The Lachesis Fund invests in spin out companies emerging from our partner Universities (De Montfort University, University of Derby, Loughborough University, University of Leicester, University of Lincoln, University of Northampton, University of Nottingham and Nottingham Trent University). Investments range in size from £25K to £250K.
Lachesis is a £10M fund, seeking to fill the 'seed-corn' funding gap that exists for very early technologies in the higher education sector and is part-financed by the European Regional Development Fund.
Investments from the fund will help the commercialisation of promising University research by starting a new business, levering in co-investment and furthering the enterprise culture within the partner institutions.
Investments support projects in various ways: securing of commercial staff, enhancing and verifying intellectual property, prototype development, market research and business plan preparation.
The Lachesis fund invests in projects where it sees the potential for financial return. It is not a grant funder.
T: +44 (0)1509 228688