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Spin-Outs

Creating Businesses from University Intellectual Property

By Graham Richards

Hardback £35.00 / $60.00
eBook £30.99 / $36.99
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Spin-Outs

Creating Businesses from University Intellectual Property

By Graham Richards

Jacket text

Universities increasingly encourage spin-out companies from their own departments, and interest from entrepreneurs and the commercial sphere is only set to develop further in coming years. With this in mind, Professor Graham Richards – an academic and businessman who has had many years of involvement with spin-out companies – has written this book as a guide and an inspiration for those who are thinking about commercialising intellectual property and creating a spin-out company.

In an informative and enjoyable style he describes his personal experiences of the processes involved in launching a spin-out; from the key decisions that have to be made through to those inevitable mistakes to be learnt from. The University of Oxford has an outstanding record in forming spin-out companies, and has become one of the leading UK universities in this activity. Within the University, the Department of Chemistry has played a central role, with £80 million being contributed to university funds by spin-out companies that have emerged from the department. ‘Spin-Outs’ provides an insight into how this has been achieved, and carefully signposts the route for taking an academic’s intellectual property from the lab, to a start-up company and then on to flotation on the stock market.

As a former head of Chemistry at Oxford, Professor Graham Richards is uniquely placed to describe this process. The author gives a real-life focus to his account by using illustrative examples of the businesses in which he was personally involved, drawing extensively on the case study of Oxford Molecular Ltd to show how this company was spun-out in practice.

The book provides invaluable information for universities about what can be achieved and how. It also provides guidance to the entrepreneur with thoughts of creating a high-tech company: the pitfalls, the problems and what is needed, as well as an indication of the potential benefits to all concerned.

About the author

Professor Graham Richards has worked with spin-out companies since 1988, when he was involved in founding the University of Oxford's technology transfer company, Isis Innovation Ltd, which he went on to be a director of for 20 years. Professor Richards founded his own spin-out company, Oxford Molecular Ltd, in 1989 and was heavily involved with running this company for 11 years, until it was sold in 2000. He has also been a director of Catalyst Biomedica Ltd and a chairman of IP2IPO Group Plc, which later became the publicly quoted IP Group Plc. He is now a senior non-executive director of that company. Professor Richards has recently retired from Oxford University, where he was Head of the Chemistry Department.

Media coverage

From Abstracts of Public Administration, Development and Environment, Indiana University:

Universities increasingly encourage spin-out companies from their own departments, and interest from entrepreneurs and the commercial sphere is only set to develop further in coming years. This book by an academic, as well as a businessman, is a guide for those who are thinking about commercializing intellectual property and creating a spin-out company. Written in… Read more »

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From Scientist Magazine:

SPIN-OUTS: CREATING BUSINESS FROM UNIVERSITY INTELLECTUAL PROPERTY Written as a guide for those wishing to build a company by developing technologies licensed from academic labo- ratories. Richards, former head of Oxford University?s chemistry department with experience directing technology transfer and in start-up companies, provides guid- ance and case studies in commercializing academic technologies.

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From Media Review:

Dr Richards lectured at Hiroshima University’s International Industry-Academia-Government Strategy SymposiumSeptember 2011

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From Media Review:

Provides invaluable information for universities about what can be achieved and how. – ‘Abstracts of Public Administration, Development and Environment’, Indiana University18th October 2010

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From thetimes.co.uk:

Dr Graham Richards is in The Times? Eureka 100: The 100 most important contemporary figures in British scienceThe Times7th October 2010

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From Media Review:

An interesting counterbalance to many business books, written by someone who has actually been there and done it- World Patent Information6th October 2009

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From rsc.org:

describes the high spots and pitfalls of these processes from a very personable and readable perspective- Chemistry World magazineJuly 2009 edition

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From rsc.org:

Spin-outs: business built on chemistry- Graham Richards, Chemistry World magazine5th June 2009

