• We are catalysts for innovation, commercialising next-generation technologies developed by

    The University of Manchester’s world-class research base





    • £360m+ invested by venture funders

    • 40+ spin-out companies created

    • 7,500+ licences and IP partnerships concluded

    • 4,000+ invention disclosures received

    • £115m+ IP and R&D revenue generated for the University







  • We are catalysts for innovation, commercialising next-generation technologies developed by The University of Manchester’s world-class research base





    • £300m+ invested by venture funders since 2004

    • 40+ spin-out companies created

    • 4,800+



      licences and IP partnerships concluded

    • 3,700+ invention disclosures received

    • 1,300+ jobs generated across various industry sectors

    • £105m+ IP and R&D revenue generated for the University


Archive for February, 2012

Royal visit to UMI3

His Royal Highness The Duke of York visited UMI3 in Manchester earlier this week as part of a visit to the University to learn more about graphene and the University’s successes and challenges in commercialising research and to meet some student technology entrepreneurs. He also visited NanoCo, in the University’s Innovation Centre, as an example of a successful manufacturing spin-out which grew from a proof-of-principle project to a £100M+ stock-market listed company in six years.

Following a tour of the graphene facilities and a lunch hosted by the University President, Professor Dame Nancy Rothwell, The Duke of York was greeted at the Innovation Centre by Vice-President for Innovation, Professor Luke Georghiou, and UMI3 CEO, Clive Rowland.   His Royal Highness visited UMI3 as part of his desire to see that the UK is recognised as the best place in the world for Science and Engineering.

Clive commented, “It was very encouraging to see how knowledgeable and positively engaged The Duke of York is about research commercialisation and related activities such as student enterprise projects. He is keen to see the University continue to develop its capabilities in this regard and promote its successes and products internationally. He is extremely enthusiastic about the potential of graphene and interested in the different applications and routes to market for it. For those of us who try our best to contribute to the British economy’s industrial leadership through creating entirely new science-based businesses and via licensing of technology enhancements of existing processes and products arising from the University’s top-class research, it’s highly motivating to hear how passionately His Royal Highness offers suggestions to develop our work and how he promotes our cause internationally.”

About UMI3 : UMI3 is The University of Manchester’s Innovation Group. Annually the University assesses some 350 inventions with commercial potential and initiates over 20 new business projects a year. In total its spin-outs attract an average of £10M in third party investment income and it concludes over 30 new licences a year. In collaboration with the technology transfer offices at UCL and The University of Edinburgh, the University’s technology transfer company, UMI3, has just announced a campaign to raise a £150M spin-out seed investment fund “ The Orion Fund”, managed by MTI Partners.

His Royal Highness The Duke of York with Nanoco's CEO, Dr Michael Edelman and CTO, Dr Nigel Pickett.

 

 

 

 

 

 

 

The University's Innovation Centre, UMIC.

 

 

 

 

 

 

 

 

Media Contact : Mr Allan Prits: 0161 606 7240     ( allan.prits@UMI3.com ) web www.umi3.com

 

Manchester to benefit from world’s largest unquoted investment fund dedicated to university spin-outs

MTI has confirmed it is actively fundraising for the world’s largest unquoted investment fund dedicated to university spin-outs. The technology specialist venture capital firm’s Orion Fund is a partnership with The University of Manchester I3 Limited (UMI3), through its Technology Transfer Office (‘TTO’), UMIP, along with two other of the UK’s top six university TTOs that commercialise technology research1. The late seed Fund will have privileged sight of spin-out deal flow from UMIP, ERI of the University of Edinburgh and UCL Business PLC of University College London.

The Orion Fund, the largest fund raise for a fund of its kind in the UK2, will also invest with additional top Universities, building on MTI’s relationships with the TTOs of Oxford and Cambridge amongst others.  This follows MTI’s successful experience with its UMIP Premier Fund, the £32million Fund in partnership with the University of Manchester. The UMIP Premier Fund has invested to date in spin-outs from Manchester, Oxford and Southampton, including, from Manchester, five of the wonder-material graphene projects.  In addition there are 12 strong technology growth companies and eighteen Proof of Principle investments in its portfolio.

In common with the UMIP Premier Fund, the Orion Fund will feature MTI’s unique Proof of Principle investment programme (PoP). PoP is overseen by the TTOs themselves and provides pre-seed funding to develop promising technology with the potential for commercialisation.

Clive Rowland, CEO of UMI3 comments:This is a very exciting opportunity to develop on a bigger scale the effective model of bringing the capital markets onto the campus which we developed with MTI Partners through the UMIP Premier Fund. One of the stand-out features of MTI is the willingness to get directly involved in shaping up new start technology businesses and to provide productive introductions to mentors and clients and to get some pace into our projects.  It’s a challenging environment for investors in which to get comfortable. The complexity and immense range of the cutting edge technologies, and the associated early stage risks can be daunting but the financial rewards for investors, and also the reputation for the universities, can be very attractive. It’s worked well at Manchester, for four years now. I’m very much looking forward to working with my colleagues at Edinburgh and UCL.”

 1Source: Times Higher Education World University Rankings 2011-2012: http://www.timeshighereducation.co.uk/world-university-rankings/

2 On successful closing at the target end of the range of £100-150m

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