North East Technology backs Clarizon with £615,000

The North East Technology Fund is managed by IP Group and will provide phased funding, beginning with £115,000. The remaining amount will be provided in two tranches in accordance with reaching predefined business objectives.

Clarizon was previously backed by the NorthStar Proof of Concept fund over a period of two years. In 2008, the company received £100,000 from the North East Equity Matching Fund (NEEMF) and further financial support from private investors. Clarizon has access to ongoing UK R&D funding provided by One NorthEast.

Company
Clarizon is a technology spinout of Newcastle University that concentrates on ozone generation. The company has patented a technology that could potentially replace the CCD (cold corona discharge) method that is predominantly used in ozone generation. Clarizon's method skips a step in the CCD process, which makes it more cost-efficient and deactivates chemical pollutants that arise during the process. The product will initially be targeted towards drinks line cleaning and sterilisation, surface and water sterilisation and other domestic and defence applications. Clarizon was founded in 2005 and is located on Newcastle University's campus.

People
Ian Wilson led the deal on behalf of IP Group. Clive Dyson is managing director of Clarizon.

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• Cleantech