Following a rebranding exercise in February, Oxford University Innovation has now completed the spinning out of its consultancy arm Oxentia.
Oxford University Innovation (OUI), the commercialisation office of University of Oxford, yesterday complete the spinning out of its consultancy arm Oxentia into a separate legal entity.
The deal marks the first time that a spinout has been created directly from an OUI unit.
Oxentia, founded in 2004 as Isis Enterprise, previously rebranded to its new name in April 2017. The consultancy boasts an international client base to which it provides tech transfer support and training to universities, research organisations and governments.
The decision to restructure Oxentia was made to allow the unit to scale up more efficiently. OUI will remain a shareholder for the next three years and will continue to collaborate with the consultancy.
Steve Cleverley, chief executive at Oxentia, said: “The move from department to independent company is the most exciting chapter in the Oxentia story to date.
“With the full backing of the university and OUI behind us, Oxentia is in a strong position to build our client base and diversify our service offering, while continuing to provide high quality support for our existing clients.”
Matt Perkins, chief executive at Oxford University Innovation, said: “For all of us in OUI, Oxentia’s evolution is something to be proud of; to see an organisation created within OUI flourish and become independent.
“Oxentia will have the opportunity to spread its wings and fly, developing new offerings, delivering new consultancy services and continuing to access new markets around the world.”
