Almost half of the UK university spinouts founded between 2013 and 2024 came out of Oxford, Cambridge and London, and those three cities attracted two-thirds of the venture capital that went into the sector, according to a report published in February by Tony Hickson, whose career was based in university technology transfer, investment and startups.
Data compiled by Indeed for Bloomberg also show the so-called Golden Triangle accounted for more than half of the sector’s hiring.
More than 2,000 university spinouts have formed in the UK since 2010, with a combined value of about £49bn, most of them in deep tech, according to the Royal Academy of Engineering. Oxford Nanopore went public at a £3.4bn valuation, and Oxford Ionics and OrganOx were each acquired for more than $1bn last year.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
