Lisburn woman in ovarian cancer diagnostic firm wins £50,000 at top innovation awards

A leading female researcher at Queen’s University commercial spin-out, GenoME Diagnostics, has won £50,000 and a mentoring and support package after being named a winner at Innovate UK’s Women in Innovation Awards.

Dr Shannon Beattie from Hillsborough is chief operating officer of GenoME Diagnostics — a spin out company from the Patrick G Johnston Centre in Queen’s University Belfast, established in 2020. It is built on over a decade of academic research, primarily by its three key founders Dr Mullan, Dr Beirne and Dr Feeney.

The business is using cutting-edge technology to develop a user-friendly, accurate and cost-effective diagnostic test for ovarian cancer, a disease often only ever detected in later stages.

GenoME Diagnostics’ lead product, OvaME, is the novel blood test for earlier and more accurate detection of ovarian cancer, specifically High Grade Serous Carcinoma (HGSC). It is currently undergoing the necessary validation for regulatory approval with the goal to enter the public health system as a disease monitoring tool.

HGSC is the most common and aggressive form of ovarian cancer, accounting for over 70% of cases, with early detection key for improved patient survival. However, the current ovarian cancer blood test CA125 is fraught with many well documented inaccuracies, being detectable in only half of all early stage ovarian cancers, and often elevated in other non-cancerous conditions. GenoME Diagnostics aims to combat these problems with its novel blood test.

To continue the firm’s innovative research and subsequent diagnostic tool, Dr Shannon Beattie has been awarded a Women in Innovation Award.

Innovate UK’s Women in Innovation awards celebrate female entrepreneurs from across the UK with exciting, innovative ideas and ambitious plans that will inspire others.

In 2022, 39 women across the UK have been recognised, receiving a support package of £50,000 as well as tailored mentoring and access to a network of like-minded women.

Dr Shannon Beattie, said: “I am delighted and honoured to be part of the Women in Innovation Awards this year and to shine a spotlight on the need for early disease detection and the fantastic potential of the technology GenoME Diagnostics is developing.

“In summary, our main aim with this project is to improve the chance of survival for all ovarian cancer patients, while reducing the number of women who get a false positive reading and reduce stress for those patients and strain on stretched healthcare services.

“The support package associated with the award is a great opportunity to develop what we are doing and hone my own skills in business and taking academic innovations to market. It will also be invaluable to not only me but the company as it scales and launches the product to market.”

The businesswoman said exposure from the award win will help raise the profile of the business as it looks to raise a subsequent round of funding to expand its diagnostic portfolio and she hopes to use the accolade to inspire others in her position.

She added: “I am so pleased to hopefully be able to use this platform to inspire other young people to take the leap with their innovative ideas and chase their dreams with it. Like many others I definitely suffer from imposter syndrome almost every day, but this award has been great for my confidence and provided me with a level of validation which I simply have never had before.

“It is great to see a lot of reports coming out this year about the increase in women founded start-ups, particularly young women with over 14,000 businesses held by 16–25-year-olds in the UK last year. And hopefully that is a trend that can continue to grow, and we can see some of these start-ups coming through programmes like this in the next few years.”

GenoME Diagnostics has attracted many awards over its lifetime including a 50,000EURO for being crowned All-Ireland Best New Start Company by the IntertradeIreland Seedcorn Investor Readiness Competition. They were also nominated this month as ‘Deal of the Year’ in the sub £2.5M category by Northern Ireland Dealmakers Awards.

In addition, the business recently secured a successful seed funding round supported by QUBIS, the commercialisation arm of Queen’s University, Deepbridge Capital and Co-Fund NI (managed by Clarendon Fund Managers) which is part of Invest Northern Ireland’s Access to Finance portfolio.

A message from the Editor:

Thank you for reading this story on our website. While I have your attention, I also have an important request to make of you.

In order for us to continue to provide high quality and trusted local news on this free-to-read site, I am asking you to also please purchase a copy of our newspaper whenever you are able to do so.

Our journalists are highly trained and our content is independently regulated by IPSO to some of the most rigorous standards in the world. But being your eyes and ears comes at a price. So we need your support more than ever to buy our newspapers during this crisis.

With the coronavirus lockdown having a major impact on many of our local valued advertisers - and consequently the advertising that we receive - we are more reliant than ever on you helping us to provide you with news and information by buying a copy of our newspaper when you can safely.

You can also enjoy unlimited access to the best news from across Northern Ireland and the UK by subscribing to newsletter.co.uk

With a digital subscription, you can read more than five articles, see fewer ads, enjoy faster load times, and get access to exclusive newsletters and content. Visit https://www.newsletter.co.uk/subscriptions now to sign up.

Thank you