The final report of an independent review of university spin-out companies has been published.
The review examines how UK universities spin-out companies and makes recommendations to ensure the right incentives are in place for the UK to lead the world in turning university research into commercial success.
It was independently led by Professor Irene Tracey and Dr Andrew Williamson at the request of the Chancellor of the Exchequer and Secretary of State for Science, Innovation and Technology.
The review puts forward 11 recommendations to accelerate the UK towards better commercialisation outcomes via the creation of more successful and sustainable spin-out companies, where:
- universities partner with their local spin-out ecosystem to prioritise the rapid creation of spin-outs on market competitive terms
- academics are encouraged to realise impact from their ideas through spin-outs while universities develop an entrepreneurial culture throughout the entire institution
- founders can access the right commercial support to create successful spin-outs.
