Bioquarter competition to seek health benefit firms

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Edinburgh Bioquarter has launched its 2012 Innovation Competition to discover new businesses that will benefit human and animal health.

The competition offers more than £25,000 in prize money for researchers from NHS Lothian and Edinburgh University.

Five companies will be selected as finalist in April 2012 and undergo a Dragon’s Den-style competition.

The winner will receive £10,000 to develop their idea.

There will also be a people’s choice award based on an online vote.

The Bioquarter’s Dr Mike Capaldi said: “Last year’s competition was a great success.

“We had 25 entries from around the university and the NHS, and three of the short-listed company concepts have since gone on to incorporate as businesses.

“This year we want to uncover even more ideas, whether from medical researchers or elsewhere in the university.”