A spinout is a vehicle for impact. It is a new company incorporated to exploit University owned IP and the associated IP Rights (IPR). Normally this is done with disruptive innovation to create a new market or because the technology is able to create multiple products.
Leaders in Innovation
Edinburgh Napier University has been named a top 10 university in the UK and second in Scotland for generating spin-out companies.
The 'Gateways to growth: Entrepreneurial Impact Report 2023' report, produced by Octopus Ventures, explores and celebrates how UK universities are fuelling economic growth and solving society’s biggest challenges. The report has taken into account high-profile spin-outs from Edinburgh Napier in recent years, including many in the cyber arena, as well as emerging sectors of augmented reality and renewables.
Creating a spin-out typically involves:
- incorporation by the University
- rights to the University IP
- external investment (can be via shareholder arrangement or other)having the right team on board -both technically and commercially
- having a product/service with a broad range of applications
Successful exploitation of the IP provides a financial return to both business and the University and the local economy through spin-out company creation.
A spin-out is considered HIGH IMPACT.
Further Guidance
For additional spin-out definition, please review the UK Government’s definition.
To read more about the success of spin-outs in the UK and why they are important to our national economy – please review the following publications:
Spotlight on Spin-out, Celtic Renewables
Case study: Spotlight on spin-out, Cyacomb & making the world a safer place
Be part of our adventure
Our spin-outs may be of interest to you. If you are an accredited investor or you represent an investment group and have expertise in a particular field and are looking for an exciting opportunity, please do get in touch with us. There are also opportunities for you to offer your expertise to our entrepreneurial academics and researchers to help them get their ideas off the ground.
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