In higher education, the UK is a superpower. Four of the 10 top-rated universities in the world are British. Interestingly, they’re not just centres of academic excellence. Defibrillators, LCD screens, Maglev trains, pacemakers and fibre optics are all products of UK universities.
At the time of writing it has just been announced that Evox Therapeutics, a spinout of Oxford University received funding from GV, the venture capital arm of Google. It was founded two years ago and is now valued at £85 million. Similarly, Bristol University spinout Ziylo was recently acquired by Novo Nordisk, one of the world’s biggest maker of diabetes drugs, for up to $800m.
It’s further evidence university spinouts have the potential to be incredibly lucrative. Indeed, Cambridge University has spun out 15 companies valued at more than $1 billion. Two are now worth more than $10 billion.
Frontier IP Group plc (LON:FIPP) is an AIM listed UK based specialist asset management group whose focus and purpose is to provide consultancy services to assist universities and research organisations in the commercialisation of intellectual property arising from their research.