Playing to One's Strengths
ISSUE 29 Quarterly Journal - December 2018 NEWS COMMENT and ANALYSIS on SPINOUTS from UK HEIs Playing to one’s strengths As we have frequently remarked, and as the figures given in our Quarterly Journals demonstrate, spinout activity—new spinouts created, investment, exits - is highly concentrated in the South East of England. While universities such as Oxford and Cambridge, Imperial and UCL, go from strength to strength, making the most of their favourable environment - business, technology, investment - outside the ‘golden triangle’ it is not possible for universities to replicate the same conditions, and they must identify their own strengths and put them to maximum effect. We have two examples in this issue: Univeresity of Birmingham Enterprise’s account of the commercialisation collaboration between eight Midlands universities (p17), and our Spotlight feature on Swansea University (p15), which has evolved a technology transfer model tailored specifically to its own circumstances. Encouragingly, the Knowledge Exchange Framework (KEF) currently under development acknowledges this issue, and has set out to group universities in clusters, so that universities in the most favoured environments can be assessed against their peers, and others judged by criteria more relevant to their own environments; see our report on p13. Since the publication of our previous Quarterly Journal, the sale of Spinouts UK to Beauhurst has been completed. Henry Whorwood of Beauhurst explains what this means in terms of tracking and profiling spinout companies on p8. There will be a transitional handover period, with Spinouts UK founder and editor Jonathan Harris continuing to produce the Quarterly Journals, while Beauhurst gradually takes over the data collection activities.
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