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UK GOVERNMENT SPINOUT REVIEW: STATEMENT OF BEST PRACTICE ADOPTION

09 September 2024

Warwick Innovations welcomed the UK Government Spinout Review and the opportunity to revise the University’s institutional policies and practice around spinout company development. The university is committed to update policy and practice (subject to UEB and FGPC approval) to better align with recommendations from the Spinout Review. Key policy changes under consideration at Warwick are to:

• reduce the university’s equity stake in future spinouts up to 30%. This stake could be lower subject to the nature of the IP and market sector; and
• to recognise academic founders in addition to Creators in being able to benefit from shares in spinout equity.

Other key changes in spinout company development and support being implemented at Warwick are to:

• define, communicate and refine steps and timelines for spinout company formation, including clarity on expectations from key stakeholders;
• embed a new process to better manage, support and report on spinout portfolio performance;
• deliver a campus-wide marcomms campaign to raise awareness of changes in our spinout policy and practice; and
• roll-out a series of internal programmes to upskill the research community in commercialisation skills and innovation leadership.