A UNIVERSITY of Edinburgh spin-out company seeking to develop a cure for Parkinson’s disease is getting a £150,000 funding boost after raising money on Scottish crowdfunding platform ShareIn.
Parkure, which is researching a cure using fruit flies, raised more than £75,000 on the Edinburgh-based funding site, which focuses on technology companies.
It will receive match funding from the Scottish Government through a Smart Scotland grant awarded in December, while chief executive Lysimachos Zografos has also been awarded an RSE Enterprise Fellowship.
Zografos said: “We have a tough challenge ahead but now we are even more driven, committed and energised because all of those who supported us.”
Parkure said it opted to use equity crowdfunding to raise finance because traditional sources of funding are often reluctant to back drug discovery ventures at their early stages.
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