Oxford Sciences Innovation (OSI), University of Oxford’s venture fund, bought a stake on Friday in First Light Fusion, a UK-based nuclear fusion research spinout from Oxford and University College London (UCL).

OSI acquired the stake in a secondary transaction from VC firm Parkwalk Advisors, a university-focused fund manager acquired by IP Group in December 2016.

First Light Fusion is exploring whether vast quantities of electricity could be produced by engineering nuclear fusion from certain chemical compounds with the heat from…