Scottish biomaterials start-up Biogelx, a company supported by Strathclyde University Incubator, walked away with the biggest prize at this year’s Engage Invest Exploit (EIE14), Scotland’s largest new business showcase, after delivering the best pitch of all participating companies.
Biogelx, who supply peptide hydrogels for the global cell culture market, were named ‘Pitch of the Day’ winners after impressing audiences with their customised gel products, aimed at improving cell biology.
Where before cell biologists were largely faced with a one size fits all approach to growing cells in the laboratory Biogelx’s gels can be designed to match the properties of different types of cells in culture, to mimic the behaviour of the body’s tissues and organs.
CEO David Lightbody said, EIE14 was a great opportunity to showcase Biogelx to the investment community. We are delighted to have won the Pitch of the Day award, as it highlighted the potential of our technology to address a major market opportunity and served as an appreciation that we have a team in place who can deliver success.
EIE14, Scotland’s premier annual investor event, brought together talent from the thriving Scottish start-up scene to talk to a variety of investors, with 60 companies taking part in the event at the Assembly Rooms in Edinburgh.
The event, organised and sponsored by Informatics Ventures, allowed time for three keynote speakers in between pitches and networking: Stagecoach co-founder Sir Brian Soutar, Chairman and CEO of Julie Meyer MBE, and after-dinner speaker Eve Muirhead, current Curling World Champion and Team GB Olympic Skipper.
EIE aims to facilitate communication between as many investors and start-ups as possible, setting up stalls for businesses to showcase their products and meet with interested parties.
Several companies are selected to present longer pitches on the day, with the most successful being chosen as winners.