University and public research institutes (PRI) make up a sector that prides itself on the use of data and insights to drive the scientific process.

The process of knowledge or technology transfer from universities and PRIs has been well covered and followed for decades, including by the prestigious Association of University Technology Managers (AUTM) in the US, ASTP-Proton in Europe, Praxis-Unico in the UK and the United Nations-led Asian and Pacific Centre for Transfer of Technology, while Sweden-based UBI Global has successfully started tracking university incubators and accelerators around the world this decade.

But the venture capital used to turn this knowledge into companies has…