Leeds University spun out Dietary Assessment last week to help track and analyse people’s food intake.
The university provided an undisclosed amount in initial funding through its Enterprise Fund, which was used by Janet Cade, professor of nutritional epidemiology and public health and founder of Dietary Assessment, to develop online tool Myfood24.
Myfood24 enables researchers, teachers, health professionals and dietitians to monitor diet and analyse food and drink consumption. That data is then used to help reduce and manage diet-related conditions such as diabetes.
The Medical Research Council further supplied a grant of almost £1m ($1.2m).
Andy Duley, director of commercialisation at Leeds University, said: “We are delighted to support Dietary Assessment and believe it has an exciting future. In addition to the UK market, Myfood24 is already being used in Australia, with German and Danish versions currently under development, so the market is truly global.”
Dietary Assessment is one of more than 100 spinouts generated by Leeds University to date. Combined, these companies have a market cap of more than £500m, with seven spinouts successfully completing a flotation on Aim.
