We focus on technology companies based in the UK, which has a reputation for world-class research with 70 Nobel Prizes won by UK scientists and four UK universities - Oxford University, Cambridge University, Imperial College London and University College London - ranked in the top 6 worldwide with research income of over £1.4bn per annum.
The company is affiliated with Midven, a successful venture capital fund manager authorized and regulated by the UK Financial Conduct Authority with a track record of 13 successful exits in the last 6 years generating an average cash multiple return of approx. 6 times, and many more prior to this.
Midven operates five funds, including the Rainbow Seed Fund which it was selected by the Department of Business Innovation and Skills to manage when it was established in 2001 with UK government investment to fund the commercialisation of technology developed across the UK publicly funded research establishments.
Harwell Capital works with Midven to identify the most attractive opportunities meeting its investment criteria amongst the more than 80 companies in Midven’s portfolio. In addition, Midven has dedicated resources focussed on identifying attractive technology companies from across the UK through its own long established networks.
We also identify technology companies from other groups with a strong research pedigree. One of these is Imperial Innovations Group plc, originally founded as the technology transfer office of Imperial College London, which was listed on the AIM market in 2006 and in 2011 expanded its scope to invest in opportunities arising from intellectual property developed at Oxford, Cambridge, Imperial College London and University College London. Imperial Innovations has holdings in 93 portfolio companies, with a total of £176m invested since the IPO in 2006, and notable early successes with 4 exits achieved in the last 5 years.