…and welcome OxDX and REDSHIFTBio
Three new companies are set to move into newly created laboratories in the Wood Centre for Innovation, owned by Advanced Oxford member, The Oxford Trust and operated by Oxford Innovation.
Helio Display Materials, the first joint Oxford and Cambridge university spin-out, was founded by Professor Henry Snaith FRS, also founder of the successful Oxford PV, and Professor Sir Richard Friend FRS FREng, both leaders in perovskite technology. The company has recently completed a £3.5 million funding round led by Longwall Venture Partners and BGF.
Helio Display Materials uses innovations based on the outstanding properties of metal halide perovskites to create materials for a new generation of brighter, more colourful displays that use significantly less power. The application of the technology for LCD, OLED and µLED displays enables increased brightness, colour range and power efficiencies that were previously thought unachievable at industrial scale.
University of Oxford spin out, OxDX Ltd is creating instant disease diagnostics using super-resolution microscopy and machine learning. OXDX has recently announced a £2.6 million pre-seed fundraise to develop their AI powered rapid diagnostic technology. The funds will support the expansion of their team and further validation of their novel technology, and ultimately help to improve the cost and access to infectious disease diagnostic worldwide.
RedShiftBio (RedShift BioAnalytics) provides next-generation platform technology enabling measurements of previously undetectable structure changes in biomolecules through a powerful new analytical technique, Microfluidic Modulation Spectroscopy (MMS). Headquartered in Burlington, Massachusetts, RedShiftBio’s flagship instrument, the AQS3pro, provides in-depth structural information in a single automated analysis, enabling users to detect pivotal changes in molecular structure that affect the critical quality attributes governing the safety, efficacy, and stability of biomolecules and their raw materials.
These latest companies to join the Trust’s community of science and tech start-ups will mean that both the Trust’s innovation centres – the Wood Centre for Innovation in Headington and the Oxford Centre for Innovation in the city centre – are almost at full occupancy with 40 high tech, software and support companies.
Steve Burgess, chief executive officer, The Oxford Trust said: “We warmly welcome Helio Display Materials as a shining example of an Oxbridge spin-out collaboration, and indeed all our new customers and their staff. It is thanks to OxLEP for securing a second tranche of national government funding – alongside the Trust’s significant own investment – that we have been able to accelerate lab provision at our Wood Centre for Innovation that will give early-stage companies the opportunities they need to achieve their potential. It is a real endorsement of what we do to have the first and second phases of our lab development supported by the Local Growth Fund.”
