Imperial Innovations, the technology transfer company established by Imperial College is to float on the London Stock Exchange Alternatives Investment Market (AIM).
Imperial Innovations, the technology transfer company established by ImperialCollege, is to float on the London Stock Exchange 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 ImperialCollege.
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.