ReNeuron, a life sciences firm currently based in Guildford, UK, is set to relocate to Cardiff’s tech cluster after a £13.8m ($21.2m) investment from the £100m Wales Life Sciences Fund (WLSF).
The funding is part of a wider financing package of £33m backed by a consortium of investors including venture firms Invesco and Abingworth. Aside from the relocation, the funds will be used to begin Phase II trials into ReNeuron’s stem cell technology.
As part of the deal, Sir Chris…
In 2020, Stellenbosch University launched Africa's first-ever university venture fund focused on spinouts — here's how it's reshaping the country.
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.
