NEWS9 October 2025
Four pioneering companies based at Surrey Research Park have received a cash boost in the first round of Surrey County Council’s Economic Growth Fund.
In total, the £7 million initiative is designed to accelerate the growth of high-potential businesses that contribute to the county’s long-term economic growth and regional innovation.
The successful Park-based companies to receive a share of the £2 million ringfenced for this first round, are: Molecular Medical, Rhizo PTX, Sammi-Select and DIREK. The latter three are also members of our SETsquared Surrey business incubator.
The companies represent some of the most innovative and exciting developments in advanced technology, life sciences and sustainability in our region. Their success highlights the Park’s role as an innovation community, where entrepreneurs and researchers benefit from academic collaboration, opportunities to use facilities, expert mentoring via SETsquared Surrey, and access to top talent and expertise at the University of Surrey.
Surrey Venture Studio
Alongside these company awards, funding was also secured to create the Surrey Venture Studio (SVS). Starting in November, this is an exciting new programme involving the University of Surrey, Royal Holloway and University for the Creative Arts (UCA) to support early-stage, pre-seed funding, academic and community-led ventures across the county. SVS will support IP-rich business ideas in the following disciplines:
- AI & Digital
- Culture & Creative Industries
- Sustainability
- Space & Aerospace
- Health & Wellbeing
Importantly, SVS aligns with UK Government policy to increase spin-out creation and academic-commercial translation, supporting inclusive growth and regional innovation.
Look out for more information about the SVS soon.
More about the Successful Surrey Economic Growth Fund Recipients at the Park
Molecular Medical
A growing life sciences company based at Surrey Research Park, Molecular Medical is developing new hydrogel materials for interventional therapies. Their specialities include medical devices, medical hydrogels, functional materials, and drug delivery.
Rhizo PTX
This team are on a mission to transform the chemical industry with its groundbreaking Power-to-X technology for producing green ammonia. Founded by Dr Ash Stott and Dr Ben Kyffin, both University of Surrey PhD graduates, the company has developed a one-step electrochemical system that converts nitrogen and water directly into ammonia with zero carbon emissions. The company is looking to tap into the $900 billion global ammonia market, by offering a more environmentally friendly route to production. Discover more.
DIREK
An advanced electrical engineering company offering a building management platforms and IoT smart sensors that can provide real-time occupancy and environmental data.
Sammi-Select
Using a data-driven, co-design approach to candidate assessment, Sammi-Select’s innovative platform combines proven social science with ethically deployed technology to transform recruitment. Its asynchronous interview system enhances diversity hiring, delivering fairer, more objective and cost-efficient selection outcomes.
For more information about ways to collaborate with Surrey Research Park or funding opportunities via the startup pages on our website.
