Imperial Innovations, the commercialisation firm spun out of Imperial College London, yesterday completed its rebranding effort to Touchstone Innovations.
As of 8am this morning, the group is trading under Touchstone Innovations on the London Stock Exchange, though its tradable instrument display mnemonic code will remain IVO. It has also changed its registered address to a new office in central London as of today.
The group is however retaining the name Imperial Innovations for its technology transfer activities conducted on behalf of Imperial College London. The existing website now reports on these efforts, with the group’s other operations found on TouchstoneInnovations.com.
The name change was first proposed in October 2016, before being approved at the annual general meeting on November 21. The firm said it hoped the new brand would better reflect the changes that mean it has also been investing in spinouts emerging from University College London as well as Oxford and Cambridge universities.
Touchstone Innovations has also invested in the £50m ($60m) UCL Technology Fund and the £40m Apollo Therapeutics joint venture, both launched in January 2016.
Russ Cummings, chief executive of Imperial Innovations, told GUV last month: “We are making this change to reflect the broader supply base of opportunities we are supporting across the golden triangle.
“The term ‘touchstone’ has also come to represent a standard against which the genuineness or quality of something is judged. Touchstone Innovations thus has an interesting resonance with the science focus and many positive connotations relevant to our operations.”
