Queens University Belfast spin-out, Aramune Technologies Limited (ATL), announce the completion of a first commercial funding round, raising £800K from a syndicate of Northern Ireland based VC funds and private investors.
Commenting on the completion of the seed round Ashley Cooper, CEO, said “We are delighted to have secured this funding from local investors who are committed to supporting QUB spin-out ventures and the local economy. With his funding we are now well placed to rapidly exploit the very many commercial applications of our proprietary Aramune compound”.
Former President of the Ulster Farmers’ Union, Ian Marshall OBE, joins Aramune Technologies Limited as a special advisor. Ian is a prominent arable farmer in Northern Ireland. He is very well connected and respected amongst the farming community on the island of Ireland. One of Ian's first tasks is to project manage the first field cultivation study on the island of Ireland and UK of the Aramune 'source' crop.
Ian Marshall commented, “The data gathered from this trial will inform ATL’s cultivation strategy for 2023 and beyond when we expect to need to grow increasingly larger amounts of the crop to supply our markets. As we secure local supplies of raw material for our expanding production it is our aspiration that this becomes a new and profitable cash crop for Irish and UK growers”.
Aramune Technologies are proud to be regional winners of the InterTradeIreland Seedcorn Investor Readiness Competition. The annual competition is designed to prepare SME’s for the rigours of commercial fundraising.
Company co-founder and CSO, Prof. Brian Green commented, “The competition could not have been better timed for our company as we were in the process of what proved to be a successful funding round. It certainly helped us to hone our commercial proposition and presentation skills”.
The €20,000 prize money awarded to the company will be used for product development purposes.
Following successful completion of the Innovate UK sponsored ‘Innovation to Commercialisation of University Research’ (ICURe) programme Aramune Technologies has been awarded significant grant funding to further develop its Aramune™ technology.
During the ICURe process the company was able to substantiate the major applications for its technology in animal feed, human nutraceutical, and pharmaceutical applications.
The £300,000 Innovate UK grant will be directed towards the development of commercial scale production and feed studies of Aramune.
Aramune Technologies Ltd (ATL) announces a formal collaboration with Belfast based Devenish Nutrition with the objective of developing novel pig feed applications of ATL’s patented Aramune feed material.
Devenish Nutrition are leaders in sustainable food solutions, employing over 750 people globally and trading in over 50 countries. Devenish carries out pioneering research and development in health and sustainability throughout the food chain, in response to the growing consumer demand for safe, nutritious and sustainably produced food.
Commenting on the collaboration, Prof. Brian Green, ATL’s Chief Scientific Officer said, “We are delighted to be working with Devenish and to be able to harness their leadership position and unrivalled expertise in animal nutrition. Together we hope to develop animal feed applications of Aramune feed material that will improve the health and performance of pigs whilst reducing the use of antimicrobial compounds in feed”.