Venture Capital's Retreat from the Campus Lab
Why early-stage funding for university spin-outs has hit a ten-year low.
Words by
Amara Okafor — University of Oxford
Deep-tech timelines and venture-fund timelines have always been in tension. In 2026 that tension has become open conflict.
Translational research grants are filling part of the gap. Sovereign wealth is filling another. Neither moves at the speed of a graduate student with a working prototype.
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