The University of Oxford, along with the universities of Manchester, Edinburgh, Cambridge, Imperial College London and University College London have launched the University Spinout Investment Terms (USIT) Guide.
Supported by Research England and developed with seven prominent investors, the guide aims to galvanise investment and streamline the approaches needed to create successful university spinout companies from cutting-edge research.
The USIT Guide establishes a new suite of standards drawing on best practices from around the world, including notable successes like Oxford Nanopore Technologies from the University of Oxford and ARM from the University of Cambridge.
The aim is to accelerate the speed and quality of spinout creation, and to advance the capability of spinouts to scale up globally, generating more jobs, more productivity, and a brighter future for the UK as a leading ‘Science Superpower’.