Adaptix has an aim to transform radiology, revolutionising the way 3D imagery is obtained. The Oxford-based company has capitalised on several Innovate UK funding calls and it is through its success with A4I that the company has developed a fruitful relationship with the National Physical Laboratory (NPL).
The company achieved funding in Round 1 and 2 of A4I and in Round 1 it was matched with NPL. Mark Evans, the CEO of Adaptix, is clear about the impact that A4I has had on the company. He said:
“Adaptix has raised over £8m of equity, but by working with NPL we can access world-class measurement equipment worth many times this. Schemes like A4I give UK SMEs funding to access to the world’s best characterisation equipment, but crucially it also gives access to some of the world’s best brains that allow amazing results from that equipment.”
The A4I scheme works differently to the normal grant process. It gives UK businesses of any size access to cutting-edge R&D expertise and facilities to help solve problems that they have been unable to tackle using standard technologies and techniques. Together the funding partners run some of the most advanced facilities, techniques and technologies available in the world. Applicants to the funding rounds present problems that the partners may be able to solve. KTN then has a pivotal role of brokering applicants and their problems, matching them with the best UK scientists and facilities.
Mark Evans commented:
“You are matched up with scientists who work at measurement laboratories around the country who will collaborate with you on solving your issue; the scientists we worked with were part of the materials characterisation team at NPL. This scheme really opened our eyes to what NPL (and other measurement laboratories) could offer.
“Characterising our devices down to sub-micron level and understanding the chemistry below the surface has helped us to develop our technology and has saved us hundreds of thousands of pounds of wasted effort by giving us the data to inform our development choices initially made possible through financial support from the Analysis for Innovators programme.”
A4I is just one of the funding programmes that Adaptix has been successful with but it has played a big part in the growth of the company. It can now be described as a gazelle company, increasing from zero in 2014 to 32 employees.