Cardiff University has become the sixth partner of SETsquared, the world’s top-ranked university-business incubator, of which Southampton is a member.
The other members are the universities of Bath, Bristol, Exeter and Surrey.
The SETsquared Partnership has backed over 5,000 innovators and entrepreneurs since it was founded in 2002. It has helped its member spin-outs, start-ups and scale-ups to raise £2.72 billion in investment, generate £8.6 billion in economic impact and create 20,000 jobs.
Professor Mark Spearing, Vice President, Research and Enterprise, at Southampton, said: “I am delighted that Cardiff University has accepted the invitation to join the SETsquared Partnership. Cardiff is a major research-intensive university with a strong track record in science and engineering innovation. Their addition to the partnership allows us to extend our reach and the collective power of the network to help support and grow innovative companies in our region. As one of the founder members, Southampton is very proud of the success that SETsquared has achieved over the past two decades, and looks forward to it continuing to strengthen further.”
Professor Colin Riordan, President and Vice-Chancellor at Cardiff University, added: “We are delighted at the prospect of joining a network that has been consistently ranked as the world’s number one university business incubator. We have a shared ethos: to generate positive impact and economic growth from our research activities, grow social prosperity and to give our enterprising students every support with their new business ideas.”
