FOTENIX and Watercycle Technologies, two of the top ten highlighted start-ups, were developed and nurtured within the University of Manchester Innovation Factory (UoMIF).
A list of the top ten “university spinouts to watch” includes two start-up companies from the University of Manchester Innovation Factory. The list can be found in Sifted, a significant media watchdog of European tech start-ups. Sifted is the premier media company for the European startup scene and is supported by the Financial Times.
FOTENIX and Watercycle Technologies, two of the top ten highlighted start-ups, were developed and nurtured within the University of Manchester Innovation Factory (UoMIF). Sifted claims, “A new generation of businesspeople is dominating the European tech scene.
Startup entrepreneurs are rewriting the economic rules and creating waves across the continent, from Madrid to Milan, Bucharest to Berlin. Approximately 98 cities in Europe have produced at least one tech unicorn (to date), resulting in the decentralisation of Silicon Valley.”
The technology transfer organisation has produced 32 IP-rich spinout companies in the past three years under the leadership of UoMIF CEO Andrew Wilkinson.
It’s fantastic that these two cutting-edge spinoff businesses from the University of Manchester have been named among the top European tech startups. Both of these companies are run by brilliant young entrepreneurs and have the potential to have a significant impact on the environment, society, and economy in their target markets, as well as provide investors with excellent returns.
According to Sifted’s list of the ten university spinouts to watch for: “A climate technology spinoff from the University of Manchester is called Watercycle Technologies. The company has a patented filtration method that can extract lithium from subsurface waters.
This could be extremely beneficial for the EV industry, as lithium is required in enormous amounts to make batteries. Additionally, it collaborates with Cornish Lithium, a company that specialises in environmentally friendly lithium extraction.”
“Another UoM spinoff, FOTENIX, uses its IP-protected machine learning and 3D imaging technology to identify diseases and pests and enhance the quality of the harvest. Crop yield is under unprecedented pressure as a result of Brexit, climate change, and the conflict in the Ukraine, and there is an increasing need for technology in this area.”
The University of Manchester Innovation Factory’s CEO, Andrew Wilkinson, stated: “It’s fantastic that these two cutting-edge spinoff businesses from the University of Manchester have been named among the top European tech startups.
Both of these companies are run by brilliant young entrepreneurs and have the potential to have a significant impact on the environment, society, and economy in their target markets, as well as provide investors with excellent returns.”