Imperial Innovations chairman Martin Knight is to stand down from his role at the end of July following 13 years at the firm.
Martin Knight, chairman of Imperial Innovations, the investment firm set up by Imperial College London, is to step down at the end July 2016.
Imperial Innovations acts as the tech transfer office of Imperial College and several NHS Trusts linked to the university, and also invests in Cambridge University and University College London spinouts.
Knight took on the role in 2003 and was the chairman when the firm floated on London’s alternative stock-market, Aim.
During Knight’s time with Imperial Innovations, it raised £346m ($489m) and its portfolio businesses raised more than £1.3bn.
His resignation will coincide with the end of the Imperial Innovation’s financial year. The national committee has begun the search for Knight’s successor.
Knight said: “I am delighted to have played a part in the growth and development of Innovations over the last 13 years. It has been a great pleasure to work in this business, which combines some of the best of the UK’s scientific researchers with talented management teams and long-term capital.
“Now is the right time for me to hand over to a successor, who will lead the business in the next stage of its development and I wish the Group every success in the future.”
Russ Cummings, chief executive of Imperial Innovations, said: “Martin has provided outstanding leadership to Innovations over the last 13 years. He is one of the pioneers of the emerging IP commercialisation industry and played an instrumental role in the formation of Innovations.”
– Image courtesy of Imperial Innovations
