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…

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