Although half of the universities in the top ten for spin-out capital are in the US, the other five are in the UK. In addition to Cambridge, these are the University of Oxford, Imperial College London, University College London and Edinburgh University.
“We are pleased to see these results and believe they should lay to rest any lingering doubts about the vitality and global standing of the university innovation sector in the UK,” said Dr Tony Raven, Chief Executive of Cambridge Enterprise, the commercialisation arm of the University of Cambridge.
Monthly magazine and website Global University Venturing, which covers university technology transfer and investment in spin-outs based on university IP, tracked 2,151 deals globally over the five-year period.
In its breakdown of each university’s deals, the GUV report revealed that in spin–outs from US universities, venture and corporate capital typically dominated the deal numbers. In the UK, by contrast, university and university-associated funds have dominated. “This is an important distinction and shows how, in the absence of a vibrant, early stage venture capital market, universities in the UK have taken control of helping their innovations and spin-out companies cross the notorious ‘Valley of Death’ with remarkable success”, said Raven.