What is a spin-out company?
A spinout is a vehicle for impact. It is a new company incorporated to exploit University owned IP and the associated IP Rights (IPR). Normally this is done with disruptive innovation to create a new market or because the technology is able to create multiple products. Creating a spin-out typically involves:
- incorporation by the University
- rights to the University IP
- external investment (can be via shareholder arrangement or other)having the right team on board -both technically and commercially
- having a product/service with a broad range of applications
Successful exploitation of the IP provides a financial return to both business and the University and the local economy through spin-out company creation.
A spin-out is considered HIGH IMPACT.
Get in touch!
Pursuing a spin out opportunity can only be approved via the Innovation Panel Process. Please contact your Business Development Relationship Manager (BDRM) to progress.
For additional spin-out definition, please review the UK Government’s definition.
To read more about the success of spin-outs in the UK and why they are important to our national economy – please review the following publications:
Further commercialisation guidance information: