NATO Innovation Fund Boosts Biosecurity with Portal Biotech Investment

NATO's Innovation Fund has injected capital into the biotechnology sector by announcing its first investment in Portal Biotech. The $35 million funding round aims to strengthen defences against biological threats with advanced protein sequencing technology.

The technology promises rapid detection and monitoring of potential threats, operating efficiently on-site with results in hours. CEO Andy Heron highlights its capabilities in pandemic prevention and precise pathogen detection. This innovation moves critical diagnostics out of specialized labs and into the field, providing immediate insights into new pathogens.

Portal Biotech anticipates that their portable equipment will extend beyond biosecurity to aid drug discovery and precision medicine. Investors backing this venture include notable entities like Earlybird Venture Capital and British Business Bank, as NATO continues its mission to bolster defense technologies.

(With inputs from agencies.)