Paraytec Finalist for UK BioEntrepreneurial Company of the Year Awards

Tuesday, 19th June 2007

York, UK based scientific instrument company, Paraytec, has been selected as a finalist for the UK BioEntrepreneurial Company of the Year Awards. Paraytec has been nominated by Yorkshire Forward to represent the region at the prestigious awards event to be held at the Foreign Office in London on 4 July 2007.

The awards competition, sponsored by UK Trade & Investment, showcases high-growth biotechnology businesses from across the UK. Paraytec was selected by regional development agency Yorkshire Forward to represent the Yorkshire and Humber region following the succesful launch of its ActiPix™ D100 instrument to international markets. Paraytec used support from UKTI to assist in planning a structured approach to the international launch of its technology, which was acknowledged as being globally significant and likely to quickly attract the attention of export markets. The approach was rewarded in March 2007 when the ActiPix™ detector received international acclaim in being recognised as one of the most significant new scientific instruments launched in the last year, with the Pittcon 2007 Editors' Choice Silver Award for best new products. Paraytec took advantage of the ensuing global publicity to appoint a distributor network and raise its profile with key target markets including life sciences and biopharmaceutical organisations.

Professor David Goodall, founder and CSO of Paraytec, will represent the company during the competition rounds. For the 2007 Awards Ceremony, the stakes have been raised by the introduction of an 'Elevator Pitch' round. Nominated companies from the 12 UK regions will each present a 90-second pitch to a judging panel of highly experienced biotech and pharma individuals, chaired by Dr Ian Gibson, MP, who are charged with deciding which three companies go through to the semi-finals for each Award. Winners will be decided in a final round of 10 minute presentations.

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