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A biotechnology company that can etch a barcode on microparticles no longer than a hair’s width and then use them to tag molecules, with enormous implications for the development of new drugs and diagnostics, has won a national competition to begin operations in the US.

SmartBead Technologies from Cambridge believes the free space and management advice offered by the BioAccelerator Incubator in Fairfax County, Virginia, the technology gateway of the US east coast, will give its ground breaking technology a valuable foothold in a multibillion dollar market.

At the same time a company from Fairfax County, Enlightened Technologies, has won a reciprocal place in a UK incubator to continue the development of its devices to treat sleep disorders, depression and jet lag.

Enlightened Technologies chose the York Science Park as its preferred base from which to begin operations in the UK.

The unique “Touchdown” competition was...

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