LONDON (ShareCast) - (ShareCast News) - National investment group Mercia Technologies said it has signed a partnership agreement with the University of Edinburgh [UoE], one of the world's top 25 universities according to the Quacquarelli Symonds World University Rankings.
Equipped with the neccessary funds to spend, specifically, on opportunities at the university, Mercia said it anticipates a significant number of new Scottish investment opportunities as part of the partnership, over the medium term.

The non-exclusive partnership with the University would reportedly also grant Mercia access to Edinburgh Innovations, forming an important base for Mercia to both reach out to leading research centres within the University and connecting it to its five other Scottish university partners as well as other innovators and entrepreneurs across Scotland.

Dr George Baxter, CEO of Edinburgh Innovations at the UoE said: "The UoE has an exciting pipeline of technology coming from its internationally recognised research base. We are pleased to be working with Mercia which has a strong track record of supporting spin-out activity and we see this partnership as an important part in the UoE's mission to increase its role in local, regional and national innovation, such as the recently announced Edinburgh and South East Scotland City Region Deal."

For his part, Mark Payton, chief executive officer of Mercia Technologies, said: "This is a further milestone for Mercia as we continue to expand our model of patiently supporting globally relevant opportunities with our managed funds before swiftly scaling via our balance sheet capital. I would like to thank the team at the UoE for their positive support and engagement. I look forward to what I know will be a productive relationship as we build out our presence in Scotland and, in parallel, continue to support our 18 other key university partnerships across the Midlands, the North of England and Scotland."

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