Cambridge University breaks its own seed funding record for the third year in a row, investing $5.5m last year.
Cambridge University invested £3.8m ($5.5m) in seed-stage companies last year, breaking its investment record for the third year in a row.
The university made a total of 13 investments in the 2014 – 2015 year, an increase of £600,000 on its investments in the 2013 – 2014 year.
Investments were made through the University of Cambridge Enterprise fund, the Enterprise Investment Scheme, the Seed Enterprise Investment Scheme fund and two evergreen seed funds managed by the institution’s commercialisation arm, Cambridge Enterprise.
Nigel Slater, pro-vice-chancellor for enterprise and regional affairs, said: “This record year for the Cambridge University seed funds is particularly pleasing since it underscores the immense emphasis that the university places on innovation for the benefit of society across a wide range of scientific and technical endeavours.”
