SetSquared affiliates together raised 34% more than the equivalent generated in 2017 in what was hailed as a stellar year for the program.

Member companies of the multi-university-backed SetSquared enterprise scheme together amassed £292m ($377m) of equity and grant funding during 2018, a 34% increase on the same metric for 2017.
The result continues a five-year streak of cumulative funding increases for SetSquared affiliates, and capped off a 2018 in which SetSquared topped global incubator rankings published by benchmarking firm UBI Global for a second time.
SetSquared is a partnership between the universities of Bath, Bristol, Exeter, Southampton and Surrey.
The scheme welcomed 946 entrepreneurs, researchers and students through its doors in 2018, with 378 of those signing up for its flagship Business Acceleration initiative for high-growth ventures, which provides mentoring, office space and investor introductions.
SetSquared offers a scheme modelled on similar lines for businesses looking to scale up, through which 50 innovators were able to access academic expertise and help preparing grant applications, as well as both…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.

Not sure if you have a subscription?