UK-based medical coatings firm Ai2 has raised £1.75m ($2.7m) from venture capital firms MTI and Spark Impact.
MTI will invest £950,000 while Spark will provide the remainder to Ai2, which is based in a University of Manchester laboratory.
MTI manages the £32m UMIP Premier Fund investing with spin-outs from the University of Manchester, while Spark manages the £25m North West Fund for Biomedical, part of the state-backed £185m North West Fund.
In 2010, Ai2 signed its first major license deal…
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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.
