- Mercia Technologies (MERC) secured four new university partnerships in the North of England and Scotland.

The four new partnerships with Heriot-Watt University, Edinburgh Napier University, the University of St Andrews in Scotland and Sheffield Hallam University in the north of England, will further enhance Mercia's ability to source investment opportunities in two of the group's key target regions for expansion.

Mercia CEO Mark Payton said: "These new Scottish university partnerships via our office in Edinburgh, alongside our existing partners of Abertay and Strathclyde Universities reflect our strengthening presence in one of our target regions as we seek to become the go-to provider of finance for innovative Scottish companies.

"Meanwhile, following our recent acquisition of Enterprise Ventures, the partnership with Sheffield Hallam University will similarly continue to build our presence in the north of England alongside York, Liverpool and Liverpool John Moores universities.

"Providing approximately a third of all our investment activity, these additional partnerships support our continued ability to work with universities to identify investment opportunities."

Mercia will benefit from a network of 18 university partners, which reflects the group's regional presence in the Midlands, the north of England and Scotland, in line with its strategy to be the 'go-to' finance provider for high growth, innovative businesses in these regions.

These collaborative university partnerships provide the group with access to an excellent flow of spin-out and early stage investment opportunities.

Together with the professional network of Mercia's technology transfer team, the university partnerships provide Mercia with a compelling ability to source new investments.

This is central to Mercia's strategy to create shareholder value by nurturing and providing funding continuity to innovative businesses from an early stage via its third party funds through to maturity via its own balance sheet cash resources.

At 8:07am: [LON:MERC] Mercia Technologies Plc share price was 0p at 45p

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