Cambridge has been named the UK’s most “investible” hub for science, in line with a brand new report from Beauhurst, Cambridge Enterprise, Innovate Cambridge and Cambridge Innovation Capital.
In keeping with new analysis, early-stage life sciences and deep tech corporations from Cambridge have raised £7.9bn since 2015, with worldwide buyers now concerned in nearly 40% of offers – up from 7% a decade in the past.
The British authorities has positioned Cambridge as a key hub for its ambitions to realize science and technology-driven financial progress.
“Cambridge is without doubt one of the world’s most fertile grounds for innovation to take root, and blossom into alternatives for funding, job creation, and progress in fields starting from life sciences to deep tech,” mentioned Science Minister Lord Vallance.
“As spectacular as these figures are, there may be nonetheless extra potential right here for us to unleash. That is exactly why we’re backing the Cambridge Innovation Hub, as a part of our programme of labor throughout authorities to spice up all the Oxford to Cambridge Progress Hall, and fulfil its promise as an financial engine the entire nation advantages from.”
The federal government has dedicated £15m in cornerstone funding for the Cambridge Innovation Hub, a brand new website designed to deliver collectively lecturers, scientists, entrepreneurs and buyers.
“Quick-tracking the Innovation Hub will assist drive UK progress. It would join entrepreneurs, buyers, corporates, and our world-class researchers,” mentioned Professor Deborah Prentice, vice-chancellor of the College of Cambridge.
“It would shortly change into Europe’s main vacation spot for early-stage deep tech and life sciences corporations, and means Cambridge will proceed to be a worldwide chief in analysis and innovation. The world is coming to Cambridge for science. Authorities help implies that work will now begin at tempo to make the Innovation Hub a actuality.”
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