Congratulations to Dr Andrew Williamson (Physical Natural Sciences, 1990), whose report of university spin-out companies and the government’s response – which was commissioned by the Chancellor – has now been published. The review, led jointly by Dr Williamson and Professor Irene Tracey CBE, offered a series of recommendations to help improve the creation and growth of university spin-out companies.
Dr Williamson writes, “The UK's world-class university sector is a crucial driver of economic growth and innovation. Over the past year, I have engaged extensively with all key stakeholders and the Independent Review of the UK’s University Spin-out Ecosystem and its recommendations are the culmination of this extensive work. The review proposes a set of spin-out terms and processes designed to foster a more collaborative environment among academia, entrepreneurship, and investment, that will increase the number of spin-outs, reduce the time to negotiate licenses, and increase the spin-out’s success rate. It was a privilege to contribute to this report. Across diverse sectors, including AI, quantum computing, advanced therapeutics, diagnostics, and climate tech, university spin-outs across the UK are rapidly generating economic growth, societal impact, and fulfilling career opportunities for the next generation”.
Dr Williamson is a Managing Partner of Cambridge Innovation Capital and Chair of the Venture Capital Committee at the British Private Equity and Venture Capital Association (BVCA).