Board change at IP Group

INTELLECTUAL property commercialisation company the IP Group announced today that its chief operating officer is to stand down.

Magnus Goodlad will step down as a director of the Sheffield-based group at the end of August to pursue new opportunities.

Chief executive Alan Aubrey said: “I would like to thank Magnus for his very significant contribution to the development of the group’s business in many areas over the past six years. On behalf of all the board, I wish him every success for the future.”

Founded in 2001, IP Group listed on AIM in October 2003 and moved to the main market in June 2006.

IP Group, which specialises in funding university spin-outs, has formed long-term partnerships with 10 universities including York.

Its portfolio is diverse with exposure to five main sectors – energy and renewables, medical equipment and supplies, pharmaceuticals and biotech, IT and communications and chemicals and materials.