Oxford University Innovation reported a record $698m of funding for its portfolio businesses in a year which brought its total number of spinouts to more than 170.

University of Oxford’s tech transfer office, Oxford University Innovation (OUI), generated a record 24 new spinouts and £546.9m ($698m at the end of 2018) of external funding for its portfolio last year, up from 21 spinouts and $367m in 2017.
The total includes seven spinouts and $172m of funding announced across 19 deals during the fourth quarter of 2018.
OUI now has more than 170 spinouts in total, marching past the 150-milestone it had achieved in late…