{"id":33202,"date":"2021-04-26T15:47:50","date_gmt":"2021-04-26T14:47:50","guid":{"rendered":"https:\/\/www.sheffieldwire.co.uk\/?p=33202"},"modified":"2021-04-26T15:47:50","modified_gmt":"2021-04-26T14:47:50","slug":"northern-gritstone-top-northern-universities-come-together-to-launch-500-million-investment-fund","status":"publish","type":"post","link":"https:\/\/sheffieldwire.co.uk\/index.php\/2021\/04\/26\/northern-gritstone-top-northern-universities-come-together-to-launch-500-million-investment-fund\/","title":{"rendered":"Northern Gritstone: Top Northern universities come together to launch \u00a3500 million investment fund"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">A group of the country\u2019s &#8220;technological powerhouse&#8221; universities have launched a new investment company to support start-ups in the north of England.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The Universities of Sheffield, Leeds and Manchester have said they aim to raise up to \u00a3500 million to fund companies in the areas of manufacturing, health and life sciences, artificial intelligence, and data sciences.<\/span><\/p>\n<p><span class=\"s1\">Start-ups eligible for funding will either be businesses that were formed as spinouts from the university or companies with historical links to one of the three institutions.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u201cThe company aims to be a key part of the government\u2019s \u2018Build Back Better\u2019 levelling up agenda and \u2018<span class=\"s2\">Plan for Growth<\/span>\u2019 in the North,\u201d a statement from the University of Sheffield said.\u00a0<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Money will be raised through investment from \u201cstrategic corporate partners institutional investors and qualifying individuals\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Professor Dave Petley, Vice President for Innovation at the University of Sheffield said: \u201cNorthern Gritstone is the culmination of a great deal of hard work and collaboration between three of the country\u2019s leading research universities, but we are just at the beginning of a project that has immense potential for everyone, from investors to researchers.\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">If successful in raising its \u00a3500 million target, Northern Gritstone will be one of the largest dedicated investors into the commercialisation of university science and technology related Intellectual Property in the UK.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Jane Madeley, the University of Leeds\u2019 Chief Financial Officer, who will represent the University as a non-executive director on Northern Gritstone\u2019s board, said:\u00a0<\/span><span class=\"s1\">\u201cLeeds and our fellow founding universities are technological powerhouses, pursuing research and innovation that has the potential to help tackle some of the biggest challenges facing the world.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">&#8220;But a lack of capital investment has sometimes limited that capability \u2013 Northern Gritstone will go a long way to help release this pent-up potential.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A group of the country\u2019s &#8220;technological powerhouse&#8221; universities have launched a new investment company to support start-ups in the north of England. The Universities of Sheffield, Leeds and Manchester have said they aim to raise up to \u00a3500 million to fund companies in the areas of manufacturing, health and life sciences, artificial intelligence, and data [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":33218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[6],"tags":[],"class_list":["post-33202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Northern Gritstone: Top Northern universities come together to launch \u00a3500 million investment fund - Sheffield Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sheffieldwire.co.uk\/index.php\/2021\/04\/26\/northern-gritstone-top-northern-universities-come-together-to-launch-500-million-investment-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Northern Gritstone: Top Northern universities come together to launch \u00a3500 million investment fund - Sheffield Wire\" \/>\n<meta property=\"og:description\" content=\"A group of the country\u2019s &#8220;technological powerhouse&#8221; universities have launched a new investment company to support start-ups in the north of England. 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