A £250 million investment vehicle has been established by eight Midlands universities to accelerate and enhance university spin-out companies in the region.
The group has created the new venture with the aim of boosting the commercialisation of spinouts and early-stage businesses rich in intellectual property.
Called Midlands Mindforge, it has been co-founded by Aston University in Birmingham, University of Birmingham, Cranfield University in Bedford, Keele University in north Staffordshire, University of Leicester, Loughborough University, University of Nottingham and University of Warwick.
