Portfolio

Aitua

Aitua provides critical support to new bioventures during the first stages of the technology-to-business translation process. It works closely with entrepreneurs and scientists to create and nurture emerging companies from world-class science and technology deriving from the Babraham Research Campus and other life science clusters in the UK. It provides seed and early stage funding, injects specific expertise and provides access to services and facilities. This reduces cash-burn during the formative years and so enables companies to get off the ground. Aitua has a unique offering designed to accelerate the formation of quality, venture-ready early-stage companies.
Funded by the Rainbow Seed Fund
1st Investment: January 2006 | www.aitua.com
Sector: Medical / Biotechnology


Cellcentric

Epigenetics is the study of the control mechanisms that sit on top of genes and guide the function and fate of individual cells. The field is expected to radically change traditional approaches to many healthcare areas, including cancer therapeutics and tissue regeneration.
Funded by the Rainbow Seed Fund
1st Investment: January 2005 | www.cellcentric.com
Sector: Medical / Biotechnology


Chameleon Biosurfaces

Chameleon Biosurfaces is developing the next generation of polymer coatings for implantable medical devices, such as drug eluting stents.  The polymers provide beneficial features that enhance implants performance.  Beneficial features can include minimising adverse events that can occur in patients after devices have been implanted, and features that help clinicians in the successful deployment of implants during operations.

Funded by the Rainbow Seed Fund
1st Investment: October 2005 | www.chameleonbio.com
Sector: Medical / Biotechnology


Claresys Limited

Claresys Ltd has developed a Compact Optically Scanning Enhanced (COSE) pinhole camera. The COSE Camera Lens has an independent internal zoom and internal pan & tilt capability, using novel optical component arrangements, where the camera remains stationary. With no external moving parts it is possible to scan onto any target subject within the instantaneous field of view of the lens (up to 125O) and then zoom in onto it. Its applications cover surveillance, oil & gas exploration and other hazardous environments.
Funded by the Rainbow Seed Fund
1st Investment: January 2009 | www.claresys.com/Nindex.html
Sector: Medical / Biotechnology


Colbalt Light Systems

Cobalt Light Systems provides new and proprietary analysis techniques using Raman spectroscopy for high throughput non-invasive pharmaceutical analysis of tablets, capsules, powders etc. incuding chemical and polymorph/amorphous content.  A second technique involves the rapid non-invasive analysis of materials below layers e.g. materials characterisation through coloured and opaque containers for pharmaceuticals/security uses, tissue analysis through skin and academic research.

Funded by the Rainbow Seed Fund
1st Investment: November 2005 | www.cobaltlight.com
Sector: Medical / Biotechnology


Crescendo Biologics

Crescendo Biologics is developing two proprietary platforms for biological therapeutics from the Babraham Institute: ribosome display for the optimization of antibodies and a transgenic mouse which produces heavy chain only antibodies.

Funded by the Rainbow Seed Fund
1st Investment: June 2008 | www.crescendobiologics.com
Sector: Medical / Biotechnology


Inscentinel

Inscentinel Ltd is a biotechnology company specialising in harnessing the olfactory ability of insects for trace vapour detection. Our primary focus is the development of a new generation of handheld portable detectors, through the use of live honeybees. This unique Inscentinel Technology offers sensitive vapour detection coupled with distinct operational advantages.

Funded by the Rainbow Seed Fund
1st Investment: August 2007 | www.inscentinel.com/
Sector: Environmental Technologies


L3 Technology

L3T is addressing the $10bn global market for cholesterol testing, using technology from a leading team of scientists based at STFC's Daresbury Laboratory in Cheshire to develop a diagnostic tool for full spectrum cholesterol testing at the point of care.

A 2004 RSF pathfinder funded some confirmatory research to back up claims in a patent, with further investment since taking the total to £242,000. The company has recently raised a further £1.7m from angels and venture funds and expects to have a fully functioning device within the next six to twelve months.
Funded by the Rainbow Seed Fund
1st Investment: January 2004 | www.l3technology.co.uk
Sector: Medical / Biotechnology


Microbial Solutions

Microbial Solutions’ innovative on-site bacterial process can treat metal working fluids in a much more environmentally friendly manner, producing grey water that is safe to dispose of in the sewerage system, and with no methane production in the process - so lower greenhouse gas impact. Water re-use is also possible, and the Company can offer treatment price certainty and stability to manufacturers, on a non-capital investment ‘pay-as-you-treat’ per litre basis.


The technology has been successfully trialed with a leading car manufacturer. Microbial Solutions has now moved to new office and laboratory facilities in Oxfordshire, and following an introduction by Houghton Europe, is also close to completing the first commercial pilot of its patent protected bacterial treatment, known as ‘Microcycle™ Technology’ at the site of a major aerospace manufacturer. RSF made a pathfinder investment in 2004 and the Company raised £1.2m towards the end of 2007 from a syndicate including RSF and Oxford Capital Partners.

