Interview

Last month, EMV Capital, a fund management subsidiary of British investment firm NetScientific, took over Martlet Capital, a Cambridge, UK-focused investor that had been the corporate venture arm of aerospace and defence company Marshall Group for nine years until 2021. The decision was the natural conclusion to EMV’s earlier decision to become an investor in Martlet and allows the investor to further tap into the Cambridge cluster, NetScientific CEO Ilian Iliev says.

Universities, by their very nature, have always been strong centres of innovation. Scientific discoveries are routinely made in university research labs – but spinning those discoveries out into an operational business comes with numerous hurdles.

Duncan Johnson argues that spinout founders in the north of England need to learn to think bigger. That’s not just a question of access to capital (his investment firm Northern Gritstone has £312m at its disposal) but also of infrastructure to mentor and nurture these founders.

Some of the most innovative clean energy and climate technologies originate in the labs of the world’s research universities. At Imperial College London’s climate innovation accelerator, The Greenhouse, startups address solutions in niche areas such as bio-textiles, waste management and green hydrogen.

We take a look back at some of the key insights shared by guests on season 2 of Beyond the Breakthrough.

Licensing intellectual property to a spinout can take frustratingly long and end with terms for a spinout that a venture capital investor might not be comfortable with — the university taking too large a share is a typical argument that you’ll hear particularly in the UK. There are initiatives to speed this up. The US has BOLT and the UK has the USIT Guides, template term sheets co-developed by tech transfer offices, investors and law firms to significantly speed up the process. Ireland even has a national IP protocol.

How do you get beyond the many roadblocks stopping cutting-edge technology from being adopted by healthcare providers – which naturally have a lot of safety concerns, and often sizeable budget constraints too. Are hospitals moving to being completely decentralised in the future? And is AI about to revolutionise how hospitals are run?

Stanford may be a recognised world-leader when it comes to startups, but it mustn’t rest on its laurels. Sometimes that even means launching initiatives that others have long had — that is just one of the lessons that Karin Immergluck, executive director of Stanford’s Office of Technology Licensing, has learnt. Karin also tells us what the US can learn from its international peers, why TenU is an important component of her work and she examines the importance of erasing bias in hiring processes, including in leadership positions.