Mercia backs In-Part with a $435,000 investment as the company looks towards international expansion.
In-Part, a UK-based firm that matches university research and technology with company decision makers, has raised a £300,000 ($435,000) investment from technology investor Mercia Fund Management.
Mercia Fund Management focuses its investments on the north of England, the midlands and Scotland.
Founded in 2014, In-Part works with university technology transfer offices and businesses to match academic and corporate researchers to solve problems. The company launched with an initial six university and 25 company partners, and has since grown to 50 institutions and 400 corporations.
The funding from Mercia will be used by In-Part to continue its product development, hire additional staff and expand internationally.
Patrick Speedie, co-founder of In-Part, said: “We are extremely excited about moving into the next stage of In-Part’s development as we look to add additional features for both university and company users, as well as expanding into new international markets, and Mercia Fund Management represents an ideal investment partner to help evolve our system.”
