40+ spin-out companies created since 2004: enterprises that are helping to stimulate the economy and create jobs in areas as diverse as electricity transmission, stem cell research, business location analysis and skin health products.
The University of Manchester’s success at developing successful spin-outs is the product of an enterprise culture that to date has attracted £360m+ of investment from venture funders. In addition, we have helped to create 50+ social enterprise spin-out.
Setting up a spin-out company is the start of a journey on which academics get involved with investors and business managers. Legal issues have to be handled, background checks have to be made and forward planning has to be undertaken. Establishing IP ownership can take time, consents have to be obtained and dealings with research funding bodies and collaborators can often be complex.
Inventions often involve multiple inventors and multiple funding bodies and sometimes activities and people that stretch back many years need to be taken into consideration.
At UMIP we have extensive experience of helping all parties who get involved with spin-out companies, advising them on the best courses of action to take, steering them through the issues that inevitably arise and taking them to a successful commercial conclusion at the end of the journey they have been on together.