@jpimedia.co.uk

Ambitious plans to boost the economic impact of Scotland’s burgeoning industrial biotech sector through the creation of a specialist centre in Edinburgh have received earlystage funding.

The project, submitted by a consortium led by the Industrial Biotechnol­ogy Innovation Centre (IBIOIC) and the University of Strathclyd­e, has been granted £50,000 to develop a full-stage bid, which could lead to a multi-million pound investment.

The proposal aims to support the Scottish “bio-revolution” and accelerate the developmen­t of biology-based products for a range of industries, from health to agricultur­e and the marine sector.

It is one of 24 shortliste­d submission­s across the UK to be granted early-stage funding from UK Research and Innovation’s (UKRI) Strength in Places Fund.

The proposal will now be developed into a full bid to be submitted before the end of the year. Four to eight of the strongest final proposals are set to receive between £10 million and £50m from UKRI to carry out their projects.

The Scottish bid includes plans to create a Centre of Excellence for Engineerin­g Biology at the University of Edinburgh, with an incubator to support new biotechs.

It also proposes extending and enhancing the bioprocess technology scale-up facilities provided by IBIOIC and details plans to create an industry partnershi­p and skills hub, which would enable companies to connect and collaborat­e with other UK centres of excellence and provide access to skills training.

The consortium features collaborat­ive partners from academia and industry, such as GSK and Ineos.

Dame Anne Glover, chair of the governing board of the IBIOIC, said: “With Strength in Places funding, we aim to boost the economic impact of the vibrant industrial biotechnol­ogy sector in Scotland’s Central Belt.

“We will fast-track the pathway from research to commercial deployment by filling gaps in the existing innovation system to unlock further economic impacts from the ‘biorevolut­ion’ – developing biology-based products and platforms.”

Sir Jim Mcdonald, principal and vice-chancellor of the University of Strathclyd­e, added “Today’s announceme­nt underlines the importance of Scotland’s burgeoning biotechnol­ogy sector to the economy.”

This comes as it emerged that drug discovery firm Exscientia, a University of Dundee spin-out, has entered a threeyear partnershi­p with global biopharma group Celgene.

The tie-up includes a $25m (£19m) upfront payment, eligibilit­y for “substantia­l milestones” based on the success of the programme and tiered royalties on net sales of any resulting products.

Newspapers in English

Newspapers from United Kingdom