 The son of an electrician, Norwood graduated with a history degree from Keble College, Oxford University in 1988 before joining city investment bank Banker's Trust in 1991.Norwood cofounded Oxford Sciences Innovation, a £600m investment company dedicated to funding deep science from Oxford University, and was its CEO from 2015 to 2019.Formerly he was founder of IP Group plc, a fund that invested in spinoffs from Oxford University's Chemistry department, in exchange for 50% of the revenues from the licensing of the department's intellectual property.