Imperial mints it on stock exchange

, the technology transfer company established by

is to float on the

Alternatives Investment Market (AIM).

The flotation will be the first by a majority university-owned technology transfer company in the UK. Imperial Innovations has raised £25m from the placing and expects to raise another £1.5m from offering shares to the public. At 365 pence a share, Imperial’s shareholding in the company will be worth over £100m.

Imperial Innovations hope the funds raised through the flotation will enable greater investment in the commercial exploitation of IP created at Imperial College.

Established in 1986 to realise the commercial potential of research undertaken at the University, Imperial Innovations has to date, equity holdings in 58 spin-out companies and concluded over 100 IP agreements arising from the College’s research activity.