Labour MP for Oxford East and Shadow Treasury Minister Anneliese Dodds visited cutting-edge medical imaging company Mirada Medical in her constituency.
Mirada Medical develops some of the world’s most advanced medical imaging software for use in cancer care.
Dodds heard how the company, founded in 2001, is using artificial intelligence and deep learning technology to help cancer specialists to deliver faster and more accurate cancer treatment. She was interested to hear that Mirada’s technology is developed by a dedicated, Oxford-based team of world-class engineers and scientists.
The Shadow Minister was also welcomed by David Gudgin of Albion Capital, who have provided Mirada with substantial Venture Capital Trust (VCT) investment since 2008. This investment has allowed Mirada to invest in global expansion delivering advanced medical software products to over 2000 hospitals worldwide, with a particular focus on the US.
Hugh Bettesworth, Chief Executive of Mirada Medical, said:
“I am immensely proud of the contribution that Mirada continues to make – both to customers using our technology to improve patient outcomes, and to the local Oxford economy through the high-skilled jobs that we have created.
“This would have been impossible without the funding and support that we have received from Albion Capital through the Venture Capital Trust scheme.”
Anneliese Dodds MP said:
“I am impressed by the advanced imaging technology developed by Mirada, which I understand is making a real difference to clinicians fighting cancer.
“Mirada is a great success story in Oxford. As an MP, though, it’s clear that many innovative businesses, like Mirada, may struggle to access the finance they need to realise their goals. The Labour Party has repeatedly called for greater investment in science, research and innovation to ensure that the UK continues to lead the way in developing new world-class technologies and treatments.
A VCT managed by Albion Capital first invested in Mirada in 2008. David Gudgin from Albion also attended the visit on Friday, saying:
“Investing in young, innovative businesses like Mirada is the whole point of Venture Capital Trusts – providing them with the capital they are not able to get elsewhere.
“Albion is proud to have invested in Mirada, supporting its global expansion and exporting activity.
“We congratulate Mirada on their success, and look forward to supporting their growth in future.”