University of Manchester’s Innovation Factory has celebrated its best financial year to date.
University of Manchester’s commercialisation arm, Innovation Factory, has announced record results for its most recent financial period ended July 31 with 13 new spinouts created.
Licensing income for the year reached a total of £7.4m ($10.1m) – 48% above target – while spinouts raised approximately £44m between them, including £3.4m put into new companies.
Innovation Factory also highlighted the creation of Northern Gritstone – an investment company co-founded with the universities of Sheffield and Leeds – that will seek to raise £500m to invest in spinouts from the three institutions.
Global University Venturing took an in-depth look at University of Manchester and Northern Gritstone in its April 2021 issue.
Andrew Wilkinson, chief executive of Innovation Factory, said: “University of Manchester is a truly global institution, with a reputation for education and innovation that resonates across the world.
“The Innovation Factory has the responsibility to take the world-changing ideas and…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
