UCL News


UCL in the News: Strong performance from university businesses

18 July 2007

Universities are creating more companies than ever and growing their commercial research and intellectual property income, according to the latest annual survey of higher education 'spin outs'.

According to the Department of Innovation, Universities and Skills and the Higher Education Funding Council for England, universities and colleges are getting better at exploiting intellectual property. …

Professor Steve Currall [UCL Management Science & Innovation], head of a new academic entrepreneurship department at UCL, said: "The mission of DIUS is right on target for maximising the effectiveness of the UK's knowledge economy."

But the report failed to address the number of jobs created by university spin outs, he said. "Jobs in those companies typically have high quality of work life and are high paying."

Anthea Lipsett, EducationGuardian.co.uk