Northern Gritstone, the investment company focused on science and tech businesses in the North of England, and Deeptech Labs, the expert in turning breakthrough scientific advances into functioning companies, have announced the launch of NG Studios, a new partnership with the universities of Leeds, Manchester and Sheffield to accelerate the creation of deeptech spinouts.
Northern Gritstone and Deeptech Labs will work closely with each university to identify early-stage spinouts to participate in a ten-week programme that establishes the foundations of growth for. This is achieved through bespoke venture-building activities covering strategy, operations, and capital-raising. The programme will bring founders into the Deeptech Labs’ global ecosystem of technology entrepreneurs and investors and complements the universities’ own support and communities.
Duncan Johnson, CEO of Northern Gritstone, said: “Innovation thrives when it is part of a collaborative and supportive ecosystem of talent and capital. NG Studios powered by Deeptech Labs will help accelerate the process by broadening access to the innovation ecosystem and helping academics test and develop their business strategies. We are delighted to partner with Deeptech Labs given their deeptech expertise”
Miles Kirby, CEO of Deeptech Labs said: “We are delighted to partner with Northern Gritstone to support the commercialisation of the world-class research from the universities of Leeds, Manchester, and Sheffield. It represents a strategic expansion for Deeptech Labs to deliver on our goal of enabling breakthrough science to be commercialised at scale and to catalyse the deeptech ecosystem across the UK and Europe.”
Andy Hogben, head of commercialisation at the University of Sheffield, added: “The University of Sheffield’s Commercialisation Journey offers wrap-around support to Innovators and Founders as they explore, develop, and launch cutting-edge technology-driven enterprises with a global vision. This new collaboration between the University, DTL, and NG marks a significant milestone in enrichment of the Northern Triangle environment as the ecosystem grows to further support Founders to scale their businesses”
