Tekcapital signs alliance with Nexscient for AI-driven acquisitions
Tekcapital PLC on Monday said it has entered into a strategic alliance with Nexscient Inc to help drive artificial intelligence-driven technology acquisitions from research institutions.
The London-based intellectual property investment group said that, under the terms of the agreement, it will provide Nexscient with ‘continuous access to a curated pipeline of university-originated technologies that meet Nexscient’s acquisition profile.’
As well as identifying technology acquisition candidates, Tekcapital said it will lead early-stage negotiations, and ‘where appropriate, structure initial transactions for technologies that Nexscient may acquire using Nexscient stock as consideration’.
Nexscient is a Los Angeles-based emerging-growth AI company, which funds and commercialises AI and machine learning technologies.
Tekcapital Executive Chair Clifford Gross said: ‘We’re delighted to enter this alliance with Nexscient and its visionary leadership team. By linking Tekcapital’s global innovation sourcing capabilities with Nexscient’s executional strength, we are enabling a fast-track mechanism for converting GenAI research breakthroughs into value-generating enterprises.
‘We believe this is precisely the kind of collaboration that helps to bridge the gap between invention and implementation.’
Nexscient Chief Executive Fred Tannous said: ‘This alliance with Tekcapital represents a powerful extension of Nexscient’s vision to identify, fund, and commercialise high-impact AI technologies. Tekcapital’s unparalleled access to global university innovation, combined with our ability to integrate and scale those technologies into commercial AI solutions, creates a dynamic pathway from academic discovery to market transformation.’
Shares in Tekcapital traded flat at 10.25 pence on Monday afternoon in London.
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