GMC Life Sciences Fund Makes Further Seed Investments in universities
Catapult Ventures, managers of the GM&C Life Sciences Fund, has announced that it has completed two new seed investments. The Fund completed a seed investment into sensor technology developer Kanichi Research in August and in September, it completed the seed funding of Virustatic, which develops anti-microbial materials. The GM&C Life Sciences Fund makes initial investments […]
£75m raised in technology start-up investment by Cambridge University
A capital investment fund company, founded by Cambridge University in partnership with other investors, has raised capital of £75 million in anticipation of an IPO flotation. This is a major success story for continuing investment into technology and healthcare innovative startups in the Cambridge region. The IPO was oversubscribed, a sure sign of the strong […]
Cambridge university start-up fund raises £75m ahead of IPO
The university founded CIC in 2013 with an original £50m investment, which came from its own funds as well as outside investors including Lansdowne Partners, one of the largest hedge funds in London, and Arm Holdings, the technology group. The £75m of cash raised ahead of an expected IPO was oversubscribed, said Victor Christou, CIC’s […]
€1m made available for two new Enterprise Ireland start-up funds
Enterprise Ireland’s investments into Ireland-based start-ups show no signs of slowing, with two new funds totalling €1m to come on stream soon. Starting tomorrow (24 August), start-ups operating in fields such as games, apps, mobile, SaaS, cloud, enterprise software, life sciences, food, cleantech and industrial products are welcomed to apply for the funds Funding The […]
Innovation Birmingham Announces Strategic Partnership With Crowdcube
On Monday, Innovation Birmingham announced it formed a strategic partnership with equity crowdfunding platform Crowdcube as a way to encourage successful fundraising efforts for startups and early stage businesses. This announcement comes just after the completion of Innovation Birmingham’s iCentrum building and the launch of Serendip Smart City Incubator, which is described as a program that co-locates […]
Avacta Group and Leeds University secure £3.8m fund to develop new diagnostic tests
Avacta Group plc, the science-led healthcare supplier, has announce that a collaborative programme with Leeds University has been awarded a £3.8m grant by the Medical Research Council. The Wetherby-based supplier of Affimer biotherapeutics and research reagents, will use the grant to develop novel, rapid diagnostic tools incorporating Affimer reagents, to differentiate between viral and bacterial […]
Third €100,000 Malta Seed Fund enables start-ups to take off
The Ministry for the Economy, Investment and Small Business today handed out funds at this year’s €100,000 Seed Fund Award during a ceremony which was presided over by the Rector of the University of Malta, Prof. Alfred J. Vella. This year’s €100,000 TAKEOFF Seed Fund Award will benefit 9 researchers and entrepreneurs to help them […]
London start-up scene weighs threat of British Techxit
Britain’s tech start-up scene was having a bumper year in terms of new company creation, fresh funding and acquisitions by global tech players before voters decided to leave the European Union in Thursday’s referendum. Now high-profile companies are threatening to pull out or slow down plans to enter the UK market, international employees are second-guessing […]
State-backed German startup investment vehicle plans new €300M fund
High-Tech Gründerfonds (HTGF), a seed investor backed by the German government, has revealed plans to raise €300 million ($341 million) for its third fund. The money is intended to enable HTGF to continue the startup-backing remit that has already seen it help 440 companies get off the ground. Life sciences is one of several fields […]
Neil Woodford plugs £11.6m into start-up investor Imperial Innovations
Neil Woodford has added £11.6m to his stake in Imperial Innovations, a technology company that invests in start-ups ranging from payment apps to new drug treatments, underlining the respected fund manager’s confidence in British science research. The purchase boosts Woodford Investment Management’s existing 19.9pc holding in Imperial by nearly 2pc, and comes after the technology company placed £100m of new shares […]