Oxford University Innovation contributes to the University’s mission of creating impact in the wider world by commercialisation of research and expertise. I am delighted to report another successful year marked by a number of changes that strengthen our offering and our role within all Divisions of the University and the wider entrepreneurial ecosystem.
The University’s Innovation Working Group gave added impetus to efforts to enhance collaboration between a number of groups supporting innovation, and led naturally to the most visible change for us – our name change. Our new name emphasises our close connection with the University and also reflects the work we do.
Having outgrown our premises in Summertown, the company moved to premises on Oxford’s Botley Road, with better facilities for meetings with researchers and our other constituencies.
Oxford’s achievements in creating new companies, and attracting significant investment to help them reach their potential, were recognised this year in articles from the Wall Street Journal, identifying the city as a global tech hot spot, and the Financial Times, which drew attention to the positive effect of patient capital in helping new ventures to become significant enterprises.
In March Tom Hockaday stepped down as CEO. Tom lead the company from 2006 and under his strong leadership the company grew and established an international reputation as a leader in the sector. Linda Naylor has ably lead the business in the interim since Tom left but she also is now retiring and hands over to Matt Perkins, who joined us to lead the business through the next chapter of its development. Our thanks go to Tom and Linda for their work in making OUI the business it is today.
Nigel Keen, Chairman