Xampla has become the UK’s first university spin-out to be accredited B Corp status.
B Corps are for–profit businesses which commit to create a material positive impact on society and the environment through their operations. B Corp Certification is administered by Standards Analysts at the non-profit B Lab. Xampla is a spin-out from Cambridge University, based on the ground breaking work of Professor Tuomas Knowles.
Dr Elaine Loukes, Investment Director, Cambridge Enterprise said: “We couldn’t be more pleased by the news of Xampla’s continued success. Xampla originated at Cambridge University and we continue to work closely with the team.
“Impact is of the utmost importance to us, and Xampla is a prime example of a technology created at the University being developed through a commercial spin-out to make the world a better place. We are looking forward to seeing what the future holds for Xampla with Mr Seabright at the helm.”
Professor Andy Neely, Pro-Vice-Chancellor for Enterprise and Business Relations, University of Cambridge, said: “The University of Cambridge is committed to seeking innovative solutions to the climate crisis. Companies like Xampla that apply cutting-edge University research to solving urgent environmental problems – and which have the potential to achieve impact at scale – have a vital role to play in global efforts to achieve a zero-carbon future.”
Kate Sandle, B Lab UK’s Director of Programmes and Engagement, said: “Xampla is a B Corp through and through – a business that meets the highest standards of verified social and environmental performance, transparency and accountability to balance profit for purpose.
“It’s fantastic that a university spin-out has been able to achieve this. I’m sure with Jeff Seabright as Chair, Xampla will go on to do even more fantastic work helping people and planet.”