Wellcome Trust launches investment wing

The Wellcome Trust has provided £200 million to launch an investment company that aims to support innovative healthcare businesses with the potential to transform the markets in which they operate.

The investment company, plans for which were revealed in March 2012, will operate as ‘Syncona’ and look to make investments in the £1–20 million range as a majority investor or as part of a syndicate.

Syncona chief executive Martin Murphy said: ‘We expect to play our part in building successful businesses based upon innovation within the life science and healthcare industry. We very much look forward to working with entrepreneurs, leading academics and inventors to build success stories in the UK, Europe and beyond.’

The Wellcome Trust is one of the largest charitable foundations in the world, spending £600 million per year to support biomedical research and the medical humanities.

Related Content

Wellcome Trust announces health research funding boost

30 October 2015 News and Analysis

news image

The charity will increase spending to £5 billion over the next five years

Wellcome Trust to enforce open access rules

28 June 2012 News and Analysis

news image

UK charitable foundation will cut the grants of scientists who do not make their research freely available

Most Commented

Chlorinated compounds form in tea and coffee

24 November 2015 Research

news image

Treated water reacts with organics to form disinfection byproducts

Brazilian mine disaster releases dangerous metals

21 November 2015 News and Analysis

news image

Irreversible negative human health and environmental effects could result from Brazilian mine’s dam collapse