Singapore-based Milltrust International has launched the British Innovation Fund, an initiative to direct capital into the U.K. University originated venture sector to commercialise Intellectual Property.
With a strong focus on agri science and technology, the The «British Innovation Fund» (Fund) will invest into two major university ventures on launch but has also identified total capacity of over 500 million pounds, which means the opportunity to increase its commitments will enable it to build a meaningful pool, and provide much needed capital to these companies.
According to Simon Hopkins, CEO of Milltrust International, the lead investment advisor, the Fund has already received the backing of a major U.K. Local Authority Pension Fund as well as a number of overseas sovereign wealth funds and institutions.
Brexit Uncertainties and Opportunities
With the Brexit vote still casting a shadow on funding for key science patents and technology coming from the leading U.K universities, the Fund has been established in direct response to these concerns.
«Recent concerns have been voiced that Brexit will jeopardise funding for the development and subsequent commercialisation of key science, patents and technologies coming out of the leading U.K. universities. The British Innovation Fund has been established in direct response to these concerns,» said Hopkins.
