UCL Engineering Startups | Innovation from University College London

UCL Engineering Startups

Discover the innovative companies and groundbreaking spin-outs emerging from University College London’s world-renowned engineering department. From research labs to market leaders, explore how UCL continues to drive technological innovation.

World-Class Engineering Innovation

University College London’s Faculty of Engineering Sciences stands as one of the world’s premier engineering institutions, consistently producing breakthrough research and innovative startups that transform industries worldwide.

With a rich history dating back to 1826, UCL Engineering has been at the forefront of technological advancement, from the invention of the telephone to cutting-edge AI and quantum computing research.

As part of our legacy at Idea London, we witnessed firsthand how UCL’s research excellence translates into commercial success, with numerous UCL spin-outs becoming part of our accelerator programme between 2012 and 2019.

Explore University Spin-outs
150+
Active Research Groups
£2.8B
Research Impact Value
500+
Industry Partnerships
85+
Active Spin-out Companies

Leading Engineering Departments

Electronic & Electrical Engineering

Home to groundbreaking research in AI, machine learning, and quantum technologies, producing startups in deep tech and semiconductors.

Notable Spin-outs: QuantumBlack, DeepMind collaborations

Mechanical Engineering

Leading robotics and automation research, creating startups in manufacturing technology, medical devices, and industrial automation.

Focus Areas: Robotics, Materials Science, Bioengineering

Biochemical Engineering

Pioneering biotechnology and pharmaceutical engineering, generating startups in drug discovery, synthetic biology, and bioprocessing.

Notable Areas: Synthetic Biology, Drug Manufacturing

Civil Engineering

Innovative research in smart cities, sustainable construction, and infrastructure technology, spawning construction tech startups.

Specialisations: Smart Infrastructure, Sustainability

Chemical Engineering

Advanced materials and process engineering research, creating startups in clean technology, energy storage, and specialty chemicals.

Innovation Areas: Clean Energy, Advanced Materials

Space & Climate Physics

Cutting-edge space technology and climate monitoring research, generating startups in satellite technology and environmental monitoring.

Focus: Satellite Tech, Climate Solutions

Notable UCL Engineering Startups

DeepMind Technologies

AI Research & Development

Founded by UCL alumni including Demis Hassabis, DeepMind became one of the world’s leading AI companies before being acquired by Google for £400 million. The company’s breakthrough achievements in AI continue to shape the global technology landscape.

Artificial Intelligence Machine Learning Neural Networks
Acquisition: Google (£400M) | Founded: 2010

Oxford PV

Solar Technology

Spun out from UCL’s physics department, Oxford PV develops next-generation solar cells using perovskite technology. The company has raised over £140 million and is commercialising breakthrough solar efficiency improvements.

Solar Technology Clean Energy Materials Science
Funding: £140M+ | Status: Scale-up Phase

Touch Surgery

Medical Technology

Founded by UCL medical engineering graduates, Touch Surgery created the world’s first surgical simulation platform. The company raised over £20 million and was acquired by Medtronic to enhance surgical training globally.

Medical Technology Surgical Training VR/AR
Acquisition: Medtronic | Founded: 2013

Surrey Satellite Technology

Space Technology

While originally from Surrey University, SSTL has strong UCL collaborations and represents the type of space technology innovation emerging from UCL’s space physics research. The company pioneered low-cost satellite technology.

Satellite Technology Space Engineering Earth Observation
Status: Global Leader | Revenue: £100M+
Idea London UCL Partnership

Our UCL Partnership Legacy

During our active years as an innovation centre (2012-2019), Idea London maintained strong partnerships with UCL Engineering, particularly through our collaboration with UCL Energy Institute and various engineering departments.

Sarah Mitchell, our CEO, frequently collaborated with UCL researchers to identify promising technologies with commercial potential. This partnership helped bridge the gap between academic research and market-ready solutions.

Many of the 50+ startups we supported during our incubator years had connections to UCL research, demonstrating the university’s vital role in London’s startup ecosystem.

Learn About Our Legacy

UCL Innovation Ecosystem

UCL Innovation & Enterprise

The university’s technology transfer office supports researchers in commercialising their innovations through spin-out companies and licensing agreements.

Supporting 80+ active spin-outs

UCL Advances

A dedicated fund providing early-stage investment to UCL spin-outs, helping bridge the gap between research and commercial viability.

£20M+ investment fund

BaseKX

UCL’s innovation hub providing workspace, mentoring, and networking opportunities for student and staff entrepreneurs.

Supporting 100+ entrepreneurs

Research Excellence Driving Innovation

World-Leading Research Impact

UCL Engineering consistently ranks among the top engineering faculties globally, with research that directly translates into commercial applications and startup opportunities.

#3 in UK for engineering research quality (REF 2021)
£180M+ annual research income
2,000+ research publications annually
150+ industry research partnerships

Key Research Institutes

UCL AI Centre

Leading research in machine learning, robotics, and AI applications across healthcare, finance, and engineering.

Institute for Environmental Design

Pioneering sustainable engineering solutions and clean technology innovations for urban environments.

London Centre for Nanotechnology

Breakthrough research in nanoscale engineering with applications in electronics, materials, and biotechnology.

Mullard Space Science Laboratory

UK’s largest university space research group, driving innovations in satellite technology and space exploration.

Investment Landscape for UCL Startups

Early Stage Funding

£2.5M

Average seed funding for UCL engineering spin-outs, supported by university programmes and angel investors.

• UCL Advances: £50K-£500K
• Angel investors: £250K-£2M
• Grant funding: £100K-£1M

Growth Stage Investment

£15M

Typical Series A funding for successful UCL spin-outs ready for commercial scale-up and market expansion.

• VC firms: £5M-£25M
• Corporate investors: £10M-£50M
• Government grants: £1M-£5M

Exit Valuations

£180M

Average exit valuation for successful UCL engineering startups through acquisition or IPO.

• IPO range: £100M-£2B
• Acquisition: £20M-£500M
• Strategic exits: £50M-£1B

According to research by Amelia Brooks, our Head of Research & Analytics, UCL engineering startups demonstrate consistently higher success rates than the general startup population, with a 23% higher likelihood of reaching Series A funding.

Explore Funding Data

Emerging Opportunities

Quantum Technologies

UCL’s quantum research is generating breakthrough technologies in computing, sensing, and communications, creating significant startup opportunities in this emerging field.

Potential Market: £850B by 2040

Climate Technologies

Leading research in carbon capture, renewable energy storage, and sustainable manufacturing creates opportunities for impactful climate tech startups.

Investment Growth: 40% annually

Digital Health

UCL’s interdisciplinary approach to healthcare engineering generates innovations in medical devices, digital therapeutics, and precision medicine.

Market Size: £350B globally

Smart Cities

Research in urban engineering, IoT systems, and infrastructure monitoring creates opportunities for smart city technology startups.

Expected Growth: 25% CAGR

Connect with UCL Innovation

Whether you’re a UCL researcher looking to commercialise your technology, an investor seeking breakthrough innovations, or a startup founder inspired by university research, explore how UCL continues to drive technological advancement.

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