Monday, April 22, 2024

Northern Gritstone and Deeptech Labs form unique partnership

Northern Gritstone, the investment company focused on science and technology-enabled businesses in the North of England, and Deeptech Labs, the expert in turning breakthrough scientific advances into category defining companies, have formed a unique partnership.

The partnership – NG Studios powered by Deeptech Labs – will accelerate the creation of deeptech spinouts. Working closely with the universities of Leeds, Manchester and Sheffield, each university will identify early-stage spinouts to participate in a ten-week programme delivered by the new partnership.

The programme will provide bespoke venture-building activities covering strategy, operations, and capital-raising. It will also bring founders into the Deeptech Labs’ global ecosystem of technology entrepreneurs and investors to complement the universities’ own support and communities.

Duncan Johnson, CEO of Northern Gritstone, said: “Northern Gritstone’s three founding universities are highly regarded for nurturing technical talent and commercializing intellectual property through spinouts to create tomorrow’s world-class businesses.

“Innovation thrives when it is part of a collaborative and supportive ecosystem of talent and capital. NG Studios powered by Deeptech Labs will help accelerate the process by broadening access to the innovation ecosystem and helping academics test and develop their business strategies. We are delighted to partner with Deeptech Labs given their deeptech expertise”

Miles Kirby, CEO of Deeptech Labs, said: “We are delighted to partner with Northern Gritstone to support the commercialisation of the world-class research from the universities of Leeds, Manchester, and Sheffield.

“It represents a strategic expansion for Deeptech Labs to deliver on our goal of enabling breakthrough science to be commercialised at scale and to catalyse the deeptech ecosystem across the UK and Europe.”

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