The ERA Foundation will work with other investors – where possible – to provide early-stage funding. The Foundation is a Limited Partner in the MTIâs University Premier Fund (UPF).
UPF is the largest fund on a single academic institution has demonstrated ground breaking achievements with both its operational model and its investments.
The fund has allowed companies to address critical unmet market needs by making, managing and supporting investments in growing technology-based entrepreneurial businesses, primarily in the physical and life sciences sectors.
The bulk of the fund is applied to direct investment (in the range Â£0.5m – Â£3m) focusing on exciting high growth spin-outs from the University of Manchester, other universities (including Oxford) and spin-outs from blue-chip corporates.
The fund made investments in the areas of novel and nano materials, engineering, energy storage, energy management, PV, water, medical diagnostics and imaging, medical devices and materials, agrochemicals, metrology, printed electronics and IT hardware.
You can find at more about the UMIP Premier Fund (UPF) via the MTIâs University website.