Insignia, a freshness food label manufacturer commercialising technology originally developed at Strathclyde University, has secured £850,000 ($1.37m) to further develop its ‘smart pigment’ technology.

The round was led by investment firm Equity Gap, and joined in participation by Highland Venture Capital, the Scottish Investment Bank, Strathclyde University, and private backers. Funds from the latest round will be used to conduct trials of the technology within supermarkets and packaging firms.

The smart pigment technology indicates to the user how long a…

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