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University of Portsmouth's Space Mission, Onfido's Oxford Exit, and Nova Motorsport's Tyre Triumph

The Business Magazine Newscast
The Business Magazine Newscast
Episode • Apr 12, 2024 • 2m

These are the top stories making the headlines across The Business Magazine website today:

University of Portsmouth bags £1.5m boost for Moon-orbiting satellite

The University of Portsmouth received a £1.5 million funding boost from the UK Space Agency for its CosmoCube mission, which aims to investigate the early Universe by sending a small satellite into lunar orbit.

Full story here: https://thebusinessmagazine.co.uk/technology-innovation/university-of-portsmouth-bags-1-5m-boost-for-moon-orbiting-satellite/ 


Oxford University’s most successful student startup sold to US firm

Minnesota-based tech company Entrust acquires Onfido, the University of Oxford's most lucrative student startup to date, specializing in identity verification and originating from the university's innovation incubator.

Full story here: https://thebusinessmagazine.co.uk/technology-innovation/oxford-universitys-most-successful-student-startup-sold-to-us-firm/ 


Nova Motorsport hits the road with new acquisition

Nova Motorsport, a company seeking to transform the premium competition and specialist tyre industry, has expanded its capabilities by acquiring Camac, a leading Portuguese national tyre manufacturer with an annual production capacity exceeding 500,000 tyres.

Full story here: https://thebusinessmagazine.co.uk/corporate-finance/nova-motorsport/ 



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