Bio Nano Consulting completes transition to self-funding
organisation
12 Nov 2010
Bio Nano Consulting (BNC), a joint venture of Imperial College
and University College London that specialises in bio and nanotechnology
partnerships between the academic and industrial sectors, has completed
its publicly funded phase of corporate development.
At the same time, to mark the company’s transition to a
self-supporting and revenue-funded organisation, BNC has acquired
new expanded offices in central London to meet the increasing demand
for its services and specialist expertise.
BNC was formed in 2007 as the UK’s Micro and Nanotechnology Centre
focused on bionanotechnology, with funding from the UK Technology
Strategy Board (TSB) and the London Development Agency (LDA). The
funding provided open access to facilities in BNC’s partner
institutions, which is to continue.
Since the company’s launch, Bio Nano Consulting has completed 22
projects for 16 life science and high-technology sector companies.
Furthermore, the company already has a further 10 projects actively
in progress.
BNC is now partnered with three leading academic institutions,
namely Imperial College London, University College London and the
School of Pharmacy, University of London. The formation of a fourth,
internationally focused partnership is expected to be announced this
year.
CEO Dr David Sarphie commented: “We are pleased to have completed
the first phase of our business plan and to have exceeded our growth
projections. We have made effective use of TSB and LDA publicly
funded resources to help UK and international clients adopt
nanotechnology and also to drive the success of Bio Nano Consulting,
enabling the company to emerge as a fully self-financed,
revenue-driven enterprise.
"We predict continued revenue growth as we confidently embark on the
planned second phase in our company’s development. We look forward
to servicing the expanding stream of project based clients in
international markets, all of whom will continue to benefit from our
unique business model that combines strong project management
expertise with access to scientists in world leading academic
institutions.”