UCL Business Secures £7.5M in Seed Round to Drive Innovation and Growth

In a remarkable milestone for innovation and societal advancement, UCL Business Ltd (UCLB) has successfully raised £7.5 million, further solidifying its commitment to paving the way for groundbreaking technologies and business ventures. This funding comes as UCLB celebrates its 30th anniversary in 2023, a period marked by an impressive £1.5 billion in investments for UCL spinouts. By harnessing the exceptional ideas and advancements from UCL's renowned faculties and associated hospitals, UCLB continues to be a driving force in bridging academia and industry, and addressing pressing global challenges. The newly raised funds will be allocated across UCLB’s existing investment vehicles, including the UCL Technology Fund and the Social Ventures Fund, focusing on nurturing the next wave of technology-based businesses. This strategic infusion of capital not only seeks to enhance the commercialization of pioneering research but also to empower academic entrepreneurs in diverse fields like energy, healthcare, and environmental sustainability. As UCLB continues to champion innovation within a rapidly evolving ecosystem, this funding will serve as a crucial catalyst for emerging ventures determined to create real-world impact. For more details on UCLB’s initiatives and how it is transforming ideas into successful businesses, visit www.uclb.com or follow us on Twitter @UCL_Business.