TLDR:
Cambridge Future Tech has raised $5M to support deeptech startups between pre-incorporation and pre-seed stages develop their businesses to attract Venture Capital. The company works closely with leading UK universities, scientists, and inventors to commercialize scientific discoveries and technological innovations.
Summary:
Cambridge Future Tech, a deeptech startup accelerator based in Cambridge, has secured $5 million to support early-stage deeptech startups. The company, led by CEO Owen Thompson and COO Xavier Parkhouse-Parker, collaborates with UK universities, scientists, and inventors to bring scientific discoveries to market. Recent partnerships with industry giants like AngloAmerican plc and CERN have led to the creation of 10 deeptech ventures and the generation of over 80 highly skilled jobs. CFT aims to build eight new ventures each year with corporate partners, and has helped startups like Literal Labs, Mimicrete, and Autopickr raise over $10 million in external funding.
CEO Owen Thompson emphasizes the importance of bridging the gap between scientific discovery and market-ready innovation to position the UK as a science and technology superpower. With plans for expansion and the creation of a sister VC arm, Cambridge Future Tech is set to continue supporting deeptech startups and driving economic growth in the UK.
