November 2023
This month we are celebrating CIC's 10th anniversary and a decade of innovation. The photographs above are from a celebration we recently hosted to thank all of the friends and colleagues that have supported us. We have also created a short animation 'A Decade of Innovation' which you can view below.
It has been a busy quarter in the CIC portfolio. We announced a new high profile investment in Prof. Allan Bradley's latest company, T-Therapeutics. We also sold Allan's previous company, PetMedix, to Zoetis and sold Imagen to Thomson Reuters.
It has been a busy few months on the policy front. CIC welcomed the recent Mansion House compact, where leading pension funds committed 5% of their investments to the UK private growth sector. CIC was also a leading signatory of the recent VC compact, announcing our collaboration with these pension funds.
In addition, I was invited earlier this year by the UK government to co-author with Prof. Irene Tracey, an independent review of the UK’s university spin-out ecosystem. Our review and set of recommendations were published last week. It was an honour to participate in the preparation of this report. I share my learnings in a blog post below.
Finally, in this newsletter, we are delighted to share with you our 2023 Impact and ESG report. I would like to congratulate Michelle Lamprecht on the leadership she has shown this year, hosting a recent Mansion House ESG event and joining the Steering Committee for the ESG_VC program.
Andrew Williamson
