Businesses which started out as research projects at the University of Nottingham earned more than £11 million last year.
Companies involved in stem cell treatments and monitors to save the lives of ill babies are among the groups which have come out from Nottingham Technology Ventures (NTV), the group set up to manage the university's spin out companies.
NTV currently manages a portfolio of 18 firms and will re-invest the earnings to create a learning environment which encourages students to carry out research and make more discoveries.
NTV's chief executive, Andrew Naylor, said: "This has been a landmark year for the University’s spin-out portfolio.
"We’re immensely proud to have played a part in advising on some truly ground-breaking businesses and in helping the University achieve a record return from its shareholdings.
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“That return is also a tribute to an expert Intellectual Property Commercialisation Office at the university which has a long track record of identifying the value in research projects, nurturing and developing potential, and bringing transformative products to market.”
The group was set up by the university to realise the full potential of Nottingham's spin-out activity. It also supports the progress of investments in the various spin outs and uses its expertise to build shareholdings and secure a return.
Based at the University of Nottingham Innovation Park, successful spin-outs in the last year have included early cancer detection company Oncimmune, where £5 million was raised from the sale of shares, and cancer research spin-out CrownBio Inc., where the sale of the university’s stake raised £3.6 million.
Professor Dame Jessica Corner, pro-vice-chancellor for research and knowledge exchange at the University of Nottingham, said: “Research into the ideas and industries of the future is central to the contribution which the university makes to the world around us, and the professional expertise we have within NTV is vital in helping us to fulfil that mission.
“The financial return that has been achieved demonstrates both the sheer scale of innovation being driven by our research teams and our ability to translate that into valuable real-world outcomes.”
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