Spinout businesses – born out of university research – are in the spotlight and it’s encouraging to see the government place these innovative companies at the heart of its growth agenda.
Labour’s manifesto, the draft industrial strategy, and the Budget all included a commitment to supporting university spinouts to drive growth, jobs, and have real-world impact.
Spinouts are where groundbreaking research meets opportunity, where ideas conceived in labs are cultivated into thriving businesses.
In recent years, university spinouts have created nearly 29,000 jobs and drawn more than £20 billion in investment into the UK.
But this is only the beginning. These businesses, fuelled by pioneering research, can position the UK as a leader in key high-growth sectors as outlined in the industrial strategy.
Take Autolus, for instance – a powerful illustration of how spinouts can drive transformative change….
