Cambridge Enterprise, the commercialisation unit of Cambridge University, has announced the institution could earn up to £10.7m ($17.6m) from the $95m sale of medtech BlueGnome to US biotech Illumina.
The university has already made £7.7m from the deal, but another £3m could be earned if milestones are met by BlueGnome. The proceeds from the deal will be returned to Cambridge’s seed funds, which will be used to support future spin-out firms.
The windfall comes after the launch of the £50m…
The University of Kentucky has formed an industry-university partnership to advance aspects such as sustainable agriculture in the whiskey distilling industry.
The £40m recently allocated by the UK government to proving university research is commercially viable shouldn't just benefit Oxford, Cambridge and London say sector pundits.
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