The Rainbow Seed Fund is a £24m, early-stage venture capital fund dedicated to kick-starting promising technology companies developed at some of the UK’s largest publicly-funded research facilities and the rapidly expanding science and technology campuses linked to them.
Created in 2002, the Rainbow Seed Fund is backed by ten UK publicly-funded research organisations and the Department of Business, Innovation and Skills (BIS). The Fund holds investments in some of the UK’s most innovative companies in areas as diverse as novel antibiotics, research into Alzheimer’s disease, “green” chemicals and airport security.
We’re prepared to invest early and help build a commercial proposition around a technology to attract additional investment needed to get to market. The Rainbow Seed Fund invests in:
2. Companies based at partner national science and innovation campuses
3.Companies working in the field of synthetic biology: the design and engineering of biologically-based parts, novel devices and systems and the redesign of existing, natural biological systems.
Rainbow Seed Fund Milestones
In November 2013, the Rainbow Seed Fund received an additional £10M investment to support entrepreneurial scientists in the synthetic biology space. This funding was in response to the Synthetic Biology Roadmap, which sets out plans to harness opportunities in the field of synthetic biology.
Synthetic biology is one of the eight great technologies highlighted by the UK government as an area of wide-ranging significance and potential economic importance, and in which the UK’s research base is particularly strong.
Over the past decade, the Rainbow Seed Fund has:
Leveraged more than £150 million of private investment from just £7 million of its own investment (a ratio of over £20 for every £1 from Rainbow)
Supported 30+ technology start-up companies in sectors such as health, environmental services, international development, and security and defence
Bolstered the UK’s exports and employment -- 75% - 100% of Rainbow Seed Fund company sales are overseas and our companies have created 170+ high-value, technology jobs.
“Assessing the Economic and Wider Benefits of the Rainbow Seed Fund” report
“Realising European Potential in Synthetic Biology” - Report from The Euro Academies Science Advisory Council (EASAC)
Rainbow Seed Fund Partners: