A collaboration between Parkwalk and Imperial College Enterprise

The Imperial College Enterprise Fund III (ICEF III) invests in high-growth, IP-rich technologies founded at Imperial College London. By investing in ICEF III, you can benefit from tax reliefs under the Enterprise Investment Scheme (EIS) outlined below, subject to personal tax circumstances.

5 EIS tax reliefs available:

  • 30% Income tax relief, available in the year of investment or carried back to the previous year
  • Capital gains tax deferral – on gains made in prior three years or for one year following investment
  • IHT free – provided the investments are held for two years and are held at time of death
  • Tax free capital gains on the investments
  • Loss relief – option to claim losses against capital gains or income*


Do not invest unless you are prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.

About The Fund

The Imperial College Enterprise Funds were first launched in 2020. The third Imperial College Enterprise Fund (ICEF III) offers investors an opportunity to invest in companies founded on some of the remarkable research at Imperial College London through an early stage, tax-efficient vehicle. The Fund brings together Imperial College Enterprise, a leading technology transfer and commercialisation organisation, and Parkwalk, a leading technology EIS fund manager, to offer an early stage, growth-targeted investment fund, with the potential to maximise tax-free capital gains.

*Please note: Investments must be held for 3 years to achieve all 5 tax reliefs. Tax reliefs are dependent upon an investor’s circumstances. We strongly suggest that you seek specialist tax advice. Tax benefits above are as at March 2024. Loss relief reduces the impact of a loss but does not eliminate it entirely.

Imperial College Enterprise Fund

The objective of the Imperial College Enterprise Fund III (ICEF III) is to invest in a portfolio of early stage, high-growth, research-intensive companies with strong connections to Imperial College London. These could be spin-outs based directly on academic research, deep science businesses developed by students, or companies emerging from Imperial’s innovation ecosystem. The Fund will provide funding and support to companies founded on Imperial’s research, helping transform these new scientific discoveries into tomorrow’s solutions.

The Fund utilises the tax reliefs of the government’s EIS and SEIS schemes where applicable.

Diverse portfolio of 5+ investments
£25,000 Minimum Subscription
Early-stage seed and follow-on investments

Parkwalk Testimonals

The partnership between Parkwalk and Imperial College over the last four years has been an tremendous catalyst to accelerate the financial and public impact potential of the deep science startups created by our academic staff and students. We are excited to launch a third startup investment fund to continue scaling the impact of this work.

– Brijesh Roy, Head of Startup Investment Funds, Imperial College London

Imperial College Enterprise Fund III

View Key Information Document

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Risk Warning

The investments described in this website will place your capital at risk. Past performance may not be repeated and is not indicative of future results. Tax reliefs are dependent on investors’ individual circumstance and are subject to change. An investment in a fund managed by Parkwalk must be made only on the basis of the fund’s Information Memorandum and Key Information Document. Parkwalk does not provide investment or tax advice, and the information on this website should not be construed as such.

Parkwalk is the trading name of Parkwalk Advisors Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FRN: 502237). Parkwalk is registered in England & Wales (registration number 06925696) at 3 Pancras Square, King’s Cross N1C 4AG. Parkwalk is an IP Group plc company.