| Formerly | Imperial College Enterprises Limited |
|---|---|
| Industry | technology commercialisation investment company |
| Founded | 1986 |
| Headquarters | London |
| Website | www |
Imperial College Innovations Ltd is a UK technology commercialisation andinvestment company, based in London. Imperial Innovations is traded on theAlternative Investment Market of theLondon Stock Exchange.
Imperial Innovations was founded in 1986[1] as a department ofImperial College London, later becoming a wholly owned subsidiary of the college. The company was originally known as IMPEL, short for Imperial College Enterprises Limited.[citation needed]
In July 2006, shares in the company were admitted to trading on the Alternative Investment Market of theLondon Stock Exchange.[2] Since 2006, Imperial Innovations has raised over £300 million to invest in early-stage technology businesses.[3]
On 4 November 2010Prime MinisterDavid Cameron revealed in a speech given in East London that Imperial Innovations had agreed to advise on the creation of an accelerator space for spinout companies at theQueen Elizabeth Olympic Park as part of the newEast London Tech City hub.[4]
One notable tech spinout is London-based Breathe Battery Technologies, launched in 2019.[5] In March 2024, Volvo Cars announced its partnership with Breathe would greatly improve charging times in its future EVs.[6]
Volvo Cars has partnered with Imperial College London spinoff Breathe Battery Technologies to reduce its EVs' charging time by 30%… charging time improvements will last throughout the battery's life cycle without impacting its health. Volvo Cars' collaboration with Breathe results from a sourcing agreement for its flagship product, Breathe Charge, and represents the latest investment by Volvo Cars' venture capital arm, Volvo Cars Tech Fund.
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