Fusion IP attracted commercialisation agreements with three Russell Group universities before its acquisition by IP Group. We take a look at its history and success.
Three Russell Group universities, Sheffield, Nottingham and Cardiff, along with Swansea University, have taken a different tech transfer approach to most of their fellow UK institutions. Rather than maintaining their own commercialisation processes, the universities have outsourced research commercialisation.
Established in 2002 as Biofusion with the aim to commercialise life sciences research, Fusion IP signed its first ten-year agreement with Sheffield University in 2005. The contract included exclusivity to license any appropriate technology. Cardiff University followed in 2007, with Nottingham…