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SETsquared Scale-Up Programme: Bridging University Expertise and Business Growth
The SETsquared Scale-Up Programme, launched in 2018 and endorsed by the ScaleUp Institute, stands as a world-leading initiative directly linked to the research talent of six partner universities – Bath, Bristol, Cardiff, Exeter, Southampton, and Surrey. This programme plays a crucial role in the UK's scaleup landscape by connecting scaling businesses with university research and expertise, thus enhancing their growth journey.
Programme Highlights:
- Comprehensive Support: Offers general support, including innovation workouts, masterclasses, and opportunities to meet investors and customers.
- Targeted Assistance: Helps identify university collaborators, develop and win Collaborative Research & Development (CR&D) bids, and support equity investment raising.
- Bid Support Success: Dedicated assistance in public grant identification and bid writing, boasting a 36% success rate, significantly higher than the national average.
Evolution and Access:
- Adaptation Post-CCF Funding: Evolving into a package of support through thematic government funding, now embedded in major regional and national research and innovation programmes.
- Innovative Online Platform: The SETsquared Innovation Platform serves as a hub for member collaboration, offering exclusive opportunities, events, and networking.
Spinout and Business Leadership Support:
- Executives into Business (EIB) Programme: Focused on recruiting business executives for university spinouts, in partnership with the Northern Accelerator Programme.
- Impact IP Initiative: Aims to accelerate the market entry of spinouts from the partner universities.
Impressive Programme Impact:
- Growth and Investment: Participants report a 20% average annual growth in turnover and employment upon programme completion.
- Significant Funding Achieved: Members have secured £713 million in private investment and £72m in collaborative R&D funding.
- Academic Collaboration: 62% of scaling businesses collaborated with an academic from a SETsquared university.
- Economic Contribution: Direct contribution of £57 million GVA to the UK economy since 2018, with an estimated £1.3 billion GVA contribution by 2030.
The SETsquared Scale-Up Programme exemplifies an innovative approach to fostering business growth through university collaboration, supporting scaleups to achieve substantial growth, and contributing significantly to the UK economy.
