Cardiff University has become the sixth university to join university-led start-up incubator the SETsquared Partnership.
Cardiff joins the universities of Bath, Bristol, Exeter, Southampton, and Surrey in the partnership, which was founded in 2002 and supports spin-outs, start-ups and scale-ups at its member universities across the south of England.
SETsquared has to date raised £2.72bn in investment, generated £8.6bn in economic impact and created 20,000 jobs.
Cardiff University has been ranked third in the UK for its track record in converting high-quality research into successful businesses, by Octopus Ventures’ Entrepreneurial Impact Ranking. It has collaborated with SETsquared since 2018 as part of a scale-up programme with Research England and the Higher Education Funding Council for Wales.
“This is an exciting development for SETsquared and I’m delighted that Cardiff has accepted the partnership’s invitation to join us in our future plans to accelerate the growth of our ecosystem, deliver greater impact, develop more entrepreneurial talent and support the development of our region’s economy,” said SETsquared chair, Dr Jon Hunt, executive director for research and enterprise at the University of Bristol.
Professor Colin Riordan, president and vice-chancellor of Cardiff University, said: “We are delighted at the prospect of joining a network that has been consistently ranked as the world’s number one university business incubator. We have a shared ethos: to generate positive impact and economic growth from our research activities, grow social prosperity and to give our enterprising students every support with their new business ideas.
“Our alignment with SETsquared coincides perfectly with our investment in the Cardiff Innovation Campus, where our own in-house incubation space – Cardiff Innovations@sbarc – will open this winter. It will add significantly to our existing innovation capacity at the Medicentre on Heath Park, helping us to build on our outstanding track record for turning research into real-world economic and social enterprises.”
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