In today's Financial Times, Professor Irene Tracey, Vice-Chancellor of the University of Oxford, emphasises the need for Government investment in Proof-of-Concept funding to help spinouts overcome the 'valley of death'. TenU Cambridge Enterprise Columbia Technology Ventures Edinburgh Innovations KU Leuven Research & Development University of Manchester Innovation Factory MIT Technology Licensing Office Oxford University Innovation Stanford Office of Technology Licensing (OTL) UCL Business Ltd https://lnkd.in/eyXPBBZx
💡 With the Budget coming up, how can the Chancellor unlock innovation-led growth? Professor Irene Tracey, VC of the University of Oxford writes in the Financial Times that the answer lies in supporting universities to commercialise breakthroughs. In the piece, Prof Tracey, who co-authored the Independent Review of Spinouts, argues the Government needs to invest in Proof-of-Concept funding to help spinouts cross the 'valley of death' – the gap between research grants ending and tech being able to attract major investment. She points to successful spinouts from Oxford University Innovation and UCL Business Ltd and draws on research from TenU to make the case for Proof-of-Concept funding. To find out more about TenU's work to share best practices in research commercialisation see link in the comments. #POCfunding #ResearchImpact #EconomicGrowth | Cambridge Enterprise | Columbia Technology Ventures | Edinburgh Innovations | Imperial Enterprise | KU Leuven Research & Development | University of Manchester Innovation Factory | MIT Technology Licensing Office | Stanford Office of Technology Licensing (OTL)