has become the first university in the country
to outsource technology transfer the
process of taking ideas and inventions into
the marketplace. Axiomlab plc is to take on
the role of identifying University research
with the potential for world-class products
or services and help turn these ideas into
successful businesses and licensing deals.
Equity in the new companies will be shared
between the inventor, the University and Axiomlab.
The transfer is to take place as soon as possible.
University Vice-Chancellor Sir Alan Wilson
said: All universities are facing the
same challenge of making their greatest
possible contribution to wealth creation and
the growth of a knowledge-based economy. We
believe this is a unique response to that
challenge. Our partners bring great strengths,
qualities, knowledge and business acumen.
Above all, they can operate in the market
in ways not open to the University as a publicly-funded
body with charitable status.
Axiomlab will establish a new company
Techtran based at the Innovation Centre.
Axiomlab director Alan Aubrey said: Our
focus will be on developing and planning the
implementation of a clear market strategy
by generating early contact with potential
customers to secure those significant first
sales. We will also help the entrepreneur
to identify management needs and secure hires
for the company once funding is in place.
Leeds has been setting trends in enterprise
since the 1970s, when it became the first
university in the country to establish its
own technology transfer company. Over the
years, dozens of companies have spun
out of university research, directly
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