Richard Lyle, MSP for Central Scotland visited Lanarkshire’s BioCity for the first time this week to meet with Managing Director, Dr Diane Harbison.
Mr Lyle said:
“This is my first visit to BioCity Scotland and I am very impressed with the state-of-the-art facilities, support and vast bank of knowledge on offer here for growing life sciences businesses. Life sciences is a core priority for the Scottish Government, and the sector is vital not only to the local economy here in Lanarkshire but also the Scottish economy as a whole, with turnover expected to double by 2020. BioCity Scotland can play a key part in that by supporting new companies, creating jobs and by providing the perfect environment for inward investment opportunities.”
Dr Diane Harbison, MD of BioCity Scotland added:
“We are delighted to have hosted a visit by Mr Lyle and have the opportunity to showcase the work of BioCity Scotland, which play a key role in creating new companies, job opportunities and health and wealth benefits, integrating them quickly into the Scottish life science community.”
Biogelx Ltd, a biomaterials company, based at BioCity Scotland in Newhouse, has announced significant growth plans to expand into overseas markets and to double the headcount after receiving a Series A finance injection of £630,000.
The firm has attracted funding from the Scottish Investment Bank, Jonathan Laredo of Peak Capital Advisors, the University of Strathclyde and Gabriel Investments.
A University of Strathclyde spin out company, Biogelx produces leading edge peptide hydrogels which are used in research and have potential regenerative medicine applications. They have a unique offering that has ignited huge interest in the global cell culture market and recently the company has significantly expanded its customer base into Spain, Italy, Portugal and Korea.
This round of funding will allow further development into the lucrative US market, specifically allowing Biogelx to expand its recently established New York office, to improve support for existing customers and enhance its company profile.
Closer to home at BioCity Scotland, Biogelx plans to double headcount numbers from seven to fourteen members of staff within the next year and to achieve a year on year doubling of turnover over the next five years.
Biogelx was one of the first tenants to move into BioCity Scotland in early 2013. Dr. David Lightbody, CEO of Biogelx Ltd, said
‘It’s a very exciting time for Biogelx as the company takes its first steps in to the global market. Since inception, we have received invaluable support from BioCity Scotland and they has really provided us with a springboard to success. Key to our success will be to build-upon our achievements at BioCity so we’re delighted to expand this team further here.”
Dr Diane Harbison, Managing Director of BioCity Scotland said:
“As one of our first tenant companies, we have worked with Biogelx every step of the way to foster their remarkable success.”
“BioCity Scotland provides so much more than high spec laboratories and office space. It’s the access to expertise, finance and a community of like-minded people that really nurtures spin out companies and helps them to achieve such a high success rate. This is case and point for Biogelx as it begins its’ journey as a market leader.”
Stuart MacKenzie, Commercialisation Infrastructure Manager of the University of Strathclyde said:
“The University is delighted to have participated in this significant round of investment for its spin-out Biogelx. We welcome this latest major step towards establishing Biogelx in the cell culture market and allowing the spin-out to develop further markets in stem cell and possible future therapeutic applications.”
If you’re thinking about starting a new business or dreaming of being your own boss, then come along to “Business Launch 2015”.
Business Launch 2015 will take place on Tuesday 23rd June at the Atrium Business Centre, Coatbridge. The event will give you an insight into some of the practical elements of setting up and running a successful business in 2015. There is a programme of taster workshops and the opportunity to meet with the Business Gateway team to get all the information you need to consider when taking those first steps into business.
Business Launch 2015 kicks off at 10am with events running throughout the day, informal networking opportunities and a chance to speak to the Business Gateway advisers. Delegates can attend for the whole day with lunch provided or drop into the relevant sessions.
- 10am Doors Open
- 10:15am – 11:30am Getting Your New Business Noticed
- 11:45am – 1:00pm Getting Your Finances Set up for Launch
- 1:00 pm – 1:30pm Buffet Lunch
- 1:30pm – 2:45pm Getting Your First Website
- 2:45pm – 3:30pm Networking
Getting Your New Business Noticed
Marketing is a key factor in starting a successful business. Marketing is the process of reaching your customers to let them know what your business does. Modern Marketing takes into account a wide range of tools, from Marketing research and newspaper advertising through to social media and PR.
This session will help people thinking about starting up a business and give them some of the tools and confidence to market their new venture. It will introduce how to market on a budget and highlight information on the tools modern Marketers use to generate awareness and potential sales.
Topics covered include:
- The role of marketing in your business
- Identifying your target customers
- Identifying the strengths and weaknesses of your competitors
- Market research, its importance and how do it
- Modern and traditional channels and tools available to start ups.
Attendees will receive a marketing pack to help them get their marketing right before launching their business.
Getting Your Finances Set up for Launch
Getting your finances right can make or break a business, even before it’s launched. From knowing how much to charge for a product, to being able to manage cashflow, having a handle on your business finance is vital to ensuring its success.
This session aims to help you get to grips with the basics of managing the finances for your new ventures, and will help ensure you are financially ready to launch your new enterprise in 2015.
Topics that will be covered include
- Understanding business finance
- How to project sales
- Forecasting expenditure
- Profit and Loss
- Funding options available in Lanarkshire
Getting Your First Website
The internet is a fact of business life, without an online presence customers are less likely to buy and may not even know you exist. Even Businesses who are not ready to start need to have this lined up before they launch.
This session will take you through how to use a free tool to build a basic homepage suitable to advertise your presence online and will covering these key areas:
- Why a website is important
- Basics of web design
- Domain Names & Hosting
- Construction of a Themed website using Word Press
- Setting up email addresses
To book your free place online please click here or email Lanarkshire@bgateway.com