Independent report

Independent review of university spin-out companies

An independent report by Professor Irene Tracey and Doctor Andrew Williamson of university spin-out companies and the government’s response.

From:
Department for Science, Innovation and Technology and HM Treasury
Published
21 November 2023
Last updated
22 November 2023 — See all updates

Documents

Independent review of university spin-out companies

PDF, 496 KB, 55 pages

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Independent review of university spin-out companies: insights from a survey of spin-out founders (annex D)

PDF, 501 KB, 45 pages

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Independent review of university spin-out companies: government response

PDF, 267 KB, 24 pages

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Details

The review proposes recommendations to help improve the creation and growth of university spin-out companies. The review was led by:

  • Professor Irene Tracey CBE, Vice-Chancellor of the University of Oxford and member of the Medical Research Council (MRC) of UK Research and Innovation (UKRI)
  • Doctor Andrew Williamson, Managing Partner of Cambridge Innovation Capital and Chair of the Venture Capital Committee at the British Private Equity and Venture Capital Association (BVCA)

The review reported jointly to the Chancellor of the Exchequer and Secretary of State for Science, Innovation and Technology, supported by officials from their departments. The review ran from March to October 2023.

The government has accepted all the recommendations of the review. The government response document provides details on how the government will implement each of them.

Published 21 November 2023
Last updated 22 November 2023 + show all updates

  1. Government’s response to the independent review of university spin-out companies published.

  2. First published.