---
title: Imperial contact, from leading edge technology to economic growth.
---

Enterprise news and events from Imperial College London including support for businesses and updates from our entrepreneurial ecosystem.

| Not displaying correctly? View in browser Imperial Enterprise – July newsletter  From leading edge technology to economic growth    Academic spinouts are key to unlocking economic growth. I’m delighted to report this month on some Imperial spinouts that are leading the way on using the UK’s world-leading science to create growth, jobs, and a healthier, flourishing society.    Major funding to develop cancer drugs   Myricx Bio, a spinout from Imperial and the Crick Institute, this month completed a massive £90 million Series A round – one of the largest ever for a European biotech startup – to develop new treatments for breast, lung and gastric cancers.     Building on decades of research into molecules that inhibit NMT, an enzyme that cancers use to stay alive, the investment is a vote of confidence by investors from Europe, the US and Australia in the quality of our institutions’ capacities for science and innovation. We hope that this investment could enable Myricx to deliver transformative new treatment options for cancer patients.    Transforming industrial chemistry   We also announced this month the formation of a joint venture with the German-headquartered global chemical company BASF.     We’re delighted to have BASF as a strategic partner on research to make chemical production more efficient and sustainable. The spinout, SOLVE, will use advanced hardware and software to help customers from the pharmaceutical and chemical industries optimise their manufacturing processes. It marks the first time that BASF has formed a spinout jointly with a university.     Assisted by significant public funding from UKRI to support collaborative research, the formation reflects a recognition by BASF of the excellent environment provided by the UK for innovation in chemistry, and we’re delighted they have chosen to work with Imperial on this pioneering venture.    Up-skilling venture capitalists   We offer a range of infrastructure and support to maximise the success of all our spinout companies, such as the Imperial Incubator, which has just celebrated its 18th birthday. And as part of our evolving offer, we are now offering the Science and Technology Venture Capital (VC) Fellowship.     This training programme from Imperial and the Royal Academy of Engineering, delivered through Imperial Projects, will help mid-level VCs gain the skills they need to identify high potential life sciences and deep tech startups, a high risk area of investment that requires specific kinds of specialist knowledge.    By bringing together a range of partners, our ecosystem is creating the innovators and investors who will build the blockbuster companies that deliver on the promise of our world-leading science base.  Best wishes,   Dr Simon Hepworth Co-Director of Enterprise (Commercialisation) Imperial College London News Myricx raises £90 million   A spinout from Imperial and the Crick Institute has completed a large Series A round to fund clinical development of a new type of cancer drug. Imperial and BASF form spinout   SOLVE is using helping to digitalise R&D in industrial chemistry. It is the first spinout the chemical company has formed with a university. Incubator turns eighteen   The Imperial Incubator, which houses a community of deep science startups, has celebrated its 18th birthday and its move to a new White City location. Support for VCs to spot deep tech   Imperial and the Royal Academy of Engineering have launched a training programme to help VCs spot the best life sciences and deep tech startups. Things we learnt about the future   How is technology shaped by culture – and how will the lives of today’s young people be shaped (or hamstrung) by choices made by past generations? Ghana startup links   Seven health and sustainability startups met with investors, alumni and fellow founders in Accra as part of the Venture Trek programme. Innovators lauded by RAEng   Imperial researchers and alumni have been recognised by the Royal Academy of Engineering for their innovative technologies. Sustainable protein centre   The Bezos Centre for Sustainable Protein will explore alternative food products that are sustainable, nutritious, affordable, and tasty.  Events AI startup showcase in Singapore   30 July, 18:30-20:30, Singapore   Join Imperial Global Singapore for an evening of innovation and networking with AI innovators and the Imperial Enterprise Lab team. NYC cleantech startup showcase   24 Sept, 18.30-21.00, New York   Founders will showcase solutions for a climate resilient future at an event hosted by Professor Mary Ryan, Vice-Provost for Research and Enterprise. The long read The long haul to Jet Zero Air travel has opened up our world. So how do we safeguard this opportunity for future generations? Contact us \| Our website \| X \| LinkedIn \| Subscribe   You have received this email because you subscribed to the Enterprise Newsletter or agreed to receive communications from Imperial Enterprise. This email was sent from enterprise@imperial.ac.uk Copyright © Imperial College London, All rights reserved. Imperial Enterprise, South Kensington, , London,SW7 2AZ,,United Kingdom, Unsubscribe Manage Preferences |
| --- |