Inventions on the rise at Manchester uni
MANCHESTER University has seen an increase in the number of inventions coming through the institution, and in licensing revenue.
According to newly-filed accounts for The University of Manchester I3 – which handles the commercialisation of the university’s intellectual property – the number of invention disclosures rose by 18% in the year to July to 371.
Licensing income was up by 20% to £1.14m, which chairman Dr Krishnamurthy Rajagopal said was the highest figure so far.
He said: “The University of Manchester continues to be well-regarded for its work and is seen to be amongst the top performing UK universities in intellectual property commercialisation.”
During the period the university received £677,000 from exits and its portfolio of spin-outs attracted £16m of private equity.
The university works closely with industry to help finance early stage innovations and has partnerships with Johnson & Johnson, as well as Scottish and Southern Energy Power Distribution and the National Grid, which are involved in an energy innovation fund.
University of Manchester I3 receives most of its income in the form of a management fee from the university. During the period income was up to £4.6m from £4.3m, while it made a pre-tax loss of £10,000, down from a profit of £4,900 last time.
