Stephenson Fund

Our £2m Stephenson Fund invests in innovative companies working in the field of mechanical engineering. The fund is currently fully invested and is now closed for new projects.

Oxsensis process development manager Peter Elbourn

What is the Stephenson Fund?

The Stephenson Fund, is aimed at helping companies overcome the investment hurdle between Research and Development and bringing a product to market. 

The fund, initially worth a total of £2 million, is in line with our original statement of purpose set out by founder George Stephenson in 1847 to “give an impulse to invention likely to be useful to the world”. It is our first investment fund of this kind, and indeed any UK professional engineering institution. 

The Stephenson Limited Liability Partnership Fund is independently managed by specialist venture capital company Midven Ltd and aims to invest in innovative companies engaged in mechanical engineering over the next few years.


Companies we have invested in

Learn about the companies provided funding by the Stephenson Fund

Meet the innovators

  • Dr Melanie Windridge, Tokamak Energy

    We spoke to Tokamak Energy’s Dr Melanie Windridge about the company’s vision, the role of engineers in society, and what innovation means to her. Tokamak Energy is one of the companies supported by our Stephenson Fund.

  • Mike Lawton, Oxford Space Systems

    We spoke to Oxford Space System's Founder and Chief Executive Officer, Mike Lawton, about the company's vision, the role of engineers in the UK and what innovation means to him. Oxford Space Systems is one of the companies supported by our Stephenson Fund.


Find out more

Ask a question

Contact Midven Ltd if you have a question about the Stephenson Fund.