On Wednesday 20th April North West Hampshire’s Conservative MP Kit Malthouse welcomed the decision by Innovate UK, the Government’s fund for innovative businesses, to award ioLight in Whitchurch a grant.
ioLight, who joined Kit Malthouse at his small business summit in Andover earlier this year, will develop a small, low cost fluorescence microscope for biomedical research and development.
Existing fluorescence microscopes at present are expensive, cumbersome and targeted at high quality imaging for genetics. As technology has matured however, researchers require a small, easy to use microscope.
Speaking from Parliament, Kit said “The optical microscope market is estimated to reach $1.7Bn in worth by 2018 and this is an excellent chance for a local business to prosper and drive global science forward. Oxford University have said before that they’d pay £1,000 per microscope so this is a marvellous opportunity.”
ioLight’s founders, Andrew Monk and Richard Williams have both held CEO posts in technology start-ups previously, and follow optical technology closely. Noticing that recent developments in smart phone and tablet technology make them serious tools that can be used for professional quality applications, they have taken their 20 years of experience in optical engineering and founded a successful Hampshire business.