The University of Manchester, considered one of the top rated research centres in the UK, has signed a commercialisation agreement with tech transfer development firm IP Group.
Under the agreement, the IP Group will make a £5m ($7.58m) “proof of principle” funding facility available for the identification and formation of spin-outs from the Russell Group University. In exchange, the IP Group will receive equity stakes in new firms and the right to invest in later funding rounds. In addition, the…
