Queen Mary University of London ranks fourth in the UK for converting its research into successful companies, according to a new report.
13 November 2019
The Entrepreneurial Impact Ranking 2019 identifies universities that are leading the way in creating and commercialising their academic research through spinout companies.
Queen Mary placed fourth after it was found to be effective in terms of its production of spinout companies, and successful exits, relative to the total funding received.
Through Queen Mary Innovation, the commercialisation arm of Queen Mary, the University has had a number of notable successes such as the AIM listed companies Actual Experience Plc; hVIVO Plc and fast growing AI company LANDR Audio Inc.
Graeme Brown, Director of Technology Transfer at QMUL & Executive Director of Queen Mary Innovation said: “This is fantastic to be recognised as one of the top institutions in the UK for commercialising research. Queen Mary is home to so much world leading research and converting that into successful companies so it can have a wider impact is hugely important to us.”
Octopus Ventures, one of the largest Venture Capitals in Europe, and Ideas 2 Impact produced the study that measured UK universities’ effectiveness in terms of their production of intellectual property, creation of spinout companies, and successful exits from such spinout companies, relative to their total funding.
The universities that perform best in the rankings are those which create spinouts with high-value exits, and there is added weighting for universities that produce such exits from a smaller number of spinouts. In quantifying the impact of universities and their spinouts, the ranking intends to create a framework for greater transparency, collaboration and improvement throughout the ecosystem.
Simon King, Partner at Octopus Ventures, said: “The UK is home to some of the world’s leading research universities which have been responsible for a huge number of groundbreaking scientific achievements. We have also seen a series of technology companies emerge from these institutions to establish themselves on the global stage, but the opportunity is much greater, and we believe the UK has the potential to produce many more of these pioneering businesses.”
Entrepreneurial Impact Ranking Top 10 -
1) Queen’s University Belfast
2) University of Cambridge
3) Cardiff University
4) Queen Mary University of London
5) University of Leeds
6) University of Dundee
7) University of Nottingham
8) King’s College London
9) University of Oxford
10) Imperial College London
For media information, contact:Rupert Marquand