1、Equity investmentspinouts2024into ContentsTop industries for investment06.Top universities by equity deals09.Top investors08.Top equity deals07.Foreword01.Equity deals by number and stage05.Spinout investment03.Executive summary02.Exit by valuation13.Top universities by equity volume10.Investor nati

2、onality12.UK and foreigninvestment11.About the contributors16.Exit by location14.Methodology15.Equity investment into spinouts|2024|01.ForewordMoray WrightChief Executive Officer,ParkwalkFrom artificial intelligence(AI)to quantum computing and life sciences,we are now beyond the brink of scientific

3、breakthroughs that will radically transform the economy and society.Our collective conviction to seize the opportunities of novel innovation now matters more than ever.Spinouts will increasingly define much of the UKs economic standing in the world,our levels of productivity,advancements in public s

4、ervices and the innovation that can help curb climate change.The case for uncovering,nurturing and backing spinouts could not be stronger.Encouragingly,this report reveals that the green shoots of an investment recovery in spinouts has taken root after challenging times in 2023.Recent years have und

5、oubtedly been dominated by sizeable political shifts at home and abroad,widespread macro-economic volatility and the growing cost of capital.The impact:total equity investment in UK spinouts has been falling since the record high of 2.73b in 2021.It was down to 2.38b in 2022 and a concerning low of

6、1.75b in 2023.However,spinouts attracted 1bn in the first six months of 2024 alone,and if that trajectory holds,total investment will now surpass 2023 levels.Where there is cause for concern is in first time equity deals as they continue trending downwards.67 deals were completed in 2023,almost half