Tech Transfer eNews Blog

UK government appoints experts to identify best practice in university tech commercialization

By Jesse Schwartz
Published: March 15th, 2023

The UK government has recruited two leading university and investor experts to identify best practice in the commercialization of university technologies.

Irene Tracey, vice chancellor of the University of Oxford and member of the Medical Research Council of UK Research and Innovation, and Andrew Williamson, chair of the Venture Capital Committee at the British Private Equity & Venture Capital Association (BVCA), will consult with universities, investors, and entrepreneurs to identify best practice in university spinouts and technology licensing.

“We want the UK to be the world’s next Silicon Valley, and to get there the government must help spinouts to thrive,” says Jeremy Hunt, Chancellor of the Exchequer. “The expertise of Professor Tracey and Dr Williamson will be invaluable in ensuring we have the right support in place.”

Tracey and Williamson comment, “Now is the time to review what the best processes are for both creating and structuring spinouts so that we’re ready for this anticipated expansion in innovation clusters around the country. We look forward to partnering with stakeholders from the academic, entrepreneurship, and investment communities to identify opportunities to increase the impact of this important sector of our economy.”

Source: Gov UK

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