Spin-out review: Public Statement of Adoption
Royal Holloway is fully committed to embedding a culture of innovation and excellence and to achieving real world impact through its research. We therefore welcome the publication of the Independent Review of University Spin Out Companies which provides a framework to underpin the commercialisation of research and the opportunity to ensure best practice is followed throughout the sector.
The university is in the process of strengthening its IP policy and processes to ensure clarity and transparency, and an accelerated approval process has been agreed. As our portfolio of spin out companies has historically been small, we are also taking the opportunity to work with other universities to share knowledge and to maximise our resources.
Royal Holloway therefore substantively adopts all the Review’s best practice guidance including agreeing spin-out deals on market terms, avoiding unnecessary negotiations and implementing the equity splits identified via TenU’s University Spin-out Investment Terms. This is with a view to achieving full adoption by the end of 2024.
