Commercialisation firm Fusion IP sets its sights on first investment deal for Swansea spin-out.
A partnership between Swansea University and commercialisation firm Fusion IP will bear fruit with its first spin-out and subsequent investment within the next six months, Fusion’s commercial director Stuart Gall has predicted.
Fusion signed a Memorandum of Understanding with both Swansea and the University of Nottingham in April this year to work together on promoting the commercialisation of research. Fusion built on existing agreements with the University of Sheffield and Cardiff University, where it has exclusive commercialisation rights to the two institution’s intellectual property.
Since signing the MOU in April, Swansea and Fusion have been in the process of assessing potential research at the institution with a view to commercialise.
Gall said: “There is quite a lot of good stuff in Swansea. We are a shifting through things at the moment and have done a complete review of life sciences and are about to do the same for physical sciences. There were about 300 projects in life sciences and we are now down to about 12, which is about the right ratio.”