Oxford University’s start-up incubator, opened by the Apple chief executive Tim Cook, has closed its doors to students after only five years and even though it received £3.2 million in launch funding.
High-profile donors to the centre, called the Oxford Foundry, included Reid Hoffman, the LinkedIn founder, who gave £1 million, as well as Biz Stone, the co-founder of Twitter, and Mohamed Amersi, chairman of Ventures Group. Hoffman described the Foundry’s work as “game-changing for the entrepreneurial ecosystem in Oxford” in a report on the centre, published in December. Dan Carter, the former New Zealand rugby player, had also just signed up as a mentor.
Source: Thetimes.co.uk