University of Exeter joins expanding SETsquared partnership

The SETsquared Partnership, of which the University of Bath is a founder member, is one of the UK’s most successful and long running university enterprise collaborations. It is now being expanded by the addition of a new institution – the University of Exeter which will provide further impetus to the Partnership’s drive to create research led economic growth.

The partnership has a 10-year track record of achievement in developing routes to market for academic research, raising investment and creating jobs through its support for high tech, high growth early stage companies – both university spin-outs and from the wider community.

In terms of direct economic benefits, over the last five years, the Partnership has supported around 650 companies, helped raise more than £150m in capital and created over 1,000 new jobs.

Exeter already has solid links with Bristol and Bath. Its activity in climate change, functional materials, systems biology and translational medicine adds strength to the partnership’s research base.  Exeter also has strong networks and support facilities for high tech companies and will be proactive partners in SETsquared’s incubation and business creation agenda

Between them, the five SETsquared universities have nearly 7,500 academics and are jointly responsible for nearly nine per cent of the UK’s research budget.

Ron Humphreys Director of Bath Ventures said: “It is excellent news that the University of Exeter has now decided to become a member.  It produces outstanding research and is strongly engaged with its regional business community.

“We look forward to working together to bring further beneficial impact to the economy and wider society through our business support facilities and our combined research portfolio.

SETsquared also supports access to UK and US markets through international collaborations and seeks to promote the impact, economically and socially, of the research and enterprise activities of each of its institutions.

Late last year, it held a showcase of ground-breaking university research which had collectively resulted in creating new global industries worth billions of pounds as well as helping to save or improve the lives of people around the world.

This Changing Worlds event included six case studies from Bath and Universities & Science Minister, David Willetts, MP gave the keynote address, in which he referred to the importance of the featured activity by the Partnership.

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