Bright Ascension overcomes barriers to growth with £250,000 investment

Dundee based space technology firm Bright Ascension has reached a new frontier in its corpoate development after agreeing a switch to employee ownership.

The company, which has its headquarters at the city’s Laurel Bank and which also has an operational base in Edinburgh, played an instrumental role in Scotland’s first ever satellite launch in 2014.

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Albagaia exits Novarum diagnostics JV

In 2011, Albagaia invented the Smart Phone based test reader, which developed their Hydrosense rapid Legionella test, creating the world’s first and only on site real time monitoring system for Legionella risk. The company patented the technology in 2012 and went on to set up the NovarumDX Joint Venture, which allowed the company to enter the medical market and sell bespoke test readers to companies in USA and other parts of the world.

With assistance from John P Craig of DC Consulting, Albagaia have now sold their JV share in NovarumDX, whilst retaining an exclusive global license for water testing applications, to BBI Solutions OEM Ltd (BBI), the leading provider of lateral flow diagnostics and biological raw materials.

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iHandover completes latest funding round

SaaS based knowledge transfer solutions company iHandover, has successfully completed its next round of funding.

As part of the funding the Edinburgh based company also announced that April Harbottle and Dr Vitaliy Smirnov will be joining the company to spearhead the development and push to market its leading product range.

The new investment, coupled with emerging business opportunities in multiple sectors, sets the stage for what promises to be a pivotal year for the Edinburgh based company. Over the past two years iHandover has continued to develop and refine its world class knowledge transfer solution.

Welcoming the next stage of investment CEO Ross McDowell said ‘It is great to see the Scottish Investment Bank support the company and recognise the fantastic opportunity to invest. In addition to this injection of capital, our new investors add considerable experience and will help increase our global representation. This latest round of funding coincides with our recently awarded RSA Grant from Scottish Enterprise, who have been vital in assisting and advising the business on critical matters such as R&D and International Trade. All of this will allow the business to significantly expand our Scottish roots and I fully expect our mix of youth and experience to make iHandover an international success story in the year ahead.”

Horizon Proteins Limited

DC Consulting provided corporate finance advice to Horizon Proteins in order to secure a six figure sum from the Scottish Investment Bank to assist with future development

DC Consulting were delighted to assist the company in securing growth investment for the company.

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