Oxford University Innovation Ltd’s total income for the 16 month period comes from sales turnover of £22.1m and the University subvention of £4.1m. Sales turnover is made up of Licensing & Ventures licensing income, Consulting Services income, Isis Enterprise consulting income and Oxford Innovation Society membership subscriptions. The subvention of £4.1m was received for technology transfer project costs, invested in the external costs of patenting inventions made by Oxford researchers. Other operating income includes an allocation of the University’s Higher Education Innovation Fund award to support Consulting Services and the Startup Incubator.
The University subvention, invested in external patents and other project costs incurred on Oxford technology transfer projects, does not support Oxford University Innovation staff costs. Administrative expenses are the costs of running Oxford University Innovation, including our staff costs, marketing and office expenses. Oxford University Innovation distributes income from Licensing & Ventures and Consulting Services to the University and its researchers according to the University’s rules; these outgoings are both included in ‘Cost of sales’ in the accounts. Oxford University Innovation pays a portion of its taxable profit to the University under gift aid.
Performance from 2000