What's up and what's down

November 14, 2003

* A total of 561 full-time staff worked on technology-transfer activity at UK universities in 2002, an average of six per institution

* A total of 158 spin-offs were created in 2002

* Fifty spin-offs were generated using government University Challenge funds; 21 with venture capital investment; 17 with business angel investment; and 14 with an industrial partner

* There were 20 exits of spin-offs (14 failed or were liquidated, five were sold and one was floated), which generated £6.8 million, compared with £20.2 million in 2001

* The number of licences or agreements rose by 39 per cent

* Licensing income increased to £22.4 million last year from £16.3 million in 2001

* There was an average of 18 university invention disclosures per institution, compared with 14 in 2001

* Universities spent an average of £93,000 protecting intellectual property, a rise of 18 per cent over 2001

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