The round included investment from Oxford Technology Management, Porton Capital, New Hill, Midven, the Rainbow Seed Fund, Finance Wales and private investors. In January, Microvisk secured £2m from new and existing investors.
Microvisk is developing what is claimed to be the world’s first medical diagnostic strip based on a Micro-Electro-Mechanical System (MEMS).
Microvisk’s ‘SmartStrip’ uses sensors to work out the clotting speed of blood from a finger-prick sample and the results are displayed on a handheld reader.
Trials of the prototype device are said to be progressing and Microvisk will use the new capital to finalise product development and start the testing necessary to secure regulatory approval in Europe and the US.
The company says it is on track to launch the SmartStrip system onto the market in 2011.
Promoted content: Does social media work for engineers – and how can you make it work for you?
So in addition to doing their own job, engineers are expected to do the marketing department´s work for them as well? Sorry, wait a minute, I know the...