Startups from the Oxford Creative Destruction Lab (CDL) programme have collectively created a record £1.3 billion in equity value.
According to an analysis of the UK market (Sifted), the median early-stage startup equity value is €5.5 million. CDL Oxford's pool of graduated startups has a median equity value of £9.7 million (for companies with observable valuation data as of May 2023). The figure also makes it the highest in equity value across all four European CDL programmes, and the first to break the £1 billion mark across its startup ecosystem.
The Creative Destruction Lab (CDL) programme, based at Saïd Business School, supports science-based entrepreneurs for scalable companies in science and technology-based fields. CDL-Oxford operates five focus streams: Advanced Therapies, AI, Climate, Fintech and Space technologies, and was the programme's first site outside of Canada and the first in Europe. CDL operates across thirteen sites globally.