Mercia secures four new university partnerships

Mercia secures four new university partnerships

Mercia Technologies PLC, a Midlands-based leader in the creation, funding and commercialisation of technology businesses in the UK, has announced four new university partnerships in the North of England and Scotland.

The four new partnerships with Heriot-Watt University, Edinburgh Napier University, the University of St Andrews in Scotland and Sheffield Hallam University, will enhance Mercia’s ability to source promising investment opportunities in two of the group’s key target regions for expansion.

Mercia now has a network of 18 university partners with nine in the Midlands, four in the North of England and five in Scotland.

Each collaboration provides the group with access to a range of spin-out and early stage investment opportunities, allowing them to create shareholder value by nurturing and providing funding to innovative businesses from an early stage via its third party funds.

Mark Payton, chief executive officer of Mercia, said: "These new Scottish university partnerships via our office in Edinburgh, alongside our existing partners of Abertay and Strathclyde Universities reflect our strengthening presence in one of our target regions as we seek to become the go-to provider of finance for innovative Scottish companies.

“Meanwhile, following our recent acquisition of Enterprise Ventures, the partnership with Sheffield Hallam University will similarly continue to build our presence in the North of England alongside York, Liverpool and Liverpool John Moores universities.

“Providing approximately a third of all our investment activity, these additional partnerships support our continued ability to work with universities to identify investment opportunities."

 

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