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Briefing
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- Rising IP income – UK universities grew income from intellectual property by 18.5% to £155 million during 2014-15 academic period, with licensing income rising 25% to £103 million and equity from sale of spinoff companies at £53 million
- More active at filing IP – More universities became active in filing patents and protecting IP as potential profits become more evident, and also to prevent competitors from replicating innovations
- Tech sector investment – Large U.S. tech firms like Google and Apple spent hundreds of millions of dollars on UK startups originating from local universities as sector encounters rise of activity in AI and machine learning
- Decline of spinouts – Number of spinouts among UK universities in decline as process is time consuming and money-intensive than setting up a startup
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Business Model and Practices
Business Model
and Practices
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Sector
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Information Technology
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Organization
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Higher Education Funding Council for England (HEFCE)
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Source
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Original Publication Date
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November 8, 2016
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