NEWS18 April 2021

SETsquared Surrey members fast-tracked to funding

Members of SETsquared Surrey, the global #1 business incubator, were first in line for exceptional development support.

An ecosystem of support sprang into action as the pandemic unfolded. With over 17 years’ experience accelerating tech start-ups, SETsquared Surrey, the incubator that has been situated on Surrey Research Park since its inception in 2002, acted quickly and decisively to communicate support initiatives to members.

The Innovation Strategy Team at the University of Surrey launched COVID-19 grants and equity investment schemes to develop new innovations and to continue R&D activities. Funds were secured by 25 SETsquared Surrey members who received a share of nearly £50,000 to develop initiatives to combat COVID-19.

There was also high success rate for SETsquared Surrey companies receiving COVID-19 UKRI Innovation Grants. Launched in April 2018, UKRI is a public body sponsored by the Department for Business, Energy and Industrial Strategy (BEIS). The organisation brings together the seven disciplinary research councils, Research England, which is responsible for supporting research and knowledge exchange at higher education institutions, and the UK’s innovation agency – Innovate UK.

An impressive 12 SETsquared Surrey companies received UKRI COVID-19 grants totalling over £550k:

SETsquared Surrey supports early stage high-growth science and tech ventures from local communities, whilst also providing links to University of Surrey experts and facilities to further success.