Oxford University Innovation is spinning out its management consultancy division as a separate company to be called Oxentia.
Isis Enterprise, the management consultancy arm of Oxford University’s tech transfer office Oxford University Innovation (OUI), is set to become a separate legal entity under the name Oxentia.
Isis Enterprise will be rebranded in April 2017, and spun out during the third quarter of the year. OUI will retain a significant stake in the new company. The two also hope to continue collaborating closely on training programs and discussing best practices.
Created in 2004, Isis Enterprise boasts an international client base to which it provides tech transfer support and training to universities, research organisations and governments.
The decision to restructure Isis Enterprise was made to allow the unit to scale up more efficiently. The change in name follows the decision by OUI to rebrand from Isis Innovation in June 2016.
Steve Cleverley, head of Isis Enterprise, said: “The nature of our business and services offered are unchanged and will be delivered by the same team of dedicated consultants. The creation of Oxentia provides a fantastic platform for growth over the coming years and enables us to continue to deliver a first-class service to our clients.
“Our activities are all underpinned by core values of trust, excellence, creativity and collaboration, as is our commitment to working in partnership with our global clients to build capacity, develop capability and deliver impact through innovation for the benefit of economies and societies.”
Matt Perkins, chief executive of Oxford University Innovation, said: “Since 2004, Isis Enterprise has been the window to the world for Oxford University Innovation’s expertise. Becoming Oxentia, an autonomous entity working closely with OUI, provides the freedom to scale up and serve the needs of the wider international innovation community.”
