Isis announces record revenues
28 May 09
Isis Innovation, Oxford University’s technology transfer company, has announced increased revenues of £5.6 million in the last financial year, up 18 per cent from the previous year.
Isis managing director Tom Hockaday said: ‘Isis is a technology innovation business; we manage the successful exploitation of new ideas from Oxford and from elsewhere; we do this for the benefit of people, for the health and wealth of society, across the world.’
‘We have had another successful year, delivering value back to Oxford University and out to society.’
Isis assesses, patents and commercialises intellectual property and received £3.5 million in license and royalty income, as well as setting up four new spin-out companies over the last year.
In the last financial year Isis returned £2.9 million in revenues back to the University for distribution to its academics and departments, to support the University’s key activities.
Tom HockadayWe have had another successful year, delivering value back to Oxford University and out to society.
The latest firms to be spun-out of Oxford University research include: Organox Ltd (transplant organ preservation & repair) and Intelligent Sustainable Energy Ltd (revolutionary technologies aimed at helping people reduce and manage their energy consumption).
The technology transfer team struck 69 deals with commercial organisations to further develop Oxford technologies. This included a licence to the newly formed Oxford-Emergent Tuberculosis Consortium Ltd, a joint venture between Oxford, Emergent Biosolutions, the Wellcome Trust and the Aeras Global TB Vaccine Foundation, to develop the most clinically advanced new vaccine for TB. The vaccine entered Phase IIb clinical trials in April 2009.
Meanwhile other parts of the company’s business continued to grow as Oxford University Consulting saw a fifty per cent rise in the number of consulting contracts it negotiated – providing industry and the public sector with access to Oxford’s academic expertise – and Isis Enterprise provided technology transfer training, market research and innovation management advice to UK companies and to organisations in Croatia, Austria, Brazil, South Africa.
The company filed 64 new patent applications protecting Oxford inventions, bringing to 400 the number of patent families managed by Isis.