The Industrial Biotechnology Innovation Centre will invest in research projects at Scottish universities to support the creation of more spinouts.

The Industrial Biotechnology Innovation Centre (IBioIC), a Scottish state-backed hub that connects academia, industry and government, will invest up to £20,000 ($28,000) in research projects at Scottish universities, according to the Press and Journal. The proof-of-concept grant can be up to a third of a project’s total value and it will be offered to researchers…

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