Crowd backs Parkure seeking cure for Parkinson’s

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.

Lysimachos Zografos awarded an RSE Enterprise Fellowship. Picture:  Malcolm Cochrane
Lysimachos Zografos awarded an RSE Enterprise Fellowship. Picture: Malcolm Cochrane

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.

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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.”

Lysimachos Zografos awarded an RSE Enterprise Fellowship. Picture: Malcolm Cochrane

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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