It becomes the fourth academic institution in the north of England to join the university spinout investor.
The University of Liverpool, located in the northwest of the UK, has partnered with Northern Gritstone, an investment company that provides equity financing to spinouts from academic institutions in the north of England.
The partnership gives Northern Gritstone preferred investor status to the university’s spinouts. It will also give the university access to the investor’s venture builder, NG Innovation Services.
The University of Liverpool’s commercialisation team has formed 24 spinouts over the past six years. These include PhenUtest, which tackles antimicrobial resistance, and ReNewVax, a developer of vaccines.
Liverpool is the fourth university to partner with Northern Gritstone. The original three partner universities are Manchester, Sheffield and Leeds. The combined four universities have an research income of £787m ($1bn), slightly more than the University of Oxford, one of the UK’s most prolific spinout creators.
