Northern Gritstone – launch of new investment fund by Northern universities
Deadline for applications: 29th April 2022
The Universities of Leeds, Manchester and Sheffield are launching a new investment company to help boost the commercialisation of university spinouts and start-ups in the North of England.
The company, called Northern Gritstone, will fund spinout enterprises from each institution using external capital raised from a range of different investors. These businesses will either be newly formed spinouts or ones historically founded by or linked to the universities. The company also aims to be a key part of the Government’s ‘Build Back Better’ levelling up agenda and Plan for Growth in the North.
Northern Gritstone will provide funding for a diverse range of companies across areas such as advanced materials and manufacturing, health and life sciences, artificial intelligence, and data sciences.
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