Neuranics creates jobs with Scottish Enterprise help
Neuranics, a spin-out company from the University of Glasgow, has secured an £800,000 grant from Scottish Enterprise for a project that is creating jobs.
The key funding will support a £2.4 million programme aimed at transforming how humans interact with machines through innovative wristband technology.
The University and Scottish Enterprise are partners along with Glasgow City Council in the Glasgow Riverside Innovation District where they are working to accelerate innovation and economic benefits for the city and local communities.
This 18-month project will create 10 high-tech jobs at the company’s Glasgow headquarters and solidify Scotland’s position as a leader in wearable technology.
The wristbands will detect muscle activity and precise gestures and uses Neuranics’ patented magnetic sensors.
Initially targeting extended reality (XR) applications, the device will enable seamless gesture recognition for immersive digital experiences.
While initially focused on XR platforms, the wristband has potential in various industries.
In healthcare, it could improve prosthetic control through real-time rehabilitation feedback. In sports, the device may help athletes monitor muscle activity to optimise training.
The wristband unlocks huge possibilities for gaming and assistive technology, enabling hands-free control for improved accessibility, as well as facilitating natural, gesture-based interactions in virtual environments.
The £800,000 grant will drive research and development, creating new jobs and boosting Scotland’s tech and semiconductor industries.
By investing in innovative projects like this, Neuranics helps position Scotland as a leader in wearable technology.
Neuranics CEO Noel McKenna said: "This funding is a tremendous boost for our project. We are excited to explore how our technology can transform digital interactions and contribute to Scotland’s economic and technological landscape."
About Neuranics
Neuranics, a spin-out from the Universities of Glasgow and Edinburgh, specialises in high-precision magnetic sensor solutions.
The company leverages magnetomyography (MMG) technology to revolutionise human-machine interactions across sectors like healthcare, gaming, and XR.
About Scottish Enterprise
Scottish Enterprise (SE) is Scotland’s national economic development agency and a non-departmental public body of the Scottish Government.
It supports businesses to innovate and scale to transform the Scottish economy by focusing on new market opportunities through targeted investment, innovation, and internationalisation.