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IP Group tapped the market for £55m in June, more than tripling its cash reserves. The company’s strategy is to invest in intellectual property developed by the research departments of UK universities and chief executive Alan Aubrey now want to increase the amount invested every year from £6-8m to £15-20m. But that’s a long-term ambition; in the first-half IP spent £5.5m on 21 different projects, most of them at what it calls the “post-seed” stage, where they have already benefited from some venture capital.