Funded by the Rainbow Seed Fund
1st Investment: January 2004 | www.microbial-solutions.com
Sector: Environmental Technologies


Microvisk

Microvisk has a unique approach to the measurement of the viscosity of blood and other fluid, based on CCLRC's considerable expertise in its Central Microfabrication Facility. The patented technology involves the spatial movement of microfabricated thermal bimorohs - bimetallic strips - which is converted into an electric signal using the piezo electric effect. Microvisk's technology can revolutionise the diagnostic market by simplifying the most common coagulation tests (those that are critical to the monitoring of any patient at risk from blood clotting and heart problems) and by providing instant POC and NP testing and analysis.

Funded by the Rainbow Seed Fund and the Advantage Growth Fund
1st Investment: January 2004 | www.microvisk.com
Sector: Medical / Biotechnology


Novacta

Novacta is a drug discovery and development company using pathway engineering and chemistry to optimise the activity of natural products for the treatment of infectious diseases. The company combines proprietary technologies from the world-renowned Actinomycete group of the John Innes Centre, Norwich with the know-how of a highly experienced team drawn from major pharmaceutical companies and the biotechnology industry.
Funded by the Rainbow Seed Fund
1st Investment: January 2005 | www.novactabio.com
Sector: Medical / Biotechnology


Orbital Optics

For several years CCLRC's Space Science and Technology Department at Rutherford Appleton Laboratory has been developing compact, robust, low cost cameras to image Earth from space. The TopSat mission, a collaboration with Surrey Satellites and Technology Ltd and QinetiQ on a BNSC and MoD sponsored project, obtained colour images at a resolution of 2.8m over a 16km field of view. Individual buildings on the ground can be identified at this resolution.


MDA,the Canadian space and defense company, acquired 50% of the conmpany's share capital in 2007 (including the bulk of RSF's holding) with a view to developing it as its European base.  Rainbow made and IRR of 20% in less than 1 year.

Funded by the Rainbow Seed Fund
1st Investment: December 2004 | www.orbitaloptics.co.uk
Sector: ICT


Oxsensis

Oxsensis is pioneering a 'new breed' of optical instrumentation for precision controls in super harsh environments such as highly efficient car and aero engines, and in industrial,electrical,nuclear and space applications.

Funded by the Rainbow Seed Fund
1st Investment: December 2000 | www.oxsensis.com
Sector: Environmental Technologies


P2i

P2i's patented technology employs a special pulsed ionised gas (plasma), which is created within a vacuum chamber, to attach a nanometre-thin polymer layer over the entire surface of a product.  Tests show that P2i's patented nano coating technology can deliver performance benefits for a wide range of materials, including polymers, metals, fabrics, leather, ceramics, glass and paper.  Even complex, 3D objects incorporating several different materials can be treated successfully with the P2i process.  P2i has two consumer brands for its technology: ion mask™, for footwear, outdoor clothing and accessories, and Aridion™, for consumer electronics.  For industrial applications, the technology is covered by the corporate P2i brand.

Funded by the Rainbow Seed Fund
1st Investment: December 2000 | www.p2ilabs.co.uk
Sector: Other


Procarta Biosystems

Procarta Biosystems is a spin-out from one of Europe's leading microbiology departments at the John Innes Centre. The company, formed in early 2008, is investigating a novel approach to counter antibiotic resistance and defeat infectious diseases using a DNA decoy technique, which aims to restore antibiotic efficacy against resistant superdrugs, such as methicillin-resistent Staphylococcus aureus (MRSA) and vancomycin-resistant Entercoccus (VRE).

Accessing the skills in the John Innes Centre, Procarta is also able to offer a contract research service creating and improving Streptomyces strains for heterologous production.
Funded by the Rainbow Seed Fund
1st Investment: January 2008 | www.procartabio.com
Sector: Medical / Biotechnology


ProKyma

ProKyma is based on Dstl's proprietary ultrasound technology for manipulating particles.

Sensitive detection methods are limited by the purity of the starting material. Techniques are available to purify and concentrate biological specimens but these methods are often labour intensive or only partly effective. Major improvements in analysing biological samples such as bacteria, cells and DNA require improved sample preparation. ProKyma's Sonic Separation technology provides a means for concentrating and purifying cells or micro-organisms. Sonic Separation can also be used to isolate or analyse cell aggregates, for example in blood grouping and serology.
Funded by the Rainbow Seed Fund
1st Investment: January 2006 | www.prokyma.com
Sector: Medical / Biotechnology


SALT

Subsea Asset Location Technologies Ltd (SALT) is a spin-out company from the Defence Science and Technology Laboratory (Dstl), a research agency of the UK Ministry of Defence (MOD).  The company was formed to exploit a new passive sonar reflector technology for the commercial marketplace.  The product SonarBell™ works by focusing the sound energy like a lens to amplify sound levels and reflect them to the sender.  This ability is delivered solely through the mechanical properties of the chosen materials and its construction.

Funded by the Rainbow Seed Fund
1st Investment: January 2008 | www.cesalt.co.uk
Sector: Other