University College London and Barclays launch 'venture builder' for deep tech start-ups
Barclays has provided funding to launch Conception X with the Faculty of Engineering at University College London (UCL), with future ambitions to expand across the country. The groundbreaking programme allows students to create deep tech start-ups whilst retaining all IP rights, participating in mentoring sessions with potential investors and future clients, and emerging as a fully-fledged entrepreneur. Teams from last year’s pilot created start-ups covering areas such as AI, quantum computing and blockchain with several securing seed funding and signing their first clients. Building on its Eagle Lab network and AI Frenzy events, UCL and Barclays have launched Conception X to continue its work enabling a diverse range of people and businesses to benefit from emerging technology – with three all-female teams in the launch cohort.
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