County Durham-based Analytical NanoTechnologies (ANTnano) will use the funding to develop chemical detection technology to identify the presence of airborne bird flu, according to the North East Journal.
The firm, which is a spin-out business from Sunderland University, is channelling increased amounts of funding into the project.
It has raised more than £100,000 by signing a distribution deal with Manchester-based company Microarray.
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In addition, the enterprise also signed a research agreement with Nanyang Technology University in Singapore last year and received investment from a Singapore venture capital fund.
Allan Syms, ANTnano chief executive, told the newspaper: "We are in a part of the world that is doing all it can to prevent any future outbreak of bird flu, so we expect our revenues to look much healthier over the coming years as the product becomes more commercialised.
The company, which specialises in developing technology to analyse airborne enzyme concentrations, claims its products have applications in security, medical and manufacturing activities.
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