When you start out on these journeys, you are faced with quite often a wall of cynicism and negativity,

but if you really believe in what you can do through the application of technology,

you can do things which actually can change the status quo in a really positive way.

And so the narrative needs to shift from Stop the Boats to how do we bring in the world's best

minds, the world's best CEOs into this ecosystem. If we were to pull all of our pension assets into a single part,

the UK would have the second largest sovereign wealth fund in the world after the US.

We're not short of capital.

It's locked up and being a bit blunt in the wrong assets.

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slash EM-GB. Hello and welcome to the UKTM podcast, a weekly chat with the movers and shakers of the UK

tech industry and the destination for all things UK tech related. I'm your host, Jane Wakefield,

and today I'm joined by Ed Bussie, CEO of Oxford Science Enterprises, a billion-pound investment firm dedicated to transforming

research from the University of Oxford into companies that can solve global challenges,

from health issues to climate and energy. Welcome, Ed. Good morning. Very pleased to be here,

Jane. Now, let's start by talking a little bit about your background, because you are a lifelong entrepreneur. You've launched Gail next in three Ventureback technology

businesses. So tell me a little bit about that and then how you came to be involved with OSE.

Yes. So for the last two decades, as you say, I've been in the world of building technology

companies from

inception, startup, scale up, through two exits, three in a row. First was an e-commerce, which we

exited to N. Brown. The second was a mobile business that was acquired by Vodafone. And the fourth

...