Tekcapital signs alliance with Nexscient for AI-driven acquisitions

(Alliance News) - 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.

By Roya Shahidi, Alliance News reporter

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