University of Nottingham spinouts amassed a record return for the university’s equity management division in 2018, with a share of the haul earmarked for further high-impact research.
University of Nottingham’s spinout equity management arm, Nottingham Technology Ventures (NTV), generated a record return of more than £11m ($14.2m) from its spinouts in 2018, theBusiness Desk reported today.
NTV will invest the proceeds to fuel transformative University of Nottingham research and enhance the institution’s reputation as an inspiring learning environment for its students.
NTV currently holds equity in 18 spinouts formed through the Intellectual Property Commercialisation Office (IPCO). It advises University of Nottingham on spinout investments from two vehicles, one of which is the early-stage £5m ($6.6m) Nottingham Invention Fund.
University of Nottingham also runs the $1.3m Nottingham Ingenuity Fund, which is focused on its student and alumni-founded enterprises.
Andrew Naylor, the chief executive of NTV who secured a spot on the 2018 GUV Powerlist, has led the division since late 2017, providing expertise drawn from almost 20 years in senior manager, CEO and non-executive director roles, at businesses including commercialisation firm IP Group.
Naylor said: “This has been a landmark year for the university’s spinout portfolio. We are immensely proud to have played a part in advising on some truly groundbreaking businesses and in helping the university achieve a record return from its shareholdings.
“That return is also a tribute to an expert IPCO at the university which has a long track record of identifying the value in research projects, nurturing and developing potential, and bringing transformative products to market.”
