VENTURE CAPITAL

Investors offered training in ‘deep tech’

Royal Academy of Engineering joins Imperial College London and the Department for Science to give backers the skills to assess new ventures
Minister of State for Science Patrick Vallance visiting Qiagen.
Lord Vallance, the science minister, visits Qiagen, a genetics company. He is concerned that lack of capital often forces tech companies to leave the UK
ALECSANDRA DRAGOI/DSIT

Science and technology engineers need access to more venture capital investors who know what they are talking about if they are to take commercial advantage of their breakthroughs, the president of the Royal Academy of Engineering has said.

The academy has teamed up with Imperial College London and the Department for Science, Innovation and Technology to run a government-funded training scheme to help 22 early career investors become experts in the needs of applied science and cutting edge technology startups — a sector described as deep tech.

Speaking before the launch on Wednesday of its annual review of the state of Britain’s deep tech company ecosystem, Sir John Lazar, the academy’s president, said: “We feel we, as a country, need to upskill our venture capital

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