Activiomics, a life sciences firm spun out from Queen Mary University of London, has been acquired by virology research company Retroscreen Virology Group for £4m ($6.7m).
Retroscreeen, itself a spin-out from Queen Mary incorporated in 1988, is also issuing up to £4m in new ordinary shares at 5p per share to support the deal.
The acquisition is part of a strategy to build Retroscreen’s testing and data analytical capabilities, supported by a £25.5m venture round last year. The UK-based firm…
Universities are having an increasingly big impact on startup ecosystems through funds — here's how GUV plans to measure it and why we won't look at individual founders.
The fund is part of a broader plan to create an innovation and startup cluster in the Italian city of Milan.
Hopes are lifting that increased pension investment will encourage late-stage startups to stay in the country and even seek to list on the London Stock Exchange.
Global University Venturing (GUV) is where tech transfer, academic and investment experts meet to explore the latest ideas and technologies driving innovation forward. We drive the discussions and share best practices that are critical to the success of spinouts, scaleouts and innovation programmes. Our aim is to help improve the processes of bringing innovations from academia to global markets and facilitate their integration into the broader business ecosystem.
