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…

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