Spin-Outs - Creating Businesses from University Intellectual Property - By Graham Richards

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Spin-Outs

What the press have been saying:

Universities increasingly encourage spin-out companies from their own departments, and interest from entrepreneurs and the commercial sphere is only set to develop further in coming years. This book...

Abstracts of Public Administration, Development and Environment, Indiana University

Spin-Outs Creating Businesses from University Intellectual Property By: Graham Richards Format: Hardback ISBN: 9781905641987 Published: 19 January 2009

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About the Author

Universities increasingly encourage spin-out companies from their own departments, and interest from entrepreneurs and the commercial sphere is only set to develop further in coming years. With this in mind, Professor Graham Richards - an academic and businessman who has had many years of involvement with spin-out companies - has written this book as a guide and an inspiration for those who are thinking about commercialising intellectual property and creating a spin-out company.

In an informative and enjoyable style he describes his personal experiences of the processes involved in launching a spin-out; from the key decisions that have to be made through to those inevitable mistakes to be learnt from. The University of Oxford has an outstanding record in forming spin-out companies, and has become one of the leading UK universities in this activity. Within the University, the Department of Chemistry has played a central role, with Â£80 million being contributed to university funds by spin-out companies that have emerged from the department. 'Spin-Outs' provides an insight into how this has been achieved, and carefully signposts the route for taking an academic's intellectual property from the lab, to a start-up company and then on to flotation on the stock market.

As a former head of Chemistry at Oxford, Professor Graham Richards is uniquely placed to describe this process. The author gives a real-life focus to his account by using illustrative examples of the businesses in which he was personally involved, drawing extensively on the case study of Oxford Molecular Ltd to show how this company was spun-out in practice.

The book provides invaluable information for universities about what can be achieved and how. It also provides guidance to the entrepreneur with thoughts of creating a high-tech company: the pitfalls, the problems and what is needed, as well as an indication of the potential benefits to all concerned.

Universities increasingly encourage spin-out companies from their own departments, and interest from entrepreneurs and the commercial sphere is only set to develop further in coming years. With this in mind, Professor Graham Richards - an academic and businessman who has had many years of involvement with spin-out companies - has written this book as a guide and an inspiration for those who are thinking about commercialising intellectual property and creating a spin-out company.

In an informative and enjoyable style he describes his personal experiences of the processes involved in launching a spin-out; from the key decisions that have to be made through to those inevitable mistakes to be learnt from. The University of Oxford has an outstanding record in forming spin-out companies, and ...
Preface

1. Introduction
2. A brief history of spin-outs
3. Technology Transfer
4. Starting a spin-out company
5. Oxford Molecular Ltd
6. Oxford Molecular Group Plc
7. Wider university coverage - IP Group Plc
8. Conclusions

Appendices
Index...

Preface

1. Introduction
2. A brief history of spin-outs
3. Technology Transfer
4. Starting a spin-out company
5. Oxford Molecular Ltd
6. Oxford Molecular Group Plc
7. Wider university coverage - IP Group Plc
8. Conclusions

Appendices
Index
Professor Graham Richards has worked with spin-out companies since 1988, when he was involved in founding the University of Oxford's technology transfer company, Isis Innovation Ltd, which he went on to be a director of for 20 years. Professor Richards founded his own spin-out company, Oxford Molecular Ltd, in 1989 and was heavily involved with running this company for 11 years, until it was sold in 2000. He has also been a director of Catalyst Biomedica Ltd and a chairman of IP2IPO Group Plc, which later became the publicly quoted IP Group Plc. He is now a senior non-executive director of tha...

Professor Graham Richards has worked with spin-out companies since 1988, when he was involved in founding the University of Oxford's technology transfer company, Isis Innovation Ltd, which he went on to be a director of for 20 years. Professor Richards founded his own spin-out company, Oxford Molecular Ltd, in 1989 and was heavily involved with running this company for 11 years, until it was sold in 2000. He has also been a director of Catalyst Biomedica Ltd and a chairman of IP2IPO Group Plc, which later became the publicly quoted IP Group Plc. He is now a senior non-executive director of that company. Professor Richards has recently retired from Oxford University, where he was Head of the Chemistry Department.

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Media Reviews

Abstracts of Public Administration, Development and Environment, Indiana University

Scientist Magazine

SPIN-OUTS: CREATING BUSINESS FROM UNIVERSITY INTELLECTUAL PROPERTY

Written as a guide for those wishing to build a company by developing technologies licensed from academic labo- ratories....

Canberra Times

"Million-dollar science comes from research that no one would dream could become useful, according to a chemist who has made millions out of ‘‘spin-out’’ companies. Oxford University...

Books Online

"It is commonly thought that universities exist primarily to educate their students. In truth, most universities seem to spend more time conducting research than in straight instructional tasks. This...

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