Northern Gritstone, an innovative investment firm in life sciences and deeptech, has spearheaded a £4 million seed investment into PhovIR, a startup emerging from the University of Manchester. This initiative is co-led with SCVC, a deeptech specialist. Founded by Dr. Tim Echermeyer and based at the Graphene Engineering Innovation Centre, PhovIR has also welcomed Dr. Steve Turley as executive-Chair. The company has developed a revolutionary Near Infra-Red (NIR) optical sensor technology capable of identifying the ‘optical fingerprint’ of various substances in a compact device. Unlike existing bulky and costly NIR sensors, PhovIR’s technology can be manufactured on a silicon chip, offering a small, lightweight, and affordable solution that could be integrated into devices like smartwatches or phones. This platform technology holds significant promise across various sectors, including health, industrial safety, pollution monitoring, and agriculture.
Who is leading the £4 million investment in the University of Manchester’s spinout?
