About the report
South Yorkshire’s tech startups now boast a combined value of £3.2bn, with 18,000+ employees and a record-breaking year for Series A investments.
Since 2020, 35 spinouts have emerged from the University of Sheffield, with 80% staying local. These spinouts have raised £100m in VC investment and now contribute £487m+ in value - over 15% of the region’s total ecosystem.
In South Yorkshire deep tech is more reliant on spinouts than elsewhere in the UK, with 53% of companies driving 69% of the enterprise value.
This proves our region’s ability to turn scientific excellence into scalable, high-impact businesses. In tracking the growth of the tech ecosystem in South Yorkshire, we can see that our spinouts are leading the way in innovation.
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