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21
March
2023
|
15:58
Europe/London

Two University start-ups included in leading European list of young tech spinout companies

Two start-up businesses from have been named in a top ten of Ƶuniversity spinouts to watchƵ.

The list is in , EuropeƵs influential media monitor of European tech start-ups.  Backed by the Financial Times, Sifted is the leading media brand for the European start-up community.

Two of the top ten highlighted start-ups Ƶ and Ƶ have been created and nurtured within the University of Manchester Innovation Factory (UoMIF).

Sifted says: ƵThereƵs a new generation of entrepreneurs taking the European tech scene by storm.  From Madrid to Milan, Bucharest to Berlin, startup innovators are rewriting the economyƵs rules and making waves across the continent. With some 98 cities producing at least one tech unicorn (so far) Ƶ Europe has created a decentralised Silicon Valley.Ƶ

Under UoMIFƵs CEO Andrew Wilkinson, the technology transfer organisation has created 32 IP-rich spinout companies in the three years.

ItƵs great that these two innovative University of Manchester spinout companies have been recognised as being among the very best European tech startups. Both these businesses are led by brilliant young entrepreneurs and have the potential to make an enormous environmental, social and economic impact in their target markets, as well as fantastic returns for their investors.

Andrew Wilkinson, The Innovation Factory Chief Executive

SiftedƵs Ƶtop ten university spinouts to watch out forƵ says: ƵWatercycle Technologies is a University of Manchester (UoM) climate tech spinout. The company has patented a filtration process that can extract lithium from sub-surface waters Ƶ which could be huge for the EV space, which needs lithium in huge quantities for making batteries. ItƵs also working with Cornish Lithium, which focuses on environmentally responsible lithium extraction.Ƶ

 ƵFOTENIX is another UoM spinout, which uses its IP-protected machine learning and 3D imaging tech to detect diseases and pests and improve harvest quality. Brexit, climate change and the Ukraine war are putting unprecedented pressure on crop yield, and weƵre seeing a growing demand for tech in this space.Ƶ

Andrew Wilkinson, CEO of The University of Manchester Innovation Factory said: ƵItƵs great that these two innovative University of Manchester spinout companies have been recognised as being among the very best European tech startups. Both these businesses are led by brilliant young entrepreneurs and have the potential to make an enormous environmental, social and economic impact in their target markets, as well as fantastic returns for their investors.Ƶ

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