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Partners
The University of Reading
UK Potfolio
Aberro
Acolyte Biomedica
Geomerics
InnoMatica
Kaloptics
NeuroTargets
Novocellus
Parsortix
Provexis
Synature
Strategic Partnership with The University of Reading
In July 2006, ANGLE plc announced that it signed a 20 year strategic partnership with The University of Reading.
Under the terms of the agreement, ANGLE has the exclusive right of first refusal to invest in all University intellectual property (IP) that is commercialised. Where ANGLE exercises this right, it will invest under a set formula obtaining an equity stake of 60% in each spin-out company for an investment of up to £0.5m. ANGLE will drive development of these ventures utilising its proprietary Progeny® process.
Additionally, ANGLE will receive a 15% share in all commercial returns from all University IP, both licensing and spin-out, in which ANGLE does not invest. In exchange, ANGLE will provide consultancy and technology support to the University.
In total, ANGLE expects to invest at least £3.5m over the first five years of the agreement.
The University has income of more than £150m per annum and over 1,000 academic staff. The most recent government Research Assessment Exercise rated twenty of its departments as 5 or 5*, denoting international excellence in research activity. This excellence is found in areas as diverse as climate physics, fluid dynamics and food biosciences, the latter of which is ideally placed as the global market for functional foods grows towards an estimated $95bn per annum by 2010. In addition, the University’s Instrumentation & Signal Processing Research Group and Cybernetic Intelligence Research Group both possess not only high international reputations but also strong histories of producing groundbreaking, commercial technologies. ANGLE is already working with the University to evaluate opportunities arising from these and other areas.
The University has a long tradition of being at the forefront of commercial activities, as the first British university to integrate an industrial R&D group on its campus; the first university to win the Queen’s Award for Export Achievement; the host to the UK’s leading Knowledge Transfer Partnership (KTP) Centre; the provider of one of the largest credit bearing entrepreneurship teaching programmes in the UK; and the home of InnovationWorks@Reading, a facility for creative problem solving unique in the South East. Existing spin-out companies include Whitfield Solar, a developer of low-cost solar power solutions that has recently joined the Carbon Trust’s Incubator managed by ANGLE.
