Boris launches London tech start-up fund
The mayor’s office says the fund is expected to help over 150 small businesses over the next three years, creating up to 2,600 new jobs. The £85 million pot will recieve £25 million from the mayor’s office through its ‘Growing Places Fund’, as well as up to £60 million from the private sector. The fund is intended […]
University of Leicester plans to raise £10 million for endowment fund
The University of Leicester has established a new endowment fund to provide vital support for the institution in the 21st century and beyond. The Leicester Endowment Fund was launched by President and Vice-Chancellor Professor Paul Boyle with two generous gifts from alumni supporters Paul Rivlin and David Barry at the University’s House of Lords Reception. […]
Multi-million pound fund to boost UK university spin-outs and research
Research from universities across the South of England could be commercialised and turned into successful business faster than ever before, thanks to a multi-million pound project announced today [November 26] by Minster for Universities and Science, Greg Clark MP. Funded by HEFCE and Innovate UK, the £3.2 million iCURE project aims to ‘bridge the valley […]
Ireland: Technology’s path from academia to commercial world needs paving
Overcoming red tape. Low returns on state investment. Conflicts of interest between industry and academia. Sound familiar? Approximately 5 per cent of university-generated technologies in the US get licensed. Public universities are under pressure to improve this figure.But this poses its own problem: a crisis of identity. Just how commercially driven should any university be? […]
Caerphilly start-up nudjed first company to get backing from the £7.5m Wales Technology Seed Fund
A start-up technology firm providing a personalised online health and wellbeing platform aimed at busy executives is the first company to receive backing from the Wales Technology Seed Fund. Nudjed has received a £125,000 equity investment from the fund, which is managed by Finance Wales on behalf of the Welsh Government. Based in Caerphllly the […]
First university start-up investments selected by funder techstart Northern Ireland
stablished by Invest Northern Ireland as part of its Access to Finance strategy, techstart NI is providing support for early stage technology businesses and university spin-outs. The businesses, Inflyte and Brewbot, have received over £300,000 between them aspart of a £23.6million initiative is made up of a £13m SME equity fund, two university funds of […]
University of Oxford Isis Fund Makes First Investments
The £1.25 million University of Oxford Isis Fund, set up by Parkwalk Advisors and Isis Innovation in February, has made its first investments in medical device spin-out Oxtex and in Brainomix, a start up from the Isis Software Incubator which is developing software to improve stroke diagnosis. Brainomix is pioneering a system which puts the […]
Cambridge University breaks investment record with £2.7 million in investments
The University of Cambridge is raising a third enterprise fund this month having broken its early stage investment record for a second year running, approving nine seed fund investments for a total of £2.7 million – an increase on the £2.3m invested in 2012/13. Cash raised from its portfolio is being recycled in an exciting […]
Aston University spin-out funded £230,00 by Mercia Capital
Aston EyeTech has developed software that supports optometrists with diagnosis, selling optical products and conducting clinical trials. Mercia Fund Management has agreed to invest £230,000 in the first instance.
University College, Cork start-up gets $30,000 in venture funding
A synthetic biology start-up formed by UCC students has been awarded $30,000 in venture capital funding. The start-up, named Benthic Labs, includes students of genetics, biochemistry, and biomedical science.