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Imperial Innovates                                                                                                        Startup success                                       Innovation



                                                                                                                                                                                         network
                                                                                                                                   at Imperial


                                                                                                                                   → Co-founded by an Imperial student, Improbable       Enterprise Lab is a dedicated support service
                                                                                                                                   pioneers new ways to connect, play, create and        for thousands of students, staff and alumni who
                                                                                                                                   build value across interconnected virtual worlds.     have an idea they believe in, and the drive to
                                                                                                                                                                                         turn it into a reality.
                                                                                                                                   → Co-founded by an Imperial student, Tractable
                                                                                                                                   uses computer vision and deep learning to             Advanced Hackspace brings together inventive
                                                                                                                                   speed up the time taken to process motor              minds from all backgrounds, disciplines and
                                                                                                                                   insurance claims, by automating the appraisal         levels of expertise to collaborate, experiment
                                                                                                                                   of visual damage.                                     and prototype the future.


         Deep tech entrepreneurship for next generation businesses                                                                 → Co-founded by an Imperial academic,                 Imperial White City Incubator is a state-of-the-
                                                                                                                                                                                         art wet lab incubation space and training facility
                                                                                                                                   PsiQuantum is a quantum computer company
         Science Capital Imperial                                                                                                  aiming to build the world’s first commercially        to help startup companies. It welcomes spinouts
                                                                                                                                   viable one million qubit quantum computer.            and non-Imperial ventures in order to maximise
                                                                                                                                                                                         innovation and collaboration. Since 2006,
                                                                                                                                   → Founded by Imperial academics, Ceres Power          Imperial’s incubator companies have raised
         Our goal: We will scale up our world-class innovation   capital and proof-of-concept funding to realise                   grew from an Imperial spinout founded to              over £1bn in investment and grant funding.
         ecosystem for world-changing impact.                 the full potential of their businesses. And through                  develop fuel cell research and was named the
                                                              our new Imperial Global network, we will access                      UK’s most valuable clean technology company.          Undaunted is a partnership between Imperial
         Now: We pride ourselves on our startup culture at    and engage other innovation ecosystems around                                                                              and the Royal Institution to create new routes
         Imperial, nurturing the supportive and interdisciplinary   the world (page 24).                                           → Founded by Imperial students, Magic Pony            into climate entrepreneurship. It is a founding
         environment that science entrepreneurs need                                                                               Technology was an AI startup using machine            member of Cleantech for UK, a coalition
         to thrive. That enabling environment includes        Together, these complementary efforts will see                       learning to build improved systems for visual         of investors and venture builders launched
         Imperial’s Enterprise Lab, our Institute for Deep Tech   Imperial grow more high-impact enterprises, serve                processing. It was acquired by X, formerly            at Imperial by Bill Gates and Rishi Sunak
         Entrepreneurship and our network of hackspaces,      as a trusted partner for industry, and act as a powerful             Twitter, to enhance the social media company’s        in February 2023.
         incubators and accelerators. Our network of business   catalyst for UK economic growth.                                   live and video offerings.
         angels supports our students and staff as they                                                                                                                                  DTPrime is backed by the Institute for Deep
         turn their ideas into prototypes, their prototypes                                                                        → Imperial spinout Nexeon is a global leader          Tech Entrepreneurship and helps Imperial staff
         into startups, their startups into scaleups, and their                                                                    in silicon anode material development for             take their science- and engineering-intensive
         scaleups into world-changing businesses.                                                                                  lithium-ion batteries, and is set to make a major     commercial ideas to ‘cross the chasm’ from
                                                               “Science Capital Imperial                                           contribution to the future of rechargeable            commercial concepts to high-value, investable
         Next: We have reshaped our spinout formation                                                                              battery technology.                                   propositions.
         process, Imperial Founders Choice, which offers      is a natural next step in
         both entrepreneurs and investors clear, fair and     our work to make Imperial                                            → Founded by an Imperial Master's student,            MedtechONE is a centre of excellence to support
         competitive rewards.                                                                                                      Koalaa has developed a range of soft prosthetic       MedTech entrepreneurs across Imperial.
                                                              a global centre of gravity                                           limbs that are light, comfortable and suitable
         The next phase of our White City Deep Tech           for scientific innovation                                            even for very young children.                         MedTech SuperConnector empowers early-
         Campus will allow us to increase our capacity to                                                                                                                                career researchers to translate academic insights
         host more startups, scaleups, and industry partners   and entrepreneurship.                                                                                                     from the arts and sciences into early-stage
         and co-locate with other knowledge organisations.    It will fuel experimentation                                                                                               medical technologies.
         The development of the Imperial WestTech
         Corridor (page 32), in partnership with local and    and enable Imperial’s                                                                                                      AI SuperConnector is here to find and support
         national government, our NHS partners and business   visionaries to turn their                                                                                                  the next generation of UK-based AI startups.
         community, will create the kind of vibrant innovation
         ecosystem required to compete for major              big ideas into trailblazing
         international investment.                            companies that will

         With support from alumni and investors, we will      drive progress.”
         establish Science Capital Imperial, a new venture                                                                                                                               See Imperial’s innovation ecosystem
         fund to provide Imperial’s entrepreneurs access to   Professor Ian Walmsley, Provost                                                                                            on the next page.



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