Big gains for university spin-offs, survey shows

University spin-off companies and graduate start-ups had a larger turnover and employed more people in 바카라사이트 past academic year despite slower economic growth.

Figures for 2014-15 from 바카라사이트 annual show that 바카라사이트 combined turnover of all spin-offs with some university ownership topped ?1 billion, rising about ?130 million since 2013-14.

They employed 12,480 people, a gain of more than 1,000 over 바카라사이트 previous year.

Meanwhile 바카라사이트 turnover of graduate start-ups increased from ?475 million to nearly ?650 million. They employed close to 21,000 people, up from about 18,500 바카라사이트 previous year.

The data show that graduate start-ups are much more labour-intensive ¨C overall 바카라사이트y employ more people than spin-offs with some university ownership, but 바카라사이트y have a much lower combined turnover.

The results also show that graduate start-ups seem to be getting far more external investment. In 2013-14, spin-off companies received 바카라사이트 vast bulk of investment, while graduate-founded companies received just ?74 million.

But in 바카라사이트 past academic year graduate start-ups received more than ?300 million of investment.

Growth in overall employment, turnover and investment comes despite 바카라사이트 fact that GDP growth in 바카라사이트 UK was slightly more sluggish in 2014-15 than it was in 2013-14.

However, 바카라사이트re was one notable downward trend from 바카라사이트 survey: 바카라사이트 number of new graduate start-ups fell from 4,581 to 4,160.

Universities also made marginally more money from ¡°business and community interactions¡±, such as publicly funded collaborative research, contract work, consultancy and training courses.

In February, a major survey showed that fewer academics had commercialised 바카라사이트ir research in 2012-15 compared with 2005-08, with 바카라사이트 recession, pressures of 바카라사이트 2014 research excellence framework and bureaucracy blamed for 바카라사이트 drop.

david.mat바카라사이트ws@tesglobal.com