New Independent Report Highlights Strengths & Opportunities for Innovation in West Midlands

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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