The Cambridge Enterprise Annual Review 2023 reveals another successful year as the University of Cambridge’s innovation arm.
Supporting University academics, researchers and innovators in the translation of Cambridge research to achieve social and economic impact, we have seen both growth in our existing areas and the introduction of new initiatives to further enhance the support available to University innovation.
In partnership with Cambridge Innovation Capital and the University of Cambridge, we continued the conversation on innovation across the Greater Cambridge area, to develop an innovation roadmap for Cambridge for the next decade and to inspire collaboration and action to take Cambridge to the next level of ambition. In October 2023, the Innovate Cambridge strategy was unveiled at an innovation summit with over 400 leaders in attendance, underpinned by a partnership with over 140 organisations, including industry giants like AstraZeneca and Microsoft.
Our collaborative efforts extend far beyond our city too. Cambridge Enterprise is committed to partnering with our peers to improve how Universities support innovation and commercialise research. This is best exemplified by our role as a founder and the host of TenU. A great example of a TenU collaboration is the University Spin-out Investment Terms (USIT) Guide. The USIT Guide heavily fed into the Independent Spin-out Review, conducted on behalf of the UK Government, published in November 2023. The review’s recommendations were accepted in full by UK Government, and widely welcomed by many leading organisations in the sector. The USIT Guide is now being actively used as a tool across three continents to support research commercialisation.
Throughout this year’s Annual Review, we have featured the stories of five of our portfolio companies to give you a sense of the impact that has been achieved in the past year.
Find out more about the impact that was achieved in 2023 by reading these stories and so much more in the Annual Review.