The University of Warwick’s technology transfer office has celebrated its 50th spin out – itself.
Warwick Ventures has spent the last ten years launching 49 knowledge-based companies employing over 170 staff.
But after a decade of helping University of Warwick researchers commercialise their research, the University of Warwick’s technology transfer office has now a become a spin-out company in its own right.
Warwick Ventures director Dr Ederyn Williams said: “In 10 years we have made over 100 patent applications, founded 49 companies and raised over £30 million in funding for those companies from venture capitalists and business angels.
“That was achieved simply as an office within the University.
“As a company in our own right we can empathise even more with the companies we create and the partners we seek for them and win not just more respect but more funding and more opportunism to create new knowledge based businesses.”
Some of the 50 companies launched by Warwick Ventures include Warwick Audio Technologies, where researchers from the University School of Engineering founded a company based on a flat speaker.
It now employs 10 staff in Warwick and South Wales
Streamline Computing, spun out from Warwick’s Computer Science department, now has over 20 staff and £5 million in sales.
It has provided supercomputer systems to over 100 customers in the UK and Europe, and is a leader in its field
Another firm Warwick Warp has developed software for better computerised fingerprint matching and is now used in dozens of sites, and they are bidding for major contracts worldwide.