iGii Secures £8.8M Funding for Revolutionary Gii™ Nanomaterial
iGii Secures £8.8 Million Funding for Gii™, a Sustainable Alternative to Graphene
Nanomaterial producer iGii, based in Stirling, has successfully raised £8.8 million in new funding to accelerate its growth and expand its manufacturing capabilities. The company, previously known as Integrated Graphene, has developed Gii™, a 3D carbon foam that mimics the beneficial properties of graphene without its typical production challenges. The material is created through a low-energy, chemical-free process, making it more cost-effective than traditional materials like gold.
Key Takeaways
- iGii secures £8.8 million in funding to bolster Gii™ technology and expand manufacturing capabilities.
- Gii™ offers the properties of graphene without its scale-up challenges.
- The University of Bath utilizes Gii-Sens™ for battery-free lactic acid sensing.
- The Scottish National Investment Bank leads the funding with £4 million, supporting iGii's innovation.
- iGii plans to scale Gii-Sens™ production for global point-of-care diagnostic sensors.
Analysis
The £8.8 million funding led by the Scottish National Investment Bank will significantly enhance iGii's Gii™ technology, providing a sustainable alternative to traditional graphene. This investment will support iGii's expansion in healthcare diagnostics and other sectors, amplifying its manufacturing capabilities and research and development efforts. The application of Gii-Sens™ in battery-free sensors by the University of Bath underscores its potential in remote diagnostics. This funding not only accelerates iGii's growth but also positions Scotland as a key hub for nanomaterial innovation, potentially influencing global healthcare and environmental monitoring standards. The scalability of Gii-Sens™ could disrupt the diagnostics market, offering cost-effective, precise solutions, while also fostering economic development in Scotland through job creation and technological advancement.
Did You Know?
- Gii™: A 3D carbon foam developed by iGii, which replicates the beneficial properties of graphene but is produced through a low-energy, chemical-free process. This material is more cost-effective than traditional materials like gold and is designed to overcome the typical production challenges associated with graphene.
- Gii-Sens™: A technology developed by iGii that utilizes their Gii™ material to create battery-free sensors, demonstrating precision in measuring lactic acid in athletes and diagnosing illnesses. These sensors are highly valuable in healthcare and other industries.
- Scottish National Investment Bank: Owned by the Scottish government, it provides financial support to businesses aligned with its mission to promote innovation and economic growth. The bank led a substantial investment in iGii, recognizing the potential of its technologies to advance nanomaterials and healthcare diagnostics.