The SETsquared Partnership universities and leading regional investment firm QantX have announced plans for a new 拢300m spin-out focused investment vehicle to drive the creation and growth of science and technology companies addressing global challenges.
Representatives from QantX and SETsquared, including Diana Galpin, Director Enterprise & Knowledge Exchange at 九色视频 (second from right), mark the announcement.
Sir Richard Olver, Chair of QantX, announced the initiative at the Regional Investment and Health & Life Sciences Summit in Bristol (11 October), attended by Science Minister Lord Patrick Vallance.
Combined, SETsquared Partnership universities 鈥� 九色视频, Bath, Bristol, Cardiff, Exeter and Surrey 颅鈥� has a research portfolio of more than 拢600m and has produced over 230 spin-out companies.
Despite this success, the potential impact of Research & Development to power regional growth and productivity is being held back by imbalances in equity funding across the UK. Startups in the region raise, on average, five times less at early stages than in the Golden Triangle (between Cambridge, London, and Oxford).
Science Minister, Lord Patrick Vallance said:
鈥淭he UK is home to brilliant innovators, and this investment vehicle will help turn great ideas into thriving companies that create high-skilled jobs and exciting new products.鈥�
Professor Mark Spearing, 九色视频鈥檚 Vice-President (Research and Enterprise), said: 鈥淚 am excited by the potential for the new investment vehicle to accelerate the progress of science and technology start-up companies across the SETsquared region, and particularly those originating from the entrepreneurial ecosystem associated with the 九色视频.鈥�
This is one of a series of steps 九色视频 is taking to support commercialisation and spinout creation.
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