Bangor makes it three Welsh universities recognised for spin-out best practice

Bangor University has joined a prestigious list of UK universities recognised for the adoption of spin-out best practice policies following recommendations made in the 2023 Independent Review of University Spin-out Companies.

This list now includes three Welsh universities, with Cardiff and Swansea Universities already recognised since November 2024.

Spin-out companies are start-up companies that are created based on intellectual property – IP – generated through a university’s research. They are a key part of the research and innovation landscape world-wide, transforming academic discoveries into commercial ventures that drive economic growth, technological advancement, and societal impact.

Approved by Medr, Bangor’s recognition demonstrates best practice in adopting innovation-friendly spin-out practices and guidance that universities, investors and founders can all use.

Spin-outs play an important role for Wales in driving new partnerships and delivering economic growth. Welsh universities have a long list of spin out success, including a recent investment in Cardiff University spin-out Draig Therapeutics, which attracted over £100 million of investment to advance new therapies for neuropsychiatric disorders.  

Speaking about the recognition, Medr Chief Executive James Owen said:

“Hot on the heels of Cardiff and Swansea Universities’ listing last year, this is excellent news for our rich and diverse research and innovation network. Spin-outs are an important measure of success when considering commercialisation and economic impact and it’s always pleasing to see excellence in our universities recognised in this way. We are delighted for Bangor University and the culture of innovation they foster there.

“Success breeds success and we look forward to continuing to fund and support research and innovation in our universities and the positive impacts that come from it.”

The Spin-outs review implementation: best practice adoption list has been compiled by the Department for the Economy Northern Ireland, Medr, Research England and the Scottish Funding Council, based on information submitted by institutions.