The Oxford Seed Fund (OSF), led by the Entrepreneurship Centre at Saïd Business School, has raised £2.5m from Oxford Science Enterprises (OSE).
The fund will support startups over the next three years, for the first time making it Europe's largest, and one of the world's biggest, student-led seed funds. This will create a five-fold rise in start-ups the Oxford Seed Fund can support with pre-seed funding to ten a year. Since launching in 2013, the fund's investments have helped its portfolio companies catalyse a further £110 million from global investors into their ground-breaking new ventures. It has also helped create more than 1,200 new jobs.
The increase in the size of the fund comes amid consistently high demand for its continuously oversubscribed programme, with more than 50 applications last year for its four-managerial spots. The 2023/24 programme is about to start and has already received more than 70 applications.
OSF is a key programme of Oxford Saïd's Entrepreneurship Centre and the new fund is the beneficiary of a new partnership with Oxford Science Enterprises (OSE). Oxford Saïd students make-up the OSF team, bringing their experience in venture capital, investment strategy, management consultancy, financial services and entrepreneurship. It educates students in investing and accessing funding and offers access to initial capital and connections to a network of influential investors across the University of Oxford.