Manchester launches bold strategy for inclusive innovation, backed by £10m Founders Fund

Innovation Festival kicks off with a packed launch event highlighting Manchester’s strategy for impact through innovation.

The University used the opening day of the Innovation Festival to launch A Powerhouse of Innovation, a delivery plan designed to help create “Europe’s most inclusive and impactful innovation ecosystem” by 2035 as part of the University’s Strategy to 2035. The plan sets out how the University will broaden innovation beyond technology transfer and spinouts to include partnerships, skills, communities and social impact.

Announcing a new £10 million University Founders Fund to help students, staff and alumni turn promising ideas into viable businesses, Professor Aline Miller, Associate Vice-President for Enterprise and Chief Scientific Officer at Unit M at The University of Manchester, said: “Innovation is for everyone, and it’s not just about technology. It’s about doing new things, new ways.” Professor John Holden, Vice-President for Civic Engagement and Innovation and Chief Executive Officer, Unit M added: “We like to talk about those $1 billion unicorns. But innovation is really about helping solve societal challenges.” He aspired to Manchester becoming home to the first “social unicorn” using innovation to improve one billion people’s lives.

Founder and University of Manchester board member at Mattillion, Matt Scullion agreed that Manchester is poised for success in the global community by 2035: “It’s a lovely turnabout that I think other city regions in the UK and Europe are looking to Manchester as this beacon of innovation and growth. And, you know, that’s not been an overnight thing, but it’s also not stopping.”

Planning for Manchester as a centre for inclusive innovation

A panel chaired by Elvira Uyarra, Professor of Innovation Studies at Alliance Manchester Business School and Executive Director of the Manchester Institute of Innovation Research, asked how the University’s ambition for Europe’s most inclusive innovation ecosystem might translate into delivery. Dr Julian Skyrme, Executive Director of Social Responsibility and Civic Engagement, framed inclusion around three questions—innovation for whom, by whom, and how—arguing that affected communities must help shape decisions.

Professor Johannes Glückler (University of Munich) urged Manchester to build relationships between currently disconnected sectors, citing Coventry’s linking of automotive and gaming clusters. Professor Meric Gertler (University of Toronto) said research excellence alone does not guarantee local benefit, but universities can deliberately change that, backed by “local, patient” capital.

Lisa Dale-Clough, Director Economy at Greater Manchester Combined Authority, highlighted the Atom Valley innovation district in Rochdale and said inclusive innovation must improve job quality and solve local problems.

Manchester's impact in early-stage ventures

From life sciences spinouts to next-generation diagnostics, innovators at the Festival shared what it takes to turn promising research into real-world solutions. Dr Alexander Stokes, a founder of Imprinted Diagnostics, described his mission to build a portable blood-testing platform based on innovative molecular imprinted polymer technology. He’s grown the company from a two-person team to a wider network of 30 collaborators and is now looking to the US for investors. Professor Sam Butterworth (Apini Therapeutics) highlighted how University support, translational funding and investor backing helped transform early-stage research into a multimillion-pound venture now advancing towards clinical trials. Across the session, speakers emphasised the importance of collaboration, persistence and learning from setbacks. As Matt Scullion, founder of Manchester AI and data unicorn Matillion, reflected: “We've got this deep reservoir of academic and scientific expertise here... I think we can figure out ways to put it together and build the consequential companies of tomorrow better.”

Announcements and developments

• The University of Manchester is launching a £10m Founders Fund to provide crucial pre-seed investment for the next generation of entrepreneurs. Read the full story.

Coming up

Students at Manchester won’t want to miss Tuesday’s MEC Ideas Unlocked event, 10:00-16:00, The Atrium, University Place. Find out more → https://www.eventbrite.co.uk/e/ideas-unlocked-tickets-1994566716742

Join one of Tuesday’s fringe sessions, including a panel session “Building companies that are rooted in the North but Global in mindset” sponsored by Northern Gritstone, 10:15-12:00, Whitworth Art Gallery. Reserve your spot → https://www.eventbrite.co.uk/e/building-companies-that-are-rooted-in-the-north-but-global-in-mindset-tickets-1999374881091