Edinburgh spin-out wins major European research funding
Sofant Technologies Ltd, a University of Edinburgh spin-out company, has just secured a multi-million pound European research award to commercialise a revolutionary ‘smart’ antenna for use in mobile devices.
The €1.97 million (£1.54 million) award from the Horizon 2020 SME Instrument programme allows Sofant to develop its smart antenna to meet substantial international demand for smart antenna technology, a rapidly growing market estimated to be worth more than $2.5 billion by 2020.
University of Edinburgh invests a further £6m in its own start-up and spin-outs
The University of Edinburgh has approved a £6m recapitalization of it’s in-house venture capital fund, Old College Capital (OCC), which provides growth and development finance into companies associated with the University.
The Fund was established in 2011, with support from the University and its Endowment, and works in partnership with investors who are interested in high growth potential businesses. Currently, the fund invests an average of £250,000 in each company, and adopts a ‘co-investment model’, working alongside venture capitalists, angel groups and corporate investors. OCC has an independent investment committee, and operates on a fully commercial basis.
University Investment Fund gives LIFi Spin-out a Brighter Future
Old College Capital (OCC), the venture investment arm of the University of Edinburgh, has recently participated in the investment round for University spin‐out company, pureLiFi Ltd.
OCC invested £250,000 in pureLiFi as part of a £1.5 million co‐investment with London & Scottish Investment Partners and the Scottish Investment Bank (SIB) in a deal, managed by Edinburgh‐based corporate finance firm Quest Corporate.
Investment in High Growth Potential
One of the main concerns of spin-out companies is financial support in periods of high growth.
As one of the UK leaders in commercialising research and promoting entrepreneurship,the University of Edinburgh has recognised an opportunity to invest in its spin-out…
Academic Success in Switch from Bench to Boardroom
The transition from academic to entrepreneur by Dr Ben Panter, the CEO of Blackford Analysis, is a prime example of the success that can be achieved through the University of Edinburgh’s spin-out process.