The University of York is partnering with sustainability investor Greensphere Capital to launch a £150 million fund designed to invest in market-leading businesses that successfully commercialise solutions to the dual crises of climate change and biodiversity loss.

Gaia Sciences Innovation will harness the expertise of 12 leading research institutions - including the University of York - to invest in start-up, spin-out and scale-up businesses that can help tackle biodiversity loss and climate change.

These companies will then benefit from ongoing access to leading-edge scientific expertise in areas such as plant, fungal and animal sciences, ecology and hydrology, soil and microbiomes, and engineering biology.

The partnership, based in York, Norwich and London, brings together leading British institutions that are home to more than 4,000 scientists, researchers and conservationists.

The arrangement will see partner organisations benefit from new spin-outs through profit share (through co-ownership) and licence fees which allows organisations to fund future research and further build their organisational capacity.

The spin-out companies will also provide a virtuous loop of valuable data from operating environments for scientists to refine and improve intellectual property.

Divya Seshamani, managing partner at Greensphere Capital, said: “In the face of the global climate and biodiversity crisis, we urgently need more investment into solutions based on the best available science. Mitigating these real risks requires evidence-led, science-based solutions, not anecdotes and spin.”

University of York Vice-Chancellor, Professor Charlie Jeffery, said: “We have some of the best researchers working on solutions to many of society’s most challenging environmental issues.

"This vital collaboration highlights the University’s commitment to creating a fairer and more sustainable future for all by harnessing knowledge from our discovery-led research to provide innovative solutions in the global fight against climate change and biodiversity loss.”

“We look forward to working with Gaia Sciences Innovation on a range of exciting projects that have the potential to make a real difference to the world we live in.”

The fund will focus primarily on investments across three focus areas:

- Greening real assets: making agriculture and forestry more sustainable and enhancing or restoring land and water-based ecosystems, with applications such as natural pest control, green fertiliser and products that enhance soil health, afforestation and habitat restoration advisory, enhanced carbon dioxide sequestration, and improved watershed management;

- Green fintech: providing technology and expertise that can underpin and unlock green financial markets. This includes technologies to measure, monitor and verify biodiversity and climate impacts, including technologies for environmental DNA collection and sequencing, sensors for tracking water and soil health, computational genetics, and AI for assessing climate and nature-related risks;

- Human supply-chain resilience: investing in better supply chains (from food to medicine) and ease pressures on ecosystems or adapt to changing conditions, e.g through climate-resilient food crops, developing alternatives that displace drivers of deforestation such as meat, dairy and palm oil, and using plants for drug discovery or producing bioactive compounds.