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Oxford University Innovation (OUI) launched 24 companies in 2016 with a combined £52.6m in early stage funding, setting a new record in spinout generation for the UK and Europe and representing OUI's strongest year to date.

OUI is the research commercialisation company for the University and spinouts (companies based on Oxford University intellectual property) account for 21 of this year's new firms.

This more than doubles OUI’s performance in 2015 (10 spinouts) and sets a new record for spinout companies emerging from a higher education institution in Europe. OUI also improved its year-on-year performance for licences sold, with 117 in 2016, while patents filed increased from 99 to 118. 

The 2016 spinout cohort is spread across a number of sectors, including aeronautics, wireless energy transfer, regenerative medicine, big data, and virtual reality.

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