The past three years have seen Sovereign Wealth Funds (SWF) capturing headlines for high-profile investments in innovative technology businesses. The Public Investment Fund of Saudi Arabia may have made the most noise in 2016 with its attention-grabbing $3.5 billion Uber stake and, more recently, a collaboration with Softbank on a "$100 billion" tech-focused venture capital fund. Yet such announcements are merely the tip of the iceberg.
The road from laboratory to industry is a time consuming and long one, but the rise of a raft of new university venture funds (UVFs) in Britain is helping to transform the innovation landscape. Britain is home to an increasing number of venture capital funds committed to turning innovative ideas from academic organisations and associated clusters into world class companies.