IOP Business Awards

Novosound wins startup prize for pioneering sensor technology

Dave Hughes founder of Novosound

Novosound, the fast growing Scottish SME and developer of a ground-breaking technique to mass-manufacture printable ultrasound sensors, has received a prestigious award from its peers at the Institute of Physics.

The Business Start-up Award was made in recognition of Novosound’s innovative thin film processes and technologies to drive growth in the modern ultrasound sensor market, a market that has, until now, seen limited product innovation for over 40 years.

Novosound, which is based at Biocity, the biotech incubator located on the M8 just outside Glasgow, was the first spin-out company from the University of the West of Scotland raising £1.5 million at its seed investment round in April 2018 and, in July 2019, received a £1m grant from Scottish Enterprise as part of a £2m project to rapidly scale up the company’s R&D activity and recruit new, highly skilled staff.

Novosound is currently working on a Series A funding round which is expected to conclude later this year

The global ultrasonic market is now valued at $45 billion and growing at over 10% every year.

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