Xelect has its origins in a leading aquaculture research group in fish physiology and genetics based at the University of St Andrews in Scotland. The company was founded by Professor Ian Johnston FRSE, former Director of the Scottish Oceans Institute, and Dr Tom Ashton with the support of follow-on funding from the Biotechnology & Biological Sciences Council to commercialise research on broodstock selection markers. By maintaining a strong focus on research and innovation Xelect has become a globally recognised brand in aquaculture genetics with more than 40 customers in 13 countries. Xelect has its headquarters in purpose build office and laboratory premises in the heart of the historic town of St Andrews with sales and development offices in Puerto Montt, Chile and Hong Kong. The major shareholders of the company are the founders, the University of St Andrews and EOS Technology Investment Ltd.