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Microbiosensor named investment deal of the year at Bionow Awards

5 December 2017

Microbiosensor named investment deal of the year at Bionow Awards

A £700,000 fundraising by University of Manchester spin-out company Microbiosensor, which develops disposable point-of-care medical devices, was named Investment Deal of the Year, at the Bionow Awards dinner.

Microbiosensor recently secured £1.4m worth of equity finance in the 100th deal completed by the Northern Powerhouse Investment Fund (NPIF), co-investing with the Greater Manchester and Cheshire Life Sciences Fund, managed by Catapult Ventures.

Celebrating the outstanding leaders and innovators in the life sciences sector in the North of England, the Bionow awards ceremony was attended by more than 400 people at a gala dinner at the Mere Golf Resort and Spa. 

The awards, which recognise excellence, outstanding achievement and enterprise in a sector that is worth £11bn to the North’s economy, were sponsored by Manchester Science Partnerships, Appleyard Lees and World Courier. 

The full list of winners was: 

Bionow Start Up of the Year Award (Sponsored by RSM) 

Bionow Healthcare Project of the Year Award (Sponsored by TRUSTECH) 
Sky Medical Technology / James Cook University Hospital South Tees NHS Trust - Reducing the time to surgery for ankle fracture patients

Bionow Project of the Year Award (Sponsored by Waters Corporation) 
University of Manchester, test for the management and assessment of Inflammatory Bowel Disease 

Bionow Product of the Year Award (Sponsored by The Innovation Agency) 
Crawford Healthcare – KerraContact Ag 

Bionow Technical Service Award (Sponsored by Gateley plc)
Cobra Biologics - Delivery of Technical Services related to the process development and manufacture of Plasmid DNA for Gene Therapy Products in clinical trials 

Bionow Business Services Award (Sponsored by World Courier) 
Innovation Agency, Healthcare Business Connect 

Bionow Promising Technologist of the Year Award (Sponsored by Seqirus) 
Peter Chater, Postdoctoral Research Associate, Newcastle University 

Bionow Investment Deal of the Year Award (Sponsored by QIAGEN) 
Microbiosensor Limited - Series A investment in Microbiosensor by Catapult Ventures and Maven Capital Partners 

Bionow Outstanding Contribution Award (Sponsored by Sci-Tech Daresbury) 
Dr Steve Little, Chief Executive Officer, Premaitha Health plc

Bionow Company of the Year Award (Sponsored by AstraZeneca)
Cobra Biologics 

Dr Geoff Davison, chief executive of Bionow, said: “The critical importance of the life sciences sector has been acknowledged in the Government’s new Industrial Strategy this week. It is hugely pleasing to see new financial support and a clear focus on supporting R&D-focused businesses and encouraging collaboration with the NHS as part of this. 

“Locally it’s great to see a leading international company like QIAGEN announcing plans to grow its presence in the North – a clear vote of confidence in our sector.” 

Dr Davison added: “As ever we had an incredibly strong shortlist all are to be commended for their innovation in providing solutions which have the potential to be game-changing in the industry.

“Steve Little is unquestionably one of the most successful entrepreneurs in our sector and he thoroughly deserves recognition for what he has achieved.” 

A not-for-profit membership organisation, Bionow supports the North of England’s burgeoning life sciences sector, which currently includes some 1,000 science and healthcare companies with a combined turnover of around £10.9bn. Its member base includes start-ups and spin-outs as well as well-established businesses. The services it offers to firms include dedicated business support programmes, shared procurement schemes and recruitment and training support.