A Bath CleanTech spin-out business will be vying for investment of £1.5m at a high-profile event aimed at shaping the tech investment landscape.
LabCycle will line up against 19 other firms at Investment Futures in London, which will also feature panel and roundtable discussions on a range of sector-related topics.
The event is being staged later this month by SETsquared, the world-class group of incubators backed by the University of Bath, following a successful debut last year.
LabCycle, which is seeking an investment of £1.5m, is on a mission to help research labs transit to a net zero future by building an infrastructure for sustainable research that aligns with the UN’s Sustainable development goals.
Every year 5.4m tonnes of single-use plastic waste is generated from biomedical labs worldwide.
Due to a lack of specialised recycling service, these plastics are sent to landfills in special bags or are incinerated.
LabCycle is the first company to recycle plastic waste from laboratories in a circular economy.
Investment Futures comes hot on the heels of SETsquared’s joint announcement of plans for a new £300m spin-out investment vehicle with QantX, the Bristol-based investment firm that backs high impact innovations. to catalyse the creation and growth of science and technology companies that are addressing global challenges.
SETsquared executive director Marty Reid said: “It’s fantastic to see another high-quality line-up of pitching companies for our Investment Futures event.
“Given our recent announcement of a spin-out investment vehicle, it’s encouraging that 30% of these ventures are spin-out companies.
“These are complemented by graduates of Innovate UK’s ICURe Programme, members of our world-leading business acceleration centres and our specialist sector support programmes.”
He said investors could be assured of the quality of the investment opportunities they will see at the event.
SETsquared was set up in 2002 by a small group of research-intensive universities in the South of England, including Bristol, with a mission is to help turn innovative sparks into a thriving, commercial businesses.
Since then it has been the launchpad for more than 5,000 innovators by providing them with a range of support programmes that help them develop, grow and attract investment and funding.
It has also supported its member companies to raise in excess of £5bn in investment.
Its six university partners – Bath, Bristol, Cardiff, Exeter, Southampton and Surrey – have a combined research portfolio of over £600m and together have created 230 spin-out companies.
Investment Futures takes place at the CodeNode event space in the City of London on 19 November.
