New Report Highlights Strengths & Opportunities for Innovation

October 12, 2022

New Report Highlights Strengths & Opportunities for Innovation

An independent report from innovation and investment consultancy firm, Beauhurst, reveals how the University of Warwick is helping to drive the West Midlands’ position as a powerhouse for innovation, which is in turn supporting growth in the local economy.

The report indicates that businesses within the Warwick Innovation District (WID) – an innovation ecosystem that brings together academics, businesses, founders, investors and business growth programmes – have raised £35.8m of equity investment in 2021 alone.

In total, since its launch in 2020, the WID has helped businesses raise over £100m in investment, with over 700 businesses started or supported. For example, NanoSyrinx, a University of Warwick spin-out specialising in discovery stage biotechnology, recently received a £6.2m investment from Octopus Ventures and an existing investor, M Ventures, through the framework of the WID.

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