Abstract
University spin-off companies (USOs) have become a significant feature of the UK's further education landscape over the last 20 years. Given the large number of UK USOs created over recent years, studies of their financial performance would appear, on first principles, to be vital to carry out to assess whether the USO is the optimum method of university IPR exploitation. There is however, a significant gap in the literature on the studies of financial performance of UK USOs. The key additions to the literature on USOs from this case study will be the technique of the construction of a rigorous data set of USOs for a university using a variety of publicly available independent sources, and to investigate key performance measures such as survival history of the USOs and amounts of money raised from third parties by USOs, measures that are particularly under-represented in the analyses to date.
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