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Cardiff Medicentre hosts visit by Julie Morgan AM

Cardiff Medicentre has hosted a vist by Julie Morgan AM, Labour's Welsh Assembly member for Cardiff North. The event was intended to highlight the successful biotech and medtech startups based here and created as a result of the partnership between Cardiff University and Fusion IP.

Mrs Morgan was given a demonstration of our tenant MedaPhor ScanTrainer product by the company's founder Professor Nazar Amso. ScanTrainer is used for medical ultrasound training, with the company recently announcing its first European and US sales.

Mrs Morgan later met with Dr Neil Warren, founder of Asalus Medical Instruments and head of WIMAT. Dr Warren demonstrated a number of new products being developed by the company, currently focused on the minimally invasive surgery market. The company's flagship product, Innervision, removes the smoke produced during operations by the use of advanced electrosurgical instruments.


Commentary

Dr Mark Bowman, Director of Innovation at Cardiff Medicentre said "It is vitally important for all Welsh political parties to be aware of the progress being made here."

He added "Mrs Morgan was very welcome here and showed a strong interest in the excellent work that our tenants are carrying out."

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 Thu, 15th Dec 2011

 
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