Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Imec spin-off, Pepric, concludes EURO 1.4 million capital round

Abstract:
Pepric, a spin-off of imec, successfully concluded a EURO 1.4 million capital round. Pepric develops and commercializes equipment for quantitative molecular detection and imaging to monitor biological processes evolving slowly over time.

Imec spin-off, Pepric, concludes EURO 1.4 million capital round

Leuven, Belgium | Posted on January 26th, 2012

Pepric will develop equipment similar to PET or SPECT scanners to monitor processes evolving slowly over several days or weeks within the body. Infectious diseases are an example of such processes, or cell therapies for which it can take a few weeks before sufficient cells have migrated to the target tissue.

For slow biological processes, for example when monitoring cell migration it is possible to locate the cells, however it remains difficult to determine the amount of cells having reached the target tissue. Pepric's sensitive tools will allow pre-clinical centres to evaluate the efficacy of new therapies and to perform early diagnosis.

The investment of 1.4 million euro will support the production and commercialization of Pepric's first product: the analysis tool for quantitative molecular and cellular detection in tissue, urine and blood samples. Furthermore it will enable Pepric to develop its core technology towards detection and imaging within the body (‘in-vivo').

An important part of this capital round was financed with means form SOFI, the Spin-Off Financing Instrument being created to support spinoffs from the four Flemish Strategic Research Centres (IBBT, imec, VIB en VITO). SOFI has been launched by the Flemish minister of Innovation, Mrs. Ingrid Lieten, and is managed by PMV. Also FIDIMEC, the spin-off investment vehicle of imec, participated in this round.

####

About IMEC
mec performs world-leading research in nanoelectronics. Imec leverages its scientific knowledge with the innovative power of its global partnerships in ICT, healthcare and energy. Imec delivers industry-relevant technology solutions. In a unique high-tech environment, its international top talent is committed to providing the building blocks for a better life in a sustainable society. Imec is headquartered in Leuven, Belgium, and has offices in Belgium, the Netherlands, Taiwan, US, China, India and Japan. Its staff of about 1,900 people includes more than 500 industrial residents and guest researchers. In 2010, imec's revenue (P&L) was 285 million euro. Further information on imec can be found at www.imec.be.

Imec is a registered trademark for the activities of IMEC International (a legal entity set up under Belgian law as a "stichting van openbaar nut”), imec Belgium (IMEC vzw supported by the Flemish Government), imec the Netherlands (Stichting IMEC Nederland, part of Holst Centre which is supported by the Dutch Government), imec Taiwan (IMEC Taiwan Co.) and imec China (IMEC Microelectronics (Shangai) Co. Ltd.) and imec India (Imec India Private Limited).

About SOFI

SOFI (Spin-Off Financing Instrument) was created in 2011 under the impetus of the Flemish Minister for Innovation Ingrid Lieten. SOFI aims at stimulating the creation of spon-offs at the four Flemish Strategic Research Centres (VIB, IMEC, IBBT and VITO). For this new instrument, the Flemish Government provided 10 million euro. Coordination of the fund is by PMV. SOFI can invest in spin-offs in the form of shares or convertible bonds. Direct investment from SOFI may not exceed 1 million euro per spin-off, over a period of twelve months.

“At our Strategic Research Centres more than 4,000 researchers are working on new inventions that, one day, can improve the quality of our lives,” says Ingrid Lieten, Flemish Minister of Innovation. “These inventions must find their way from the lab to the economy so that everyone can reap the benefits of scientists’ work. The spinoffs often are faced with a gap between a promising invention and finding capital to start up. Especially during these harsh financial times in which it became almost impossible for young and promising startups to find private financing, the government must stand ready to play its full part. “Therefore I provided 10 million euro to help our top research centres via SOFI and PMV in setting up new companies that will bring these inventions to the marketplace.”

About PMV

PMV is a Flemish investment company. It finances promising entrepreneurs from the very start through the growth and to the internationalization of their business. It also invests in large infrastructure projects. Its focus lies on the sustainable economic development of Flanders, with demonstrable added value for both economy and society (www.pmv.eu).

About FIDIMEC

FIDIMEC NV is the investment vehicle of imec supporting the creation and growth of its spin-off companies. It is FIDIMEC’s mission to enable the growth of the startup from the earliest phase on to become a successful company.

For more information, please click here

Contacts:
imec :
Hanne Degans
External Communications Officer
T: +32 16 28 17 69
Mobile: +32 486 065 175


For Imec :
Barbara Kalkis
Maestro Marketing & PR
T : +1 408 996 9975
M : +1 408 529 4210


Pepric
Stephanie Teughels
CEO
Kapeldreef 75
B-3001 Leuven
Tel +32 16 28 82 82


PEPRIC NV Headquarters:
Kapeldreef 75
B-3001 Leuven, Belgium
www.pepric.com

Tel.: +32 16 28 82 82
Fax: +32 16 28 17 79
Register of Legal Entities Leuven VAT BE 0811.123.007

Copyright © IMEC

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Imaging electric charge propagating along microbial nanowires October 20th, 2014

Design of micro and nanoparticles to improve treatments for Alzheimers and Parkinsons: At the Faculty of Pharmacy of the UPV/EHU-University of the Basque Country encapsulation techniques are being developed to deliver correctly and effectively certain drugs October 20th, 2014

Physicists build reversible laser tractor beam October 20th, 2014

Removal of Limitations of Composites at Superheat Temperatures October 20th, 2014

Imaging

New Grand ARM Transmission Electron Microscope Offers Highest Commercially-Available Atomic Resolution of 63 Picometers October 17th, 2014

Nanotronics Imaging Releases nSPEC® 3D, Powerful Microscope That Captures 3D Images at Nanoscale, in Lightning Speed: Company Unveils Design at American Chemical Society 2014 International Elastomer Conference October 14th, 2014

BSA Distinguished Lecture Today, 10/14: 'LCLS: A Stunning New View Through X-ray Laser Eyes' October 14th, 2014

The Körber Foundation congratulates Stefan Hell on winning the 2014 Nobel Prize October 10th, 2014

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

7th Nanotechnology Festival, Exhibition Kicks Off Work in Iran October 7th, 2014

Harris & Harris Group Letter to Shareholders on Website August 19th, 2014

Harris & Harris Group to Host Conference Call on Second-Quarter 2014 Financial Results on August 15, 2014 August 12th, 2014

SouthWest NanoTechnologies Inc. Announces $2.7 Million in New Financing to Fund Growth, Plant Expansion and Technical Personnel August 11th, 2014

Announcements

Imaging electric charge propagating along microbial nanowires October 20th, 2014

Design of micro and nanoparticles to improve treatments for Alzheimers and Parkinsons: At the Faculty of Pharmacy of the UPV/EHU-University of the Basque Country encapsulation techniques are being developed to deliver correctly and effectively certain drugs October 20th, 2014

Physicists build reversible laser tractor beam October 20th, 2014

Removal of Limitations of Composites at Superheat Temperatures October 20th, 2014

Tools

New Grand ARM Transmission Electron Microscope Offers Highest Commercially-Available Atomic Resolution of 63 Picometers October 17th, 2014

Nanodevices for clinical diagnostic with potential for the international market: The development is based on optical principles and provides precision and allows saving vital time for the patient October 15th, 2014

Nanotronics Imaging Releases nSPEC® 3D, Powerful Microscope That Captures 3D Images at Nanoscale, in Lightning Speed: Company Unveils Design at American Chemical Society 2014 International Elastomer Conference October 14th, 2014

Unique catalysts for hydrogen fuel cells synthesized in ordinary kitchen microwave oven October 14th, 2014

NanoNews-Digest
The latest news from around the world, FREE





  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More














ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE