“Turning world class research into business”
Spinout companies have recently become a key aspect of university innovation and engagement activities and in the past 3 years 25 university spinouts floated on the stock market at a value of over £1.5 billion. It is recognised, however, that the creation of high-growth companies based on university research requires specialist expertise, hand-on support and financing.
In order to facilitate the creation and growth of its spinout companies, Cardiff University signed a 10 year agreement with Biofusion Plc. in January 2007 to provide both management expertise and access to an £8.2M ring-fenced investment funding. The Cardiff University arm of Biofusion is called Fusion Cardiff Ltd and operates across all disciplines within the University.
Who are Biofusion/Fusion Cardiff
Fusion Cardiff is a wholly owned subsidiary of Biofusion plc, an AIM listed company on the London Stock Exchange. Biofusion was formed in 2002 to commercialise university IP, and is comprised of a small team from a variety of backgrounds who have all turned technology into business. In 2005 Biofusion signed exclusive agreement with University of Sheffield before concluding an agreement with Cardiff in 2007.
Further background information relating to Biofusion can be found at: www.biofusion.co.uk
How Does Fusion Cardiff Work?
Fusion Cardiff has offices in Cardiff, at East Gate House, Newport Road, and works in partnership with RACD on a daily basis to help identify potential spinout company opportunities arising from University research. Fusion Cardiff provides a dedicated and experienced team to help write business plans and develop the commercial strategy together with access to initial investment funding via the Fusion Cardiff fund. In addition, further funding can be access if required through established partnerships with Finance Wales and NPI Ventures. Academic founders receive 40% of the equity in any new spinout at inception.
Further information relating to how Fusion Cardiff works can be found in the following powerpoint presentation:
What to do next?
If you think your research has commercial potential or if you just want to find out more about Fusion Cardiff or Technology Transfer in general at Cardiff University please contact:
Dr Nick Bourne
Deputy Director Commercial Development