The report, sponsored by the Royal Academy of Engineering, has identified 193 spinouts emerging from Oxford University since 2011, ahead of Cambridge University in second place with 137, with Imperial College London and University College London ranked third and fourth, with 106 and 88 spinouts respectively.
Oxford was also found to have the most active cluster for spinouts, with 90 such firms based in the local authority for Oxford alone. Many of these are have been successful in finding solutions to some of the biggest challenges facing the world today. Areas of innovation include sustainable transport, green energy, poverty alleviation, and medical diagnostics.
The report comes after several record-breaking years for innovation in Oxford, tracked by the University’s commercialisation arm, Oxford University Innovation (OUI). Through OUI, the University created 31 new companies during the 2020/21 academic year, bolstered by the University’s support for social ventures.