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Newcells Biotech secures over £5m for 3D tissue models


Newcells Biotech secures over £5m for 3D tissue models
Newcells Biotech have received multi-million investment to develop their pioneering 3D tissue models
Newcastle-based human stem cell model specialists,Newcells Biotech
, have secured a total of £5.25m worth of funding to accelerate their growth plans in the international life sciences market.
The funding comes from two existing backers. Mercia has invested from its Northern Venture Capital Trust (VCT) and Enterprise Investment Scheme (EIS) funds and the North East Venture Fund (NEVF), which is supported by the European Regional Development Fund (ERDF); while NorthStar Ventures invested from the North East Innovation Fund, which is also supported by the ERDF. This funding round will help Newcells Biotech expand their growth in 3D tissue modelling for drug discovery. ....

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Northeast Venture Fund gaining popularity among Start-Ups: Dr Jitendra


Northeast Venture Fund gaining popularity among Start-Ups: Dr Jitendra
Excelsior Correspondent
NEW DELHI, Jan 11:  The North East Venture Fund (NEVF), which is the first and the only dedicated Venture Fund for the North Eastern Region and was introduced by the Modi government, is gaining popularity among Start-Ups and young entrepreneurs. The Venture Fund Scheme launched by the Ministry of Development of North Eastern Region (DoNER) intended to promote growth of business ventures and skill development  in the region.
Giving an update on the scheme, Union Minister of State (Independent Charge) Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr. Jitendra Singh said here today that the Ministry of DoNER had joined with North Eastern Development Finance Corporation Ltd (NEDFi) to set up the North East Venture Fund, the first and the only Venture Fund for Northeast with  an initial  corpus of Rs. 100 ....

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