To date, ventures on cohorts 1-3 have raised over £11m in venture funding.
70% of our ventures are generating revenue.
71 jobs have been created by the ventures
94% of the ventures are still operational
Venture teams have offices and team members around the globe, including New York, London, Kampala, Tallinn, Munich and Karachi.
VENTURE PRESS COVERAGE
Twitter co-founder Biz Stone backs tutoring platform Scoodle, Scoodle, TechCrunch, 10 Jan 2020
Ronit's next big challenge, Empower Energy, BP Report, 6 December 2019
Oxford startup receives €2m through accelerator for Alzheimer's treatment, iLoF, Medtech news, 28 November 2019
Artificial Intelligence: Solving the riddle with AI, Util, IPE, Nov 2019
Deliveroo and Oxwash partner on waste-busting takeaway tub cleaning service, OXWASH, 26 April 2019, Business Green
New access app to launch in Oxford, Sociability, 14 April 2019, ITV News
Blockchain startup Veratrak lands £175k in pre-Seed round led by Seedcamp, Veratrak, 16 April 2019, UKTN
App crowdsources info to help disabled access Oxford venues, Sociability, BBC, 16 April 2019, BBC
Veratrak wants to digitise the pharmaceutical supply chain, Veratrak, 8 April 2019, TechCrunch
30 under 30′ Asia list of young social entrepreneurs, Empower Energy, 4 April 2019, Newsd
Carnegie medal shortlist celebrates novels in free verse, Lantana Publishing, 19 March 2019, The Guardian
Artificial intelligence business Archangel scoops national award, Archangel, May 2018, Oxford Mail
Lantana Publishing Breaks into U.S. Market, Lantana Publishing, 19 Sep 2017
Alice Curry on the benefits of inclusive publishing, Lantana Publishing, 19 Sep 2017
WHAT OUR ENTREPRENEURS SAY
100% of entrepreneurs said they would recommend L.E.V8 to other startups.
100% of entrepreneurs said the OXFO L.E.V8 accelerator exceeded their expectations.
Overall, the programme received a Net Promoter Score (NPS) of 9.1.
“The LEV8 accelerator programme was incredible - it far exceeded expectations. We as a company, and I personally, emerged after 6 months with a far broader understanding of lots of key topics. We now have excellent and hopefully lifelong relationships with some incredible people we'd never have had a chance to meet otherwise, including investors and advisors. That we've had all of this for no cost and no equity is truly astounding. The OXFO team worked tirelessly to make this happen, and we all have them to thank for an amazing programme.”
"The Foundry's L.E.V8 accelerator programme is extraordinary. It feels like the bleeding edge of an ancient institution. Being part of L.E.V8 has boosted our ability to raise investment, and it has contributed in deeply meaningful ways to the development of our team, our model and our product."
"The Foundry community feels like being part of a family where everyone is rooting for each other. Everyone here is super passionate about what they do and that passion is infectious!"
“OXFO L.E.V8 gave me a really useful structure to my start-up journey and I've learnt an incredible amount about the practicalities of running an early-stage business. The Foundry has also given me an invaluable network of fellow entrepreneurs and experts to seek advice from, and has provided me with direct access to investors and mentors for my venture.”
"With every workshop it feels like a lifetime of hard-earned knowledge is being imparted to you, so every single one has been really useful in developing the way I think about growing our venture."
“Before the programme, I couldn't really see the possibilities for growing the business as big as I can now envisage it. It's given me the confidence to build the business for its future potential, rather than cutting corners at this stage to save money."
Albus Health, from Cohort one of the Foundry’s L.E.V8 Accelerator, is developing an automated, real-time home monitoring system to predict asthma attacks up to days before they happen. Albus Health have so far secured funding to a total of over £1m, including grant funding from Innovate UK, and investment from Oxford Sciences Innovation (OSI). They are currently growing their team, and commercialising their first product in partnership with a big pharma company.
“Thanks to the Oxford Foundry, we’ve gained access to incredible networks and opportunities. We were selected as one of 15 UK digital health SMEs by Innovate UK and the Enterprise Europe Network for a Department for International Trade-sponsored trip to the US. With funding and a first sales contract now secured, we’re in an intensive R&D phase with industry-leading researchers and clinicians from across the UK. We will be expanding our collaborations to the rest of Europe, taking steps towards ensuring we can serve the 330 million people in the world whose lives can be impacted by our technology.” Mikesh Udani, Cofounder and CEO
Our ventures are tackling some of the hardest societal, environmental and economic challenges.
Combating climate change
Oxwash have saved over 2200 cubic tonnes of CO2 through their cleantech bike-laundry, and are now partnering with Deliveroo to address the issue of single-use plastic in the food delivery industry.
Making children's storybooks more diverse
Globally, Lantana’s publications have allowed over 500,000 children of diverse backgrounds and heritage to see themselves represented in the books that they read.
In the UK, where a third of school children identify as Black, Asian or Minority Ethnic (BAME) yet fewer than 5% of children's books feature BAME characters, Lantana is helping an estimated 250,000 children each year discover heroes, heroines and role models in their award-winning books.
Increasing study times and doubling incomes in rural India
Empower Energy have distributed solar lamps that have impacted the lives of 2100 individuals in rural India. The lamps enable schoolchildren to study for an extra 30 minutes each night and have helped double the income of women entrepreneurs in these communities. They’ve also reduced the use of polluting kerosene lamps by 70%.
MORE WORLD IMPACT
Boresha have connected farmers and producers in East Africa to the modern economy, and reduced their need to go to loan-sharks when they have an emergency, saving them up to 300% APR on interest fees.
EcoSync recently achieved a 66% saving in energy consumption for one of their clients.
Scoodle has provided over 500,000 answers to studies-related questions, to over 100,000 students.
The INFOGRID trials within the healthcare system have improved safe and efficient patient care, and made savings for one NHS Trust that equate to more than £144k in a year. Their technology is solving problems for a wide range of industry problems, including smart cleaning, pipe monitoring (legionella due diligence), desk occupancy and cold storage.
Nye are enabling more than 600,000 UK citizens to make smarter healthcare decisions through direct access to their own medical records.
WOW YOU! has enabled the planting of over 2200 mangrove trees in Madagascar by participating in the Green Friday 2019 initiative.