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Report on Global Commercialisation of spinouts

The venture capital company 3i, in association with the Economist Intelligence Unit, launched a report at a recent meeting of the Cambridge Network on the global commercialisation of R&D spinouts. Jonathan Gold of Qi3 was interviewed as one of the experts consulted during the construction of the report.

The report emphasises the potential value of intellectual property generated by the research base, quoting that technology transfer from the US academic community alone added more than $40 billion to the US economy in 1999 and supported 270,000 jobs. The UK may still have a way to go, but it comes second only to the US as the preferred location for spin-outs, according to the experts consulted.

The report is one of a series completed by 3i in recent times. It covers a range of issues from the barriers to commercialising research and a comparison of the US and UK situations right up to some suggestions for top spin-outs. High among these was the need for a sharp market focus. The report notes in one of its five key ingredients to successful spinouts…

“Understanding technology is less important than understanding how technology is going to be used by customers.”

We couldn’t agree more…

Copies of the paper and others in the 3i technology series can be viewed at www.3i.com/techpapers.

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