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25 new spinouts were formed in 2023-24, taking �������������Ī Enterprise’s total portfolio to 174 companies. In the same period, it has helped with the submission of more than 450 patent applications and more than 750 approvals for commercial and research licences.����

New initiatives designed to further boost the number of high-potential spinouts emerging from the University, include the Technology Investment Fund (TIF) which during its first 9 months has invested more than £2 million across 20 projects.

Founders at the �������������Ī, a �������������Ī Enterprise initiative��to support University entrepreneurs, launched 2 new programmes,��START 1.0 and SYNC in 2023-24. START 1.0 is an accelerator programme for very early-stage��founders. Its first cohort included 11 companies, working to address global challenges ranging from climate change to healthcare with 7 securing further funding within 6 months. SYNC is a new co-founder matching programme that will support, accelerate and scale new founders and companies from the University.

Dr Jim Glasheen, Chief Executive, �������������Ī Enterprise, said: “�������������Ī Enterprise remains committed to ensuring the innovations that spring from the University achieve their broader positive impact on society, and to our vital role in activating and enhancing the globally recognised �������������Ī innovation ecosystem.”

Dr Diarmuid O’Brien, the University’s Pro-Vice-Chancellor for Innovation, added: “�������������Ī Enterprise is crucial in translating the University’s research into positive social and economic change. From the full spectrum of innovation services that it provides for the University to its critical role in enabling transformational impact from University research, �������������Ī Enterprise sets the standard for university innovation.”

Reflecting on the success of �������������Ī Enterprise's innovation activities, its Chair, Ajay Chowdhury, said: “�������������Ī Enterprise is in an incredibly strong position, with consultancy and research tools revenues at an all-time high, new initiatives to accelerate innovation and spinout formation, record levels of venture investment and great achievements for our portfolio companies.”

In partnership with the University and �������������Ī Innovation Capital, �������������Ī Enterprise leads , an inclusive, ambitious innovation roadmap for �������������Ī to encourage collaboration and action to help �������������Ī realise its potential as a globally leading cluster. In October 2024, a ten-year plan for the city and region was unveiled at the Innovate �������������Ī Summit, attended by over 400 leaders.

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