According to what News knows, Lord O’Neill, the former chief economist of Goldman Sachs and member of David Cameron’s administration, will use Thursday’s event at London’s Mansion House to defend university spinouts as a legitimate new asset class.
Joining forces with Cambridge Innovation Capital (CIC), Oxford Science Enterprises (OSE), and Northern Gritstone, which Lord O’Neill chairs, will jointly host the summit. Hundreds of investors from corporate venture funds, pension funds, and global asset managers are anticipated to participate.
Although he will contend that any such help should be contingent upon the development of viable frameworks for investors, Lord O’Neill is anticipated to push for government support to develop a stronger environment for the university spinout sector.
Since its start in 2022, Northern Gritstone has invested in hundreds of enterprises founded by academics from colleges in locations such as Leeds, Manchester, and Sheffield.
