Edinburgh tech spinout aims to reduce analysis time for genetic data
Scientists at the University of Edinburgh have launched a spinout company that aims to revolutionise the handling of data by drastically reducing the time it takes to analyse millions of genetic records.
Omecu Ltd promises wide-ranging benefits in drug discovery and personalised medicine, while improving patient data security.
The company draws on three years of research led by Dr Oriol Canela-Xandri at the MRC Human Genetics Unit, within the University of Edinburgh’s Institute of Genetics and Cancer, and Dr Konrad Rawlik at the University’s Roslin Institute.
It has been launched with the support of Edinburgh Innovations, the university’s commercialisation service.
It is estimated that global human genomic data is doubling in size every seven months and may soon exceed other big data generators such as astronomy and the internet.
Genomics is the study of all of a person’s genes (the genome), including interactions of those genes with each other and with the person’s environment.
Although this data has the potential to “revolutionise medicine” and lead to new therapeutics and diagnostics, experts say these benefits rely on the ability to unlock clinically actionable knowledge from the data.
The obstacles to accessing such data can prevent valuable information being extracted, by making the process costly and time-consuming.
The Omecu team has developed a computation engine and web platform that will transform how genomic data is securely accessed and efficiently analysed.
They have been supported by Edinburgh Innovations since 2019. They participated in the Innovation to Commercialisation of University Research (ICURe) SETSquared programme in 2020 – a three to four month customer discovery programme designed using lean start-up methodology tools, and received funding from Medical Research Council grants and the university’s Data-Driven Entrepreneurship Seed Fund and Fast Track Mentor initiatives, supported by the Scottish Funding Council.
Omecu is co-founded by Dr Canela-Xandri and Dr Rawlik alongside chief executive Les Gaw, an experienced entrepreneur, investor and adviser to early-stage technology companies, who was introduced to the research team by Edinburgh Innovations.
They have recently been awarded £288,000 from Innovate UK, which will allow Omecu to refine its prototype and progress commercial engagement.
Dr Canela-Xandri, who is a chancellor’s fellow at the university, said: “Our ambition is to create a paradigm shift where disease experts without a computer science background are able to easily query fragmented data sets, while cutting costs and without requiring the data-holding organisation to expose the data itself.“Our recent funding awards mean we can now accelerate the development of our prototype and move towards a commercial product.”
Dr George Baxter, chief executive of Edinburgh Innovations, said: “Genomic data holds great promise for humanity, and the Omecu team have found a way to make it far easier for clinicians to make use of that data. We’re extremely proud to help researchers to launch a company with such potential.”
Professor Wendy Bickmore, director of the MRC Human Genetics Unit at the University of Edinburgh, added: “Having a rapid way to extract useful knowledge from large genomic datasets will accelerate new discoveries and new treatments for human disease.”
Why 2022 will be a significant year for digital learning
In 2022 the impact of technology in the classroom shows no sign of abating. The ‘pandemic years’ have proved critical in providing impetus for weaving and integrating powerful digital tools…
On the cyber horizon: predictions for 2022
As 2021 draws to a close, we see a world still challenged by Covid-19, necessitating new business models, new channels and a shift (perhaps for the long term) to remote…
Jude McCorry: “Focus on cyber strategy alone is not enough”
The number of cyber attacks has been on the rise since the start of the pandemic, with both international and domestic cyber criminals taking advantage of our increased reliance on…
Not a drop wasted: digital cask filling can save the whisky industry millions
Scotland’s food and drink sector is central to the country’s economy. Bringing in around £14 billion every year, it employs more than 115,000 people and accounts for one in five manufacturing…
The value of engineering in the curriculum
If you were to look back at the greatest discoveries in science and technology over the past 30 years, you would soon notice that engineering is a key catalyst for…
Glasgow Council leads the way in digital learning
In 2017, we at Glasgow City Council took the opportunity to overhaul our digital approach to education and redefine learning, keeping in mind the core aim of reducing the impact…
Why data is the new oil
In 2006, British mathematician Clive Humby coined the phrase, “Data is the new oil”. This analogy has been proven correct as data now powers entire industries and holds tremendous value…
Global Entrepreneurship Week offers chance to reset aspirations amid new innovation landscape
With the advent of Global Entrepreneurship Week, it is an opportunity for us to celebrate the innovators, the grassroots risk takers who drive the economy, and those who invest in…