Cambridge Innovation Capital (CIC), the VC firm investing in the UK’s highest-potential deep tech and life sciences companies, is committing at least £100m to invest in spinouts from the University of Cambridge.
Cambridge is at the forefront of innovation in deep tech and life sciences. Our new EIR programme will provide academics and researchers with access to the £100m we are committing to University of Cambridge spinouts as they continue to develop breakthrough technologies.
Andrew Williamson, Managing Partner, CIC,
The funding will seek to take advantage of the vast commercial potential in science and technology innovation developed by Cambridge researchers and follows a series of recent initiatives from the university designed to support entrepreneurial academics. These include plans for four million sq. ft of high-tech development at Cambridge West and a new Innovation Hub in central Cambridge to host spinouts, startups, and entrepreneurs.
Dr Diarmuid O’Brien, Pro-Vice-Chancellor for Innovation at the University of Cambridge, welcomed the investment that will help build on current success:
“In 2024, the University of Cambridge created more spinout companies than any other university. It has also produced the most unicorns of any European ecosystem and generates £23 billion in economic interest linked to research and commercialisation each year.”
