One million pound investment has been made to help expand a pioneering biomedical company in Northern Ireland.
Queen’s University spin-out company i-Path Diagnostics delivers software technologies for education, training and research in diagnostic medicine, specialising in cancer research and detection.
The firm has developed revolutionary whole-slide digital scanning technology that allows large medical images to be stored and simultaneously viewed online across the world.
Company chairman Ian Kerr said: “Virtual microscopy has reached a tipping point in biomed sciences, so there is no doubt that i-Path has tremendous potential.
“We offer an innovative product with genuinely global opportunity. It’s a scalable business.”
Professor Peter Hamilton, co-founder of the firm said: “This really is the next step in microscopy diagnostics and research.
“This week we are running a test of Europe’s largest online pathology competency review, which involves over 500 pathologists from ten countries across Europe.”
The one million pound investment has come from venture capitalists Crescent Capital, Invest NI, QUBIS/University Challenge Fund and a private investor, and will be used to grow the business.
Copyright Press Association 2008