US universities take low equity stakes in the companies they help commercialise. But non-dilutive shares and royalties mean academic institutions ensure they receive payouts.

The fund will write cheques for early-stage spinouts from the state's 15 public universities.

The founder of the university's spinout commercialisation arm said in a LinkedIn post that she is taking a breather to "regroup".

The University of Birmingham has created a system for researchers to commercialise their technology and find clients before incorporating a company.

Centro National de Análisis Genómico was the first national sequencing centre in Europe.

Former St Louis University executives Kenneth Olliff and Jasmin Patel will lead Boston University’s office of strategy and innovation.

Darren Cooke has been selected as interim chief innovation and entrepreneurship officer at UC Berkeley, taking over from Rich Lyons.

Mairi Gibbs has been appointed CEO of Oxford University Innovation permanently, having led the tech transfer office in an interim capacity since April.