Oxford University Innovation’s total revenue for the 12-month period from 1 August 2019 to 31 July 2020 totalled £30.8m.
In addition to the turnover of £24.9m, OUI received £5.8m from Oxford University for managing the Intellectual Property and Spinout Investment portfolio and associated services.
Results for 2019/20 show consistent year-on-year performance in both Licensing & Ventures income and Consulting Services income.
Income and Expenditure year to 31 July 2020 (£’000)
During the year, OUI activities returned £16.6m to researchers and the University. The 2019/20 profit will be part returned to Oxford University and part retained as reserves for investment in the 2020/21 financial year.
OUI activities returned £16.8m to researchers and the University and an additional £1.2m was returned to Oxford University through the gift aid covenant agreement.
Results for 2019 show consistent year on year performance in both licensing & ventures income and consulting services income.