Spin-outs from MRC-funded research attract £10bn in investments
New report shows how the Medical Research Council (MRC) research funding is boosting UK jobs and economic growth. Research funded by MRC has led to spin-out companies with an economic value of greater than £6.1 billion. This has created more than 3,800 jobs and attracted £10.2 billion of external investment, according to new analysis published today. Independent evaluationThe report was conducted by independent evaluator Ipsos UK. It was commissioned to establish an overview of the investment and growth outcomes achieved by spin-outs that have been linked to intellectual property developed with MRC’s funding. Commercialising technologies linked to MRC-funded researchIpsos UK collected an initial dataset that included details of companies established to commercialise technologies linked to MRC-funded research from 2008 to 2023. One hundred and forty-six were linked to MRC’s translationally targeted research funding, established to speed up the transfer of…
