OXFORD, England, July 7, 2016 /PRNewswire/ --
Oxitec is delighted to have been named Social Impact Investment of the Year at the UK Business Angels Association (UKBAA) Angel Investment Awards 2016. The award recognises companies that aim to achieve significant social impact as a core part of their business model and acknowledges the key role of the investors who support them. Through its innovative biological approach to suppress harmful mosquitoes that spread disease and insect pests that damage crops, Oxitec is tackling enormous burdens placed on society in an environmentally-responsible manner.
Hadyn Parry, Chief Executive Officer of Oxitec, said, "It is an honour to have received this award from the UK Business Angels Association. Oxitec has benefitted greatly from investor support since our spinout from the University of Oxford in 2002. This backing has been instrumental in allowing us to develop new, environmentally-friendly methods of controlling insect pests that destroy crops and spread disease. I hope that the UKBAA awards encourage further investment in UK entrepreneurs."
Oxitec was nominated for the award by Oxford Capital, its key long-term investor from the company's spinout in 2002 until its acquisition by Intrexon Corporation in 2015.
For more details on the awards, visit: http://ukbaa-awards.uk/
Oxitec is a pioneer in using genetic engineering to control insect pests that spread disease and damage crops, and was founded in 2002 as a spinout from Oxford University (UK). Oxitec is a subsidiary of Intrexon Corporation (NYSE: XON), which engineers biology to help solve some of the world's biggest problems. Follow us on Twitter at @Oxitec.
SOURCE Oxitec Ltd