Creating investible founders and ventures
The University places importance on supporting academics through the process of research innovation.
This is evidenced through the University’s Enterprise Investment Fund (EIF), a significant annual fund which is dedicated to supporting entrepreneurial projects. Funding is available for staff to de-risk technologies developed at the University, ideally following validation via other internal Proof of Concept funds (e.g. UKRI Impact Acceleration Account (IAA) funding), and provide start-up investment to our spin-out companies.
Since 2018, the University has been part of a consortium of eight Universities in the Northern UK, called ‘North by NorthWest’, providing our academics with access to external accelerator programmes, such as the Innovate UK funded Innovation-to-Commercialisation of University Research (ICURe) Discovery and Explore schemes.
To date, over 70 of our academics have taken part, securing nearly £2.4m of Innovate UK funding and contributing to the formation of nine spin-outs, including SenseAI, PhenUtest (know known as Innotive Diagnostics), Plasma2X Ltd and ReNewVax.
The Enterprise Team also offers in-house training including:
‘Future Founders’ - a pioneering programme designed by the University of Liverpool to provide ongoing professional development and bespoke coaching that can help researchers make the transition from the academic to the start-up environment.
Commercially Curious - for those unfamiliar with research commercialisation. A 6-week programme providing insight into how your IP can generate impact.
“ICURe is a brilliant program designed very specifically to help young academics turn their research into commercialise products with high success rate. It helped us find the best management team to take this project forward. Innovate UK’s support has enabled Innotive Diagnostics to pursue the development of the fastest point-of-care diagnostics for Urinary Tract Infections.”