Qadex feasts on iNet investment
A Leicestershire-based software company has received a £10,000 investment from the Food and Drink iNet. Qadex, which has created a system to help food manufacturers sport potential allergens in their products, has already signed up customers including Britvic and Whitworths.
The Qadex system uses software to help food manufacturers gather information about their products and their supply chains, so they can assess any risk of allergens.
To develop the software, Qadex was awarded £10,000 worth of advice and guidance from the iNet which it matched with its own investment.
The success of the software has helped enable the business to grow significantly. Last year its turnover doubled in size and similar growth is anticipated this year. The number of employees has more than doubled to 32 and, as a result, Qadex relocated last year from central Leicester to Sileby. It also has a base in Dublin.
Stephen Whyte, business development director for Qadex, said: “It is becoming increasingly important for manufacturers to get really accurate information about any potential allergen risks and to be able to pass this on to the retailers and so the consumers.”
Other Qadex clients using the system include First Milk, Rectory Foods and Maximuscle.
The iNet supports food and drink companies from academia, research institutions and specialist business advice for innovation projects to develop new ideas and products. It is funded by the East Midlands Development Agency (Emda) and the European Regional Development Fund (ERDF).
