The infographics below present some of our performance highlights for the financial year 1 August 2020 to 31 July 2021.

‘Investment in numbers’ showcases some highlights from our Seed Funds team, and includes some cumulative data.

‘Knowledge transfer in numbers’ summarises our performance across our knowledge transfer activities: academic consultancy, intellectual property protection and development, and licensing.

Case studies

Impact Insight videos



Our mission—like those of our technology transfer counterparts at other globally-influential universities—is to help advance the novel insights and innovations of researchers into robust development and ultimately use by the public.

Our financial performance over the past 12 months illustrates the intricate relationship between income, cash flow, disbursements, and costs that are central to the business of supporting the University’s academics and researchers in their endeavours. This intricacy means our outputs over the short term are rarely a meaningful guide to our future performance.

Development of deep tech is a long term endeavour; meaningful returns often come a decade or more after the initial investment. Revenues may lag in a given year, but rebound in subsequent years. Below, we illustrate this effect with two circular graphics that highlight our performance since 2006-07. Since our bottom line is beneficial impact, not profit, we accept fluctuation and take the long view.

Net operating surplus/(deficit) for the year £(609)

In 2020-21, there were 125 companies in the Cambridge Enterprise portfolio. Those spin-outs that grow and succeed often exit the portfolio through acquisition, and occasionally via a public listing. Over the lifetime of the University of Cambridge Seed Funds, this has generated billions of pounds in value. Below are a few examples of the current holdings.