£5 million for spin-offs

The recently floated IP2IPO, which helped fund Oxford University's new chemistry building in exchange for equity in any companies spun off from research conducted there, has put aside a £5 million seed-fund to invest in companies across the university. The 15-year agreement with the chemistry department has produced six companies in the past two years. IP2IPO also has relationships with Southampton and York universities and King's College London.