Academic spinouts

A report on how the UK’s academic spinouts are funded

What’s inside?

Investment levels


Equity investment into academic spinouts is at an all-time high – more than £1bn raised in 2017 alone. 



Companies in the golden triangle saw the most investment, but other areas performed unexpectedly well.



How much do spinouts receive via grants, and which technology sectors receive the most grant funding?



Both equity and grant finance are regionally concentrated. We look at every region in the UK.

Our reports are read by organisations including:

The key findings from this report

2017 grants into spinouts

£ m

2017 investment into spinouts

£ m

growth stage valuation vs non-spinouts

- 47 %

Investment into materials spinouts

£ m

female-founded spinouts funded

3 %

PE/VC funds backing spinouts, 2016

30 %

About the authors

henry whorwood

Henry leads Beauhurst’s research and consultancy, and is an expert on equity finance and high-growth business. He has worked on briefs for clients including Barclays, Syndicate Room, Innovate UK, Smith & Williamson and the British Business Bank. Henry regularly gives presentations on finance and market trends at events around the country. Henry studied Classics at the University of Oxford.

Ella halmari

Ella is a visual design and data analysis specialist. She is an expert in data visualisation and content creation, playing a lead role in analysis and production of Beauhurst’s data-driven publications and brand communications. Ella holds a post-graduate diploma in Visual Communication from UAL and the IMC qualification from the CFA Society.

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