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Cansford attracts Business Minister and Brazilian Ambassador

Cardiff Medicentre's medtech startup Cansford Laboratories has held a formal launch ceremony attended by the Welsh Government's business minister Edwina Hart and the Brazilian ambassador Roberto Jaguaribe.

Since arriving last year, the company has set up a state-of-the-art drug & alcohol testing laboratory at the Cardiff Medicentre. Cansford has already set up an partnership with a laboratory in Sao Paulo, Brazil and plans a further international joint venture in Australia.

Cansford Launch

From left to right: Kim Bagley, Edwina Hart and Roberto Jaguaribe

Edwina Hart commented: "It’s always good to hear that technology developed in Wales is having an impact in countries around the world, and highlights yet again the importance of entrepreneurs and their potential contribution to the Welsh economy."

Brazil and Wales strengthen ties.

Trichotech pair in new drug testing venture.

Duo go hi-tech to replicate success of hair testing for drugs company.


Commentary

Dr Mark Bowman, Director of Innovation at Cardiff Medicentre said “This formal launch marked the return of two highly successful business people to Cardiff Medicentre. John Wicks and Lolita Tsanaclis are exactly the kind of serial entrepreneurs that we want to attract."

He added "I am certain that Cansford Laboratories will rapidly become a very successful business, especially in light of the experienced management team that the company boasts."

For all Cardiff Medicentre media enquiries, please contact:

Carina Phillips
T: 07815 058283
E:carinaphillips@ntlworld.com

Notes to editors

About Cardiff Medicentre

Cardiff Medicentre is a dedicated incubator for biotech and medtech startups. The facility is set in the grounds of the University of Wales Hospital and is a neighbour to Cardiff University’s School of Medicine.

Established in 1992, Cardiff Medicentre is a joint venture between Cardiff Council, Cardiff University, the Welsh Government and Cardiff & Vale University Health Board. It was the first incubator of its kind in the UK and now provides 32 units of high quality office and lab space accommodation ranging from 284 sq ft to 1,045 sq ft. Low-cost desk leasing facilities are also available to encourage entrepreneurs to enter the Cardiff Medicentre community while writing business plans and raising finance.

Tenants at Cardiff Medicentre benefit from specialist support in establishing and growing their businesses. Their aim, and the aim of the Cardiff Medicentre management team, is graduation – the process of tenant businesses outgrowing the incubation facilities and moving into their own follow-on space, or being acquired.

Examples of successful graduate companies

  • Q Chip Ltd (completed $6 million venture capital investment round in 2011)
  • Cardiff Bioanalytical Services Ltd (acquired by LGC Ltd in 2010)
  • Cardiff Research Consortium (acquired by Capita Group plc for £11.6 million in 2009)
  • BioDynamics Research Ltd (acquired by Quotient BioResearch Ltd in 2008)
  • TrichoTech Ltd (acquired by Concateno plc for £11.25 million in 2007)
  • OnExamination Ltd (acquired by BMJ Group in 2007)

Published on Mon, 26th Mar 2012

 
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