Wideblue spinout company, PWB Health Ltd, have developed an innovative device to assist women with breast awareness. This month, PWB Health was named the ‘most promising new life science company in Scotland’ at the Scottish Enterprise Scottish Life Sciences Awards 2007.
An innovative new investment partnership has been announced between Scottish Enterprise’s Scottish Co-Investment Fund (SCF), Upstarts, Wide Blue and Gresham House plc… The partnership will offer technology companies, based primarily in the West of Scotland, access to investment packages worth up to £500,000, a base in Scotland’s longest established business incubator, expertise in moving concepts …
Jim Hall, founder of Wideblue, has been nominated as “Emerging Entrepreneur of the Year” at the Entrepreneur of the Year 2007 awards to be held on 29 November 2007.
Wideblue has raised £1.25 million in venture capital funding and created a new company, PWB Health Limited, to develop health products and market them worldwide.
Wideblue is to showcase it’s successes ahead of next week’s BioEquity Europe conference in Glasgow. We have been invited by Scottish Enterprise to show how we have been supporting young companies in the life-sciences field.
Polaroid spin-out, Wideblue Limited, has reported revenues of over £1m in the third quarter of its first financial year as an independent company. “We are profitable and on target to achieved revenues of £1.2m in our first financial year as an independent company,” said Jim Hall, CEO and business development director, Wideblue Limited.
Established in 2001 as a business unit within the Vale of Leven operation of US imaging giant Polaroid, Wideblue claims to be different from other incubator organisations. Less than a year into its life as an independent limited company, Wideblue would appear to have hit upon a winning formulae.
The specialist design development department within Polaroid’s Vale of Leven plant has been bought out by its management team in a six-figure deal. Known as Wideblue, the department was established as a separate business unit within Polaroid in 2003. It specialises in helping small technology-based companies develop products and manufacturing processes.
Wideblue were presented with the award for ‘Innovation and Creativity’ by Jackie Bird at Scottish Enterprise Dunbartonshire’s twelfth annual Business Excellence Awards, showcasing the talent and drive from Dunbartonshire’s business community.’
Wideblue client Biopta, the Glasgow-based life sciences company, has raised £575,000 in first-round funding to speed up the development of its state-of-the-art drug testing systems.