A possible new cancer drug which researchers believe could be up to 500 times more effective than existing treatments is one of 18 projects being funded by a Scottish Government scheme that aims to encourage innovation.

The new Proof of Concept fund will award cash to “groundbreaking research” being carried out at Scotland’s universities in a bid to help development into commercial projects.

With funding of £2.95m announced to help 18 projects, the Edinburgh University work to develop a new anti-cancer drug has received £125,000.

Other projects being funded include a laser system that can detect faults in aircraft engines in five minutes - some 25 minutes quicker than other tools - and a new radiation-free ultrasound to detect breast cancer which could be developed as an alternative to

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