Woodford Patient Capital Trust, an £800m ($1.2bn) fund aimed at university spinouts and technology startups, is set to issue 80 million new shares, The Telegraph reported yesterday.
The trust has been trading for three months, and has already invested three quarters of the cash raised from its flotation. It had originally hoped to raise £200m, but increased that amount first to £500m and then £800m.
The decision to issue more shares has led to a 3% drop in value, however…
The University of Kentucky has formed an industry-university partnership to advance aspects such as sustainable agriculture in the whiskey distilling industry.
The £40m recently allocated by the UK government to proving university research is commercially viable shouldn't just benefit Oxford, Cambridge and London say sector pundits.
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.
