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Bristol University among top in UK for spin-out investment deals

The University of Bristol ranked 3rd in a UK for attracting fairness funding for its spin-out corporations closing 12 months, a record has discovered.

Businesses based on the establishment secured 25 fairness offers valued at £266m in 2021, consistent with analysis from funding company Parkwalk and knowledge analysts Beauhurst.

Only the colleges of Oxford and Cambridge completed above Bristol on each phrases, with Oxford’s spin-outs cracking 57 offers price £743m and Cambridge’s ventures elevating £501m from 42 offers.

Bristol-based synthetic intelligence chip maker Graphcore landed the second-biggest funding deal of the 12 months, elevating £162m in what was once the company’s 7th investment spherical since its incorporation in 2016.

Ultraleap, some other Bristol spin-out that has evolved touchless era utilized by manufacturers together with PepsiCo and Lego, additionally raised £60m in a Series D funding investment spherical.

Cambridge corporate Forefront RF raised an preliminary £1.5m closing 12 months, in a spherical led by way of Bristol deep-tech fortify staff Science Creates, to advertisements cancellation era evolved on the college that redesigns radio frequency programs in wi-fi gadgets.

Bio-tech start-up CytoSeek additionally raised £3.5m to boost up the improvement of latest mobile remedies to regard cast tumours in most cancers sufferers.

Bristol’s spin outs are supported by way of the college’s Research and Enterprise Division to form and broaden the economic doable of era and give protection to highbrow assets.

Professor Michele Barbour, affiliate professional vice-chancellor for endeavor and innovation on the University of Bristol and founding father of dental and oral hygiene company Pertinax Pharma, stated: “I am delighted to see so much success for the University’s spin-out companies.

“As a company founder myself, I know how valuable it is to have a world-leading commercialisation team guiding a spinout from the laboratory to investment.”

Overall, the record discovered that 2021 was once a file 12 months for fairness investments in UK spin-out corporations, which secured a complete of £2.5bn of funding.

Henry Whorwood, co-author of the record, stated: “Spinouts make up most effective 0.03% of the United Kingdom’s enterprise inhabitants. But they get extra funding than moderate, and extra exits than moderate. It’s heartening to look file ranges of funding into spinouts this 12 months for the reason that highbrow assets those companies are commercialising has the possible to modify lives.”

Oxford Nanopore Technologies, spun out of the University of Oxford, achieved the biggest investment deal of 2021. The London-listed firm, which is developing DNA and RNA sequencing technology, raised £195m from investors including IP Group, Temasek and Nikon.

Top institutions by number of equity deals secured by their spinouts (2021) – according to Parkwalk and Beauhurst report

1. University of Oxford – 57

2. University of Cambridge – 42

3. University of Bristol – 25

4. Imperial College London – 22

5. = University of Edinburgh – 18

5. = Royal College of Art – 18

Top institutions by equity volume secured by their spinouts (2021) – according to Parkwalk and Beauhurst report

1. University of Oxford – £743m

2. University of Cambridge – £501m

3. University of Bristol – £266m

4. University of Dundee – £251m

5. King’s College London – £245m

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