Norwich Research Park is set to benefit from a £150m fund to help in the fight against climate change.
Specialist fund manager Greensphere Capital created the funding pot to help scale businesses that commercialise solutions to the climate crisis and prevent the loss of biodiversity.
And working with partners including the Norwich-based Quadram Institute, John Innes Centre, and Norfolk and Norwich University Hospital, it hopes to help to scale-up businesses based at the research park.
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The wider arrangement will also see partner organisations benefit from any new spinouts through profit share - via co-ownership - and licence fees, allowing them to fund future research projects.
Roz Bird, CEO of Anglia Innovation Partnership, which manages Norwich Research Park, said: “The research and innovation at Norwich Research Park is important because it is addressing global challenges like food security, human disease and the effects of climate change.
“Companies on the campus spinning out of the research community are developing new ground-breaking technologies that will benefit society and the environment and contribute to the economic growth of the UK.”
