University of Edinburgh Secures New Funding for R&D Spinouts
In the past, Edinburgh Innovations has been involved in the creation of the first speech-driven word processor and the miniaturisation of the digital camera.
The University of Edinburgh is hoping to further its position as a world leader for R&D tech projects with the signing of a new partnership with UK-based commercialisation firm Mercia Technologies. The deal will station a four-person Mercia team in the University’s tech transfer office Edinburgh Innovations, earmarking standout schemes and research for further funding.
Edinburgh Innovations already possesses a distinguished track record for project generation, helping launch 189 companies in the last five years alone. According to Mercia, these links with the business world made the University an attractive partner, as Mercia tries to connect with the ‘wider entrepreneurial ecosystem’ in Scotland for the first time.
George Baxter, Chief Executive of Edinburgh Innovations said: “University of Edinburgh has an exciting pipeline of technology coming from its internationally recognised research base.
“We are pleased to be working with Mercia which has a strong track record of supporting spinout activity and we see this partnership as an important part in University of Edinburgh’s mission to increase its role in local, regional and national innovation, such as the recently announced Edinburgh and South East Scotland City Region Deal.”
Mark Payton, Chief Executive of Mercia Technologies, said: “This is a further milestone for Mercia as we continue to expand our model of patiently supporting globally relevant opportunities with our managed funds before swiftly scaling via our balance sheet capital.
“I look forward to what I know will be a productive relationship as we build out our presence in Scotland and, in parallel, continue to support our 18 other key university partnerships across the Midlands, the North of England and Scotland.”