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From Media Review:

Make money without losing your soul- Canberra Times5th June 2009

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From Media Review:

There is much to enjoy in the book. It is clearly written, informative, and entertaining.- C&E News6th April 2009

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From news.bbc.co.uk:

Innovate your way out of recession- BBC Radio 4, In Business9th April 2009

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From timeshighereducation.co.uk:

If you’ve got the idea, get some help to make money- Zoë Corbyn, Times Higher Education19th March 2009

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From content.usatoday.com:

Former British Prime Minister Baroness Margaret Thatcher holds an award, given to her by the Royal Society of Chemistry…during the launch of a book- USA Today11th March 2009

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From guardian.co.uk:

Spin-out doctor- Guardian10th January 2009

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From isisinnovation.cmail1.com:

Spin-Outs was featured in Isis E-News- 11th January 2009

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From ipmarketingadvisor.com:

Spin-out veteran shares his experiences- IP Marketing eNews6th January 2009

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From Media Review:
From Media Review:
From Media Review:

© Brian Emsley

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From Media Review:

Graham Richards celebrates the launch of Spin-Outs at The Royal Society of Chemistry, London with Guest of Honour The Right Honourable Margaret Thatcher24th February 2009

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From Canberra Times:

“Million-dollar science comes from research that no one would dream could become useful, according to a chemist who has made millions out of ??spin-out?? companies. Oxford University professor Graham Richards said in his experience, the most exciting companies came from ??quite blue sky stuff??. The next step was to become a millionaire without losing your… Read more »

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From Books Online:

“It is commonly thought that universities exist primarily to educate their students. In truth, most universities seem to spend more time conducting research than in straight instructional tasks. This is especially true in the more advanced graduate level areas. Consequently, universities produce a lot of fundamental knowledge that simply didn’t exist before. This book is… Read more »

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From Chemical and Engineering News:

“Spin-off companies, or spin-out companies as the British call them, have become an important source of funding for British universities and a significant source of income for at least a few British academics over the past 20 years. Companies spun off from Oxford University?s chemistry department, for example, have contributed more than $110 million (£80… Read more »

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From Times Higher Education Supplement:

“An entrepreneurial pioneer’s tale offers academics tips on starting a company. The Government is taking more interest in university spin-offs than ever – so much so that it is considering a proposal to create a ?1 billion fund to assist them. But how does an academic interested in creating a private company to profit from… Read more »

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From The Guardian:

“The chemist Graham Richards, who made millions from research, tells Linda Nordling why he owes much to Margaret Thatcher. Graham Richards never had a grand plan to make money from his research. It just happened. “I’m a great believer in the cock-up theory of history,” he says when we meet to discuss his new book… Read more »

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From IP Marketing eNews:

“Professor Graham Richards, former head of the chemistry department at the University of Oxford, has authored a new book, “Creating Businesses from University Intellectual Property,” to be published on January 19th by Harriman House. Richards has worked with spin-out companies since 1988, when he was involved in the founding of Oxford’s technology transfer company, Isis… Read more »

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From Isis Innovation E News:

Isis Innovation featured Spin-Outs in their January 2009 newsletter. They said: “Professor Richards served as a non-executive director of Isis for many years, and his book describes the increasing impact of Isis in supporting Oxford’s spin-outs.”

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Contents

Preface

1. Introduction
2. A brief history of spin-outs
3. Technology Transfer
4. Starting a spin-out company
5. Oxford Molecular Ltd
6. Oxford Molecular Group Plc
7. Wider university coverage - IP Group Plc
8. Conclusions

Appendices
Index



Published: 19/01/2009
Edition: 1st
Pages: 180
Formats: hardback - ISBN 9781905641987
ebook - ISBN 9781906659424
Media enquiries

If you’d like to get in touch with the author for interview or comment, or you’d like a review copy of this book, please contact us at pr@harriman-house.com or call +44 (0)1730 233870.

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