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University of Oxford Isis Fund closes, oversubscribed
7th April 2014
The University of Oxford Isis Fund, set up by Parkwalk Advisors and Oxford University Innovation, the University’s research commercialisation arm, has been successful in raising over £1.25m and will close, oversubscribed.
Parkwalk’s Moray Wright said: “We are delighted with the extremely high levels of interest in the University of Oxford Isis Fund – it was oversubscribed in approximately a month and shows alumni are keen to invest and support their alma mater as well as taking part in what is currently a thriving innovative and entrepreneurial environment at the University.”
The fund allows private investors to make tax efficient investments in a range of new Oxford technology companies and will invest across all areas of technology and intellectual property from Oxford. Parkwalk currently manages nine other “Enterprise Investment Scheme” funds.
Oxford University Innovation managing director Tom Hockaday said: “We would like to thank the investors in the Fund for their support. This is a real vote of confidence in future Oxford technologies, and we look forward to working with Parkwalk as the Fund makes its first investments.”
A second fund is planned once the current fund is fully invested.