Training provider PraxisUnico* says there were less than 40 spin-outs last year, compared to nearly 50 for the two prior years.

The number of spinouts from UK universities has continued to decline over the past six years with a focus on larger investments as successful exits remain relatively rare.

In its latest annual report for the 10-year period from 2002 to 2011, training provider PraxisUnico* said there were less than 40 spin-outs last year, compared to nearly 50 for the two prior years.

This decline, however, it added, has been counterbalanced by "the increased survivability of spinouts [of at least 60%] and a continuing level of successful exits".

There have been 10 flotations in the past five years, led by Oxford Advanced Surfaces raising £44.5m ( $69.4m) on the Alternative Investment Market and retroscreen Virology’s £32.8m valuation during its May initial public offering, and 32 trade sales between 2009 and 2011, including Amgen’s £1bn purchase of Biovex and Baxter International’s purchase of ApaTech for $330m.

The time taken from spinout to…

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