The Industrial Biotechnology Innovation Centre will invest in research projects at Scottish universities to support the creation of more spinouts.
The Industrial Biotechnology Innovation Centre (IBioIC), a Scottish state-backed hub that connects academia, industry and government, will invest up to £20,000 ($28,000) in research projects at Scottish universities, according to the Press and Journal.
The proof-of-concept grant can be up to a third of a project’s total value and it will be offered to researchers who want to launch a spinout within two years of receiving the funding.
IBioIC was created in 2014 to help Scotland reach a…
