UK - Tate & Lyle Ventures makes first investment

Tate & Lyle Ventures, a fund launched with backing from the sugar refiner and ingredients producer to invest in next generation food ingredients, has completed its first deal. The fund has invested in food safety diagnostics company Lumora Ltd, a spin-out from Cambridge University. Lumora has developed a revolutionary DNA-based test that will identify and measure specific food borne pathogens within a matter of hours. The Lumora test is extremely rapid, highly sensitive and, importantly for the food sector, cost effective and easy to use. Lumoraт€™s system will enable food companies to bring real-time testing in-house rather than sending samples out to specialist external laboratories.