Oxford University fund invests in new class of antibiotics

A fund designed to support Oxford University inventors in prototyping and proof-of-concept work has reached its first close and made its first investment in a new class of antibiotics discovered in a natural product library at Oxford’s Faculty of Chemistry.

The Oxford Invention Fund has received donations totalling £500,000 since it opened last June from four individuals, including Sir Douglas Hague and Dr Tim Cook.

It is modelled after the Oxford University Challenge Seed Fund (UCSF), which was awarded £6m to finance 115 projects, prompting the formation of 33 spin-out companies and the completion of 51 commercial deals.

All students, researchers and professors from the University of Oxford are eligible to apply to the fund through Isis Innovation.