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Taking Innovation to Market

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Established 2005 as a spin-out from the University of York. First round investment July 2005 ... Progress since Spin-out. Recognition of Innovation ... – PowerPoint PPT presentation

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Title: Taking Innovation to Market


1
  • Taking Innovation to Market
  • Yorkshire Science and Technology Network
  • Carolyn Parkinson, CEO
  • 23 May 2007

2
Paraytec Background
  • Paraytec Limited is a scientific instrument
    company with technology targeted at the life
    sciences sector
  • Four founder-inventors established the company to
    exploit the results of academic research
  • Established 2005 as a spin-out from the
    University of York
  • First round investment July 2005
  • First product ActiPix D100 now in early stage
    sales

3
Technology First Product ActiPix D
  • Miniature UV imaging detector incorporating
    active pixel area sensor technology
  • Unique use of capillary as sample vessel and
    optical element
  • Highly sensitive over five orders of magnitude
    linear dynamic range
  • High throughput multiplexing
  • Life sciences / biopharma applications

4
Progress since Spin-out
  • Raised investment and loan funding
  • Developed prototypes through to production models
  • Undertaken DFMA programme to achieve high tech
    manufacture
  • Launched first product range to market
  • Engaged distributor network
  • Achieved multi-channel sales direct,
    distributor, OEM

5
Recognition of Innovation
6
Observations Three Success Factors
  • Genuine Innovation
  • Academic Commitment
  • Proactive Ownership

7
  • Paraytec Limited
  • 1a St Georges Place
  • Tadcaster Road
  • York YO24 1GN
  • phone 44 (0) 1904 526270
  • info_at_paraytec.com
  • www.paraytec.com
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