Imperial to raise £140 million
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Imperial Innovations is to raise £140 million on AIM to invest in spin-outs from other universities.
Technology investment firm Imperial Innovations is to raise £140 million on AIM to invest in spin-outs from other universities, as well as to increase the size and range of its investments.
Martin Knight, chairman of Imperial Innovations, comments: ‘The funds will also enable us, through enhanced collaboration, to make investments in companies founded by or based on technologies from the universities of Oxford and Cambridge and University College London, using the successful platform we have built to commercialise intellectual property from Imperial College London.’
London-based Imperial Innovations invests in companies that have developed from Imperial College London, which are based on the university’s scientific research. Its investments are primarily focused on early-stage technology and healthcare businesses.
The rights issue is to be underwritten by JP Morgan Cazenove.