The Development Bank of Wales has taken an equity stake in Cardiff-based Llusern Scientific as part of a substantial six-figure funding round that is helping the University of South Wales spinout to commercialise its testing for Urinary Tract Infections (UTIs).

Llusern Scientific is one of six University spinouts that have collectively secured £1.7 million in equity funding from the Development Bank of Wales to date in 2024 as the Bank focusses on boosting innovation in Wales. The others include Swansea-based Corryn Biotechnologies and Grove Nanomaterials along with Awen Oncology, a spin-out of Bangor University and Cardiff University. Cardiff Metropolitan University spinout Kaydiar and Cardiff University spinout Optimise.ai have also had equity investments.