Mercia Technologies, which funds technology businesses with high growth potential from the UK regions, has secured four new university partnerships in the North of England and Scotland.
Mercia said the new partnerships with Sheffield Hallam University, Heriot-Watt University, Edinburgh Napier University and the University of St Andrews in Scotland will enhance its ability to source promising investment opportunities in two of the group’s key target regions for expansion.
Mercia’s CEO Mark Payton said: “Following our recent acquisition of Enterprise Ventures, the partnership with Sheffield Hallam University will continue to build our presence in the North of England alongside York, Liverpool and Liverpool John Moores universities.
“Providing approximately a third of all our investment activity, these additional partnerships support our continued ability to work with universities to identify investment opportunities.”
Mercia now has a network of 18 university partners which reflect the group’s regional presence in the Midlands (nine universities), the North of England (four) and Scotland (five), in line with its strategy to be the “go-to” finance provider for high growth, innovative businesses in these regions.