Poor spin-off returns 1

February 18, 2005

No one can be opposed to the idea of maximising the commercial benefits of academic research but there are, as the Lambert report says, "too many unsustainable spin-offs".

The dispersal of public cash into hopeless small ventures is a terrible waste. The penny packet approach of a few hundred thousand public pounds, a day's "entrepreneurship" training and three academics spun off is depressing.

The resources need to chase fewer, larger and better staffed businesses with a chance of making more of an impression. The aim should be to generate globally significant businesses, not to fill incubator units in science parks.

Jon Moulton
Managing partner, Alchemy